Staff Reporter

  • Bank of America in Deal to Sell Another NY building
    Bank of America Corp is under contract to sell a downtown Manhattan office building and lease it back, as the big bank continues to shed properties from its balance sheet.
  • March US Housing Starts Fall, Permits Surge
    U.S. home construction fell 5.8 percent in March even with the help of warmer-than-normal weather in the month, but new building permits jumped to the highest level since September 2008.
  • Hypercity to Be Cautious on Store Expansion Plans
    Hypercity, the hypermarket arm of retailer Shoppers Stop, is scaling down its store rollouts and tweaking the product mix to include high-margin goods in an effort to achieve break even faster.
  • Stocks News Singapore: Strong Property Sales Heighten Policy Risk
    Brokers expect booming private residential property sales in Singapore, especially in the mass market segment, to result in the government imposing another round of tightening measures.
  • HK Tycoons Named in Macau Corruption Trial
    Two Hong Kong tycoons have been named in a Macaucorruption trial involving a jailed former government official, dealing a further blow to the region's reputation after a series of scandals that have rocked the financial centre of Hong Kong.
  • SOHO China Buys Shanghai Project For $339 Mln
    Chinese developer SOHO China Ltd said it would buy an office and commercial project in Changning District in Shanghai for 2.14 billion yuan ($338.88 million) as it aims to raise its profile in Shanghai's major business districts.
  • Europe's Old Wealth Seeks New Home in Asia [PHOTOS]
    In the 1470s, the prominent Spinola family of Genoa had an apprentice business agent in Barcelona named Christopher Columbus helping to handle their shipments, preparing the young sailor for his later voyages of discovery to the New World.
  • China's Noah to Launch Up to $2.9 Bln Real Estate Fund
    China's Noah Holdings Ltd , a distributor of wealth management products to high-networth individuals, plans to launch a real estate fund worth as much as 18 billion yuan ($2.85 billion) as cash-strapped developers seek alternatives to bank lending, the Shanghai Securities News reported on Tuesday.
  • Tax Day Freebies 2012: 14 Free Offers and Deals for Tax Payers Until IRS Deadline on April 17
    Tuesday, April 17, 2012 is Tax Day, marking the deadline for filing federal taxes with the Internal Revenue Service (IRS). While the day can be stressful, many companies offer free or discounted merchandise on Tax Day, which can subside some of the anger procrastinators can be feeling while squeaking through the deadline. Here is a list of some of the freebies you can snag on Tax Day 2012.
  • How Tax Pros handle their Own Taxes
    How Tax Pros handle their Own Taxes Do accountants do a better job of filing their own taxes? Ask Elaine Smith, a master tax adviser at H&R Block's Kansas City office how she's doing with her own returns this tax season, and she laughs: "What is it they say? The cobbler's kids always go without shoes.
  • Donald Trump Jr Shrugs Off Falling Condo Glass
    Falling glass won't derail sales at Donald Trump's first foray into Toronto's red-hot condo market, with buzz from the adjoining five-star Trump hotel expected to boost sales of the luxury units, the property mogul's son said on Monday.
  • UK Property Prices Hit Record High in April
    Average asking price for UK homes hits all-time high, according to Rightmove. UK Property Prices Hit Record High in April The average asking price for a property in UK hit an all-time high in April, according to the latest data released by Rightmove.
  • World Bank Selects Jim Yong Kim As President
    The World Bank on Monday selected Jim Yong Kim as its next president. The World Bank presidency has gone to a U.S. candidate since the organization was founded at the Bretton Woods conference.
  • Home Builder Sentiment Cools in April: NAHB
    Homebuilder sentiment ebbed in April for the first time in seven months as prospective buyers remained hesitant to pull the trigger, the National Association of Home Builders said on Monday.
