Investing
Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom
China Vanke Enters US Markets with Tishman Speyer Deal
Ernst & Young Report Finds Russia Better For Real Estate Investment Than Europe
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
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. Swiss Banks to Hold Extra Capital to Cover Mortgage Risks
The Government of Switzerland has made it mandatory for all the banks of the country to hold extra capital to cover the risk of mortgage loan default. The decision comes in the wake of fears of an emerging housing bubble in the country. Norway’s Oil Fund Investing in First U.S. real estate
The Norwegian oil fund, the world's largest sovereign-wealth fund, bought $600 million real estate in New York, Washington and Boston, with 49.9 percent of the properties on a joint venture with TIAA-CREF, the retirement account for non-profit institutions, reported Bloomberg. Philadelphia to Get New Student Skyscraper
Philadelphia, the city of Brotherly love is all geared up to get its new exclusive student skyscraper at the Cira Centre, on the southern side of University City section. Campus Crest Communities Inc., Brandywine Realty and Harrison Street real estate capital will be teaming up to create the $ 158 million project. FBI to Move Headquarters; Looking for Better Sites
The FBI is geared up to shift base from its existing J. Edgar Hoover building in Pennsylvania Avenue, Washington D.C. The G.S.A announced in a press meet that it was looking for developers to buy the building.
