Housing prices in 100 surveyed Chinese cities fell 0.31 percent in May from April for the ninth straight month, according to data from the China Index Academy.
Recent conflicting housing data has confused consumers and economists alike. Recent conflicting housing data has confused consumers and economists alike.
Australian Property developer Lend Lease Corp. announced Monday it has started a new wholesale investment fund aimed mostly at sub-regional retail centers, and that institutional investors had already committed A$185 million ($180 million).
China’s largest real estate developer by sales, China Vanke, announced its earnings on Monday, recording an increase of 19 percent in sales in May from the previous year to 10.72 billion yuan ($1.68 billion).
Standard & Poor's Ratings Services today assigned its 'A-' rating to the $1 billion of 3.85% senior notes due Feb. 1, 2023, issued by Boston Properties L.P. (Boston Properties), a subsidiary of Boston Properties Inc. The company plans to use proceeds from the offering for general corporate purposes, which could include the repayment of debt maturities (which total $759 million in 2013) and investment opportunities such as property acquisitions and development.
Morgan Stanley and private equity giant Blackstone are close to buying AUS$2 billion worth of distressed commercial property debt being offered for sale by Lloyds Banking Group for about AUS $640 million ($621 million), according to reports.
Norway’s seasonally adjusted housing prices increased by 0.1 percent in May compared to April, according to a report released by real estate industry associations on Friday.
Fitch Ratings has assigned the Jebel Ali Free Zone FZE (JAFZ) a Long-term Issuer Default Rating (IDR) of 'B'. The IDR is initiated on Rating Watch Positive (RWP), pending conclusion of the current refinancing. A successful conclusion of the refinancing as discussed below would result in an upgrade to 'B+' with a Stable Outlook.
A California entrepreneur got a harsh lesson on the rules of charitable contributions this week when the U.S. Tax Court denied his $18.5 million deduction for real estate donations -not because he inflated their values, but because he didn't follow the rules.
Dubai Nakheel, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers and cut costs.