  • Futuristic and Eco-Friendly: A Tiny Home that Transforms into 24 Rooms
    Architect Gary Chang in Hong Kong, where apartments are small and expensive due to lack of space, has turned his 330-square-foot apartment into 24 ‘rooms’ via a unique sliding wall system.
  • Singapore New Home Sales Dip Slightly in March From Feb
    New private home sales in Singapore dipped slightly in March from February but remained high by historical norms, indicating continued strong demand for apartments in the city-state despite measures to cool the housing market.
  • Lend Lease, CPPIB Likely Suitors For Australia Assets-Source
    Australian fund manager QIC, Lend Lease and the Canada Pension Plan Investment Board (CPPIB) are expected to be the main suitors for stakes worth A$665 million ($689.57 million) in Centro Retail Australia's shopping malls, a source close to the transaction said.
  • Strong Monthly Property Sales in New Zealand
    Last month saw strong sales growth in the residential housing market in New Zealand with the volume of sales is up by 25.3% compared with the same time last year, the best monthly result the market has recorded since November 2007.
  • Qatar Fund to Buy Hotels in Sardinia
    Qatar Holding, the investment arm of the gas-rich Gulf nation's sovereign wealth fund, is set to unveil a deal in the property and leisure sector in the Italian island of Sardinia including a clutch of luxury hotels, a source close to the matter said.
  • High Demand For Affordable Homes in Vietnam
    Vietnam is seeing a high demand for low cost housing but property price rises are one of the biggest obstacles to this fast growing sector, according to analysts
  • Dexus Sells U.S. Assets to Blackstone For $770 Mln
    Australia's Dexus Property Group is selling 65 of its U.S. industrial properties to affiliates of Blackstone Real Estate Partners VII for $770 million and plans a share buyback with the proceeds from the sale, Dexus said on Monday.
  • Ritz-Carlton Laguna Niguel Offers Best Southern Californian Luxury Beach Vacation
    Ritz-Carlton Laguna Niguel at Dana Point, California is one of their premium properties which has been renovated recently. It is a luxurious ocean front resort and provides its guests access to three miles of beach. It is an ideal destination for a luxury beach vacation this summer.
  • Top 10 Richest Countries in World: Forbes’ Magazine List [SLIDESHOW]
    Forbes magazine released the list of the wealthiest countries based on their gross domestic product (GDP) at purchasing power parity per capita, the value of all final goods and services produced within a country in a given year. Checkout the list to see who made it to the list.
  • Wells Fargo Reports Higher Profit on Mortgage Gains
    A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses.
  • Vornado Realty Trust Says: "Everything's on the Table"
    Vornado Realty Trust , facing criticism from investors over its lackluster share price, said it is mulling an array of options including selling its stake in Toys R Us, buying back shares, and even breaking up the real estate investment trust.
  • Next Merrill Exodus May Come From Legacy BofA Brokers
    Hundreds of legacy Bank of America brokers may form the next wave of departures from Merrill Lynch after many recently pocketed their retention bonuses, recruiters and former brokers say.
  • Tornado Hits Oklahoma, Start of Expected Weekend Outbreak [PHOTOS]
    Forecasters are warning of a major tornado outbreak in Kansas and Oklahoma this weekend, and Oklahoma got a first taste of it on Friday as a twister touched down near the National Weather Service office in Norman.
  • Two Mild Earthquakes Hit India: Report
    Two mild tremors were felt in India, measuring 4.5 and 4.9 on the Richter scale, in the west Indian states of Gujarat and Maharashtra, officials confirmed.
  • Belfast In Ireland: Where Titanic Was Built And Where The Doomed Liner Is A Taboo [PHOTOS]
    As the world commemorates the 100th anniversary of the sinking of the Titanic April 15, a city in Ireland is striving to curb the taboo associated with the doomed ship
  • ACT Named as Australia’s Building Hotspot
    The Australian Capital Territory and Victoria were the building and population hotspots in Australia in 2010/11, according to new research from the Housing Industry Association, the voice of Australia's residential building industry.
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