Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.
Mitsui Fudosan, the world's largest property owner by value, plans to expand its presence in Europe by initially targeting London's strong real estate market as part of a 500 billion yen ($6.14 billion) global expansion.
Malkin Group's plans to make the Empire State Building the centerpiece of a real estate investment trust have hit another snag -- long-time investors in the building could be vulnerable to huge tax hits, according to filings with the U.S. Security and Exchange Commission.
India's Sahara Group is eyeing New York City's iconic Plaza Hotel after Israeli owners at El Ad Properties have offered to sell the landmark for $600 million. According to the Economic Times, the Sahara group has already paid a 10 percent down payment for the 105-year-old building following exclusive negotiations between the two real-estate conglomerates. Furthermore, Sahara's founder, Subrata Roy, has made an all-cash offer through Aamby, a Mauritius-based subsidiary, according to the ...
Ukrainian billionaire Alex Rovt has stepped in to pay off the loans on landmark office building 14 Wall Street, leaving former co-owner Capstone Equities as manager and leasing agent and former co-owner Carlyle Group LP out of the deal, a source familiar with the deal said on Thursday.
For young would-be homebuyers, this really is the best of times and the worst of times. Helping Your Kids Buy a House For young would-be homebuyers, this really is the best of times and the worst of times.
A $740 million portfolio of performing loans held by failed German bank Eurohypo AG on U.S. properties has attracted more than 100 prospective buyers, several sources said on Tuesday.
He is the former economics professor behind an upstart bank that rode the Greek boom to become a publicly listed heavyweight with a loan book of over 35 billion euros. She is his devoted wife, who oversees the bank's sponsorship of museums and the arts, and advised it on corporate social responsibility.
A private equity arm of Goldman Sachs is looking to launch a $3 billion property debt fund in a bid to take advantage of a growing shortage of realestate financing across the UK and Europe, British newspaper the Times said on Monday.
Insight : Bank Stampede Keeps Spanish Real Estate on the Ropes When Jose Morales travelled up from Granada in southern Spain in February to look at a new apartment in the Madrid satellite town of Sesena, he was greeted by long queues of mostly young people outside the sales office.
PDG Realty, Brazil's biggest homebuilder, said on Friday it will sell 140 million reais ($77 million) in debentures non-convertible for shares to financeinvestment and boost the company's cash position.