Staff Reporter
For the fourth consecutive month, Miami home prices posted strong gains in March with the median sales price of condominiums surging 46% compared to a year earlier, according to the latest figures from the Miami Association of Realtors. Bill Ackman And Sam Zell On Turnarounds, Opportunities And Success
Bill Ackman and Sam Zell spoke Thursday at the NYU Shack Institute's annual REIT conference. Jonathan Gray of Blackstone, Bill Ackman and David Shulman (Roland Li/IBTimes) On Thursday, Bill Ackman, the silver-haired hedge fund virtuoso, fielded a challenge in the gleaming dining room of the Pierre Hotel in Manhattan. Special Report: China's Wen in Iceland, Eyes on Arctic Riches
China signed accords on energy cooperation and the Arctic in Iceland on Friday as Premier Wen Jiabao started a tour of northern Europe that will focus on Chinese investment in a continent eager for funds and to trade with the rising world power. Trump Says Makes Turkey Investment Priority
Trump says makes Turkey investment priority A hotel of Turkey American property mogul Donald Trump declared Turkey an ideal investment destination and said on Friday he expected to collaborate more with the Turkish owners of the city's Trump Towers. As Traffic Snarls Brazil's Cities, Officials Plan For More Cars
Brazilian cities continue to require parking in new developments, to the chagrin of builders and environmentalists. Singapore Home Sales to Foreigners Dive 78%
Sales of Singapore residential properties to foreign buyers tumbled 78 percent in the first quarter after a government decision in late 2011 to apply a higher stamp duty to prevent the market from overheating, a newspaper reported on Friday. Austria: F**king Villagers Riled About Fugging Name Change
Austrian villagers vote to change name of their town from F**king to Fugging but told they must find a different name. Haitong To Raise $1.68 Billion In World’s Biggest IPO In 2012: Report
Haitong Securities Co. (SHA: 600837), China's second-largest brokerage by assets, raised HK$13 billion ($1.7 billion) in the largest public offering in the world so far this year, media reports said Friday, citing people familiar with the matter. Spain and France Still Top Destinations for UK Second Home Owners
Spain and France are still the top destinations for British people buying a second home abroad, according to the latest search report from Rightmove Overseas. Some 21.01% of searches for overseas property were for Spain followed by 17.91% for France and 12.06% for the US. New Home Building in Australia Remains Weak
New home building in Australia is set to remain weak in 2012 with land sales hitting a new low, according to the Housing Industry Association, the voice of Australia's residential building industry. Demand For Property Fuelled by First Time Buyers: UK NAEA
Demand from the important first time buyer market hit a ten-month high in March, according to the latest figures from the National Association of Estate Agents (NAEA). Hong Kong Tycoon Tells Court He Sold Macau Project to Chinese Estates
High-profile Hong Kong businessman Steven Lotestified in a corruption trial in Macau on Friday that he was the former owner of Moon Ocean, a company that he sold to property tycoon Joseph Lau that is developing a residential project near Macau's airport. Euro Zone Strugglers Falter in Property Sell-Off
Debt-laden euro zone countries hoping to sell state-owned property must cut prices and establish more transparent sales programmes to boost the slow trickle of transactions to date, research showed. More Chinese Developers File For Bankruptcy: Report
More Chinese property developers have filed for bankruptcy, the South China Morning Post reported on Friday, as some small real-estate companies struggle after more than two years of measures by Beijing to curb home prices in China. Citigroup CEO And Directors Sued Over Executive Pay
Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives. Ackman Sells Stake in Rouse Properties
Hedge fund manager William Ackman sold his entire stake in Rouse Properties Inc when the company was spun off from General Growth Properties Inc , he said at a conference on Thursday. Analysis: Homebuilder Rally Draws Skeptics as Earnings Loom
Investors in homebuilding stocks have enjoyed a massive run-up since October that has left major indexes in the dust. Spanish Banks Face More Property Risk - Consultant
Spanish banks may need to set aside more money to cover exposure to a bust property market because they still have to recognise billions of euros in loans to non-viable companies, said a report by Spanish property consultancy RR de Acuna. Fitch Says Short Sales Positive For U.S. Residential Market
Fitch Ratings believes the trend toward more short sales of distressed residential real estate loans in the U.S. is gaining momentum. Goldman Wins Mortgage Case Appealed by German Bank
Goldman Sachs Group Inc (GS.N) and investment adviser TCW have survived an appeal by a German bank that sued them for fraud over a toxic derivative marketed at the height of the housing market bubble. U.S. Mortgage Rates Rise Slightly: Freddie Mac
U.S. 30-year fixed-rate mortgages rose slightly to 3.90 percent in the week ending April 19, mortgage financier Freddie Mac said Thursday. Revere Hotel Vertical Fashion Show : Models Scale 24 Storeys Face First [Photos & Video]
The newly launched hotel is a $27 million reinvention of the Radisson. High fashion acquired a whole new meaning on 18 April, 2012 as models strapped into high-tech rappelling rope strutted their stuff face first towards the ground, 24 storeys all the way, during the launch of the Revere Hotel Boston Common in Boston, Massachusetts. Forbes World's Top 10 Biggest Companies: JPMorgan Chase #2 [SLIDESHOW]
Exxon Mobil tops the Forbes' list of Global 2000 companies. It seems the heavyweights of the business world are not affected by the slow global growth or the eurozone crisis. World’s 10 Most Expensive Cities To Live In 2012 [PHOTOS]
The Economist Intelligence Unit (EIU) has released the Worldwide Cost of Living Index 2012, listing the ten most expensive cities to live in 2012. Sheree Whitfield Quits 'Real Housewives Of Atlanta,' Denies Rumors She Was Fired: 'You'll See Me Again Soon' [PHOTOS]
Sheree Whitfield, famed television personality from the "Real Housewives of Atlanta," has elected to leave the show for good. After four seasons on the show, she is calling it quits. U.S. Existing Home Sales Fall 2.6% in March
U.S. home resales fell in March but the supply of properties on the market tightened and prices inched higher, giving mixed signals about the pace of recovery in the still-struggling housing sector. KKR Makes First U.S. Retail Real-estate Investment
Private equity firm Kohlberg Kravis Roberts & Co (KKR) closed a $196 million investment in Yorktown Center, a Chicago-area mall, marking its first retail real estate investment in the United States. Feature: Portuguese Plant Seeds to Cope With Crisis
Disillusioned by the unfulfilled promise of the cities and feeling stifled by tough austerity measures aimed at coping with an economic downturn, some Portuguese are opting out and returning to the land. US Office Market Sees Rental Rates Rise Despite Leasing Lull
Average asking rents for U.S. office space increased in the first three months of 2011, despite a slowdown in leasing activity, according to Cushman & Wakefield's first quarter statistics for the Central Business District (CBD) office market. US Mortgage Refinance Applications Up, Purchase Applications Down Last Week
Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 13, 2012.
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?
