Investing
China restates plan to extend property tax programme to new cities
JPMorgan Chase To Sell Melbourne Mortgage Banking Program
Canada's H&R Real Estate Investment Trust Oversold During Trade
InterContinental Hotel Group (IHG), the world’s largest hotel group by room count, recently declared its Operating profit results of 2012. The company announced that it had accounted a 10 percent actual operating profit throughout the year. Major contributors to the profits were its growing operations in China, America and Europe. Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom
With the U.K. economy in recovery, a housing boom might be around the corner. According to a report by Rightmove PLC, an online real estate agency, house prices hit five-year-highs in February 2013. Home sellers have raised prices of properties in sight of the approaching boom. China Vanke Enters US Markets with Tishman Speyer Deal
China Vanke Company, the largest property developer of China, has entered the U.S. market with a partnership deal to build a residential complex in San Francisco, California. The venture marks Vanke’s first entry into the real estate market of U.S. Ernst & Young Report Finds Russia Better For Real Estate Investment Than Europe
Today, investors are saying Russia is a better real estate investment than Europe, according to Forbes.com. Abu Dhabi Investment Authority Buying 42 Marriott Hotels
The Abu Dhabi Investment Authority (ADIA) will be buying around 42 Marriott International hotels that are controlled by the Royal Bank of Scotland (RBS). The AIDA might pay around $992 million for the hotels. Investors’ Confidence in Private Real Estate Funds Rises, Preqin Report
In a survey conducted by alternative asset research company, Preqin, it was revealed that investment in private real estate fund was growing and investors’ confidence in the sector was returning. Kenneth Griffin Buys Big in Palm Beach, Florida
Kenneth Griffin, President and CEO of Citadel Investment Group has purchased four sprawling properties worth $130 Million in Palm Beach, Florida. Lawrence Moens of Lawrence A. Moens Associates had brokered all the four deals that were finalized in December 2012. MAC Marketing Solutions Apologizes for Manipulating Real Estate News Story (VIDEO)
Mac marketing Solutions, a Vancouver based real estate firm in Canada, has apologized for manipulating a news story which showed two of its employees posing as potential apartment buyers from China. The story was aired on CTV and CBS on Thursday, Feb 14,2013. Credit Suisse Looking for New office in Manhattan
Global banking giant, Credit Suisse is looking for new office space in Manhattan, New York to move its headquarters. The bank is trying to downsize office space once its lease expires in 2017. State Oil Fund of Azerbaijan to Buy Australian Real Estate
The State Oil Fund of Azerbaijan (SOFAZ) $34 billion sovereign-wealth fund plans to buy commercial real estate in Australia in bid to increase its assets in the continent, according to reports.
