Staff Reporter

  • Claire Danes' SoHo loft listed for $5.88 Mln
    Actress Claire Danes has listed her SoHo loft for sale for a cool $5.998 million. Actress Claire Danes has listed her SoHo loft for sale for a cool $5.
  • Household net worth jumps $2.8 trillion
    Household debt fell at a 0.4 percent annual rate in the first quarter of 2012 and household wealth increased by $2.8 trillion, the Federal Reserve said on Thursday.
  • Cities struggle with blighted bank-owned homes
    The smell of rotting food and decay inside 10956 South Wilmington Avenue, Los Angeles, was overwhelming.
  • Rent up in May in U.S.
    Rents have gone up across the U.S. in May, according to a report released Thursday by Trulia, online residential real estate site.
  • Spain home prices may drop 52 pct
    Home prices in Spain may decline as much as 52 percent due to economic stress, according to Moody’s Investors Service.
  • Mortgage rates reach record low
    Average U.S. rates on 30-year and 15-year fixed mortgages this week fell to fresh record lows for the sixth straight week as concerns over slowing job growth pushed investors into the safety of government bonds that guide interest costs.
  • U.S. home prices up in April
    Home prices rose in April offering a glimmer of hope for the U.S. housing market, data analysis firm CoreLogic said on Tuesday.
  • Analysis: Surveys vie to capture the Chinese consumer
    Fashion-conscious Shanghainese Xing Chunhui spends her weekend window shopping, pausing for meals or tea with friends, before going online to see if she can get the same clothes cheaper.
  • Canadian REITs set to outperform the U.S.
    Canadian real-estate investment trusts are set to outperform their U.S. peers largely due to the country’s strong economic fundamentals and the real estate sector’s more solid outlook, according to analyst reports.
  • Inside "The Bachelorette" home
    For seven seasons, the first episode of ABC's The Bachelorette was filmed in Villa de la Vina, a Spanish-style estate in Los Angeles. But for season eight, which premiered on May 14, 2012, production of the show moved across the country to a European-style mansion in Charlotte, N.C. -- the hometown of this season's bachelorette, Emily Maynard.
  • Lloyds Bank sells Australian real estate loans
    Lloyds Banking Group Plc announced Wednesday it is selling a portfolio of Australian corporate real estate loans worth £809 million ($1.25 billion) to AET SPV Management Pty Ltd. for about £388 million cash.
  • S&P report looks at credit quality in European real estate
    Strong portfolios and benign funding conditions in the relatively low-geared segment of European real estate make for a stable ratings outlook among rated real estate investment trusts (REITs) and developers in the region. What's more, these factors should support the creditworthiness of issuers in this industry through 2012, says a report published earlier today titled "Rising Debt Costs And Investment Pipeline Uncertainties Threaten Stability Of European Real Estate Sector."
  • Fannie Mae announces new CEO
    Fannie Mae, the largest provider of mortgage money in the United States, on Tuesday appointed its general counsel, Timothy Mayopoulos, as chief executive.
  • German real estate funds plan liquidation
    German real-estate funds which are under pressure from investors are planning to liquidate about €20 billion ($25 billion) in assets, a move that could put pressure on property values in markets throughout Europe.
  • China's Housing Minister emphasizes property cooling policy
    China's main real estate regulator said it will maintain current restrictions on property sales, according to a report in Xinhua news on Tuesday.
  • SEC: Apollo Global Management management shake up
    The global head of real estate at private-equity firm Apollo Global Management LLC, Joseph Azrack, may retreat from the head role to chairman next year, according to an SEC report.
  • More hotel deals expected in 2012
    The value of hotel deals for the first five months of 2012 came to $5.1 billion, down from $6.4 billion a year earlier, research from Jones Lang LaSalle Hotels indicated as attendees at a New York hospitality industry conference said they expected more hotel transactions this year.
  • Same-sex spouses may face financial tangles in the U.S.
    Christel de Vries, a Dutch outsourcing manager for Accenture, sealed her love for her female partner twice, once in 2001 in Amsterdam under Dutch law and again in 2007 in a civil union in New Jersey. Yet under U.S. federal law, she isn't married — and that is creating obstacles in her divorce.
  • Real estate confidence grows, two-thirds of buyers open to foreclosures
    Confidence in the real estate market continues to grow in 2011, according to a recent study by a recent study by Realtor.com.
  • Amy Winehouse's London home for sale
    The London home where singer Amy Winehouse lived and died has been put up for sale by her family for £2.7 million ($4.2 million).
  • China housing prices down for ninth consecutive month
    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.
  • Reading the tea leaves of housing data
    Recent conflicting housing data has confused consumers and economists alike. Recent conflicting housing data has confused consumers and economists alike.
  • Australia's Lend Lease launches shopping center fund
    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).
  • France plans to limit rent hikes
    In a bid to uphold his election campaign promises, French President Francois Hollande is preparing a decree that may limit rent increases.
  • Chic geeks give San Francisco a new tech groove
    The YouTube video, featuring a young blonde sitting in a strikingly modern San Francisco home, offers a telling insight into the attitudes that are shifting the geography of the Bay Area technology scene.
  • China Vanke's sales rebound in May
    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).
  • Facebook searching for offices in New York
    Facebook is searching for an office in New York City for its engineers and has its eyes set on the old New York Times building, according to Crain’s.
  • Real estate firm Knight Frank expands services
    Real estate firm Knight Frank has appointed Tony Nicholas, an equity partner of the firm, as head of the Global Corporate Services (GCS) EMEA team in London and Alex Hill as head of GCS Asia Pacific based in Singapore as it continues to strengthen its Global Corporate Services offering.
  • Asian real estate market cooling
    Real estate markets across Asia are cooling, according to a recent study by real-estate firm Knight Frank.
  • S&P rates Boston Properties LP
    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.
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