Staff Reporter

  • World’s Largest Holiday Inn Debuting at Sands Cotai Central
    IHG (InterContinental Hotels Group) unveils the world's largest Holiday Inn, the 1,224-room Holiday Inn Macao Cotai Central today, with the opening of Sands Cotai Central, the latest Sands China Ltd. integrated resort on Macao's Cotai Strip.
  • Billionaire Adelson Plans $35 Billion Casino-Resort in Spain
    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.
  • Indonesia Tsunami Warning 2012: 8.7 Earthquake, Huge Aftershock Strike Fear On Wednesday [VIDEO]
    On Wednesday an 8.7 magnitude earthquake struck right off the waters of Indonesia. The huge quake could be felt in Singapore, Thailand and India. In 2004, a 9.1 magnitude earthquake struck Indonesia, setting off a tsunami. Over 226,000 people in Sri Lanka, Thailand, Indonesia, India and nine other countries were killed, reports CNBC. The latest earthquake has set fears of a Tsunami in residents.
  • Global Commercial Sales Property Market Volumes Down
    Direct commercial property transaction volumes reached $75 billion in the first quarter of 2012, down 23% year on year, but real estate fundamentals remain attractive despite continuing economic uncertainty, according to the latest market report from Jones Lang LaSalle.
  • Mortgage Rates Rising in the UK
    Average rates across two and five year fixed products for property borrowers in the UK have crept up, according to a new analysis of available rates.
  • Singapore Office Rents Fall Up to 8.8% in Q1: Colliers
    Singapore office rents declined as much as 8.8 percent in some parts of the city-state in the first quarter, hurt by the weaker global economic outlook that led firms to hold back their expansion, real estate consultants Colliers International said.
  • Mortgage Applications Fall; Rates Ease: MBA
    Applications for home mortgages faded last week after as demand for refinancing declined, an industry group said on Wednesday.
  • Indonesia Earthquake 2012 : New Tsunami Warning Issued, Chaos and Panic on Indonesian Streets
    New tsunami warnings issued after a strong aftershock with a magnitude of 8.2 hit the western coast of Indonesia.
  • Indonesia Earthquake 2012 : USGS Says Less Chance of Tsunami; No Casualties Reported
    A geophysicist with the US Geological Survey has said it was unlikely that a tsunami would be generated given that this type of earthquake that largely involved the horizontal movement of the earth's blocks, does not produce a column of water that could cause a tsunami.
  • Australian House Prices Seen Bottoming Out
    A downturn in Australia's house prices may be bottoming out, with prices likely to fall slightly this year then rise by March 2014 due to strong demand for inner city houses and a healthy market in mining state Western Australia, a survey said.
  • Charter Hall REIT Acquires Perth's Wanneroo Shopping Center
    Charter Hall Retail REIT (ASX:CQR) (the 'REIT') has announced that it is in the tail-end of acquiring Wanneroo Central Shopping Centre in Perth, Western Australia for $70 million.
  • NY Pushes Objection to BofA $8.5 BIL Mortgage Pact
    Bank of America Corp's proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York's attorney general, who said the accord appears unfair to investors who may deserve to recover more.
  • Housing Group Files Bias Complaint Against Wells Fargo
    A nonprofit group on Tuesday filed a discrimination complaint with the U.S. government accusing Wells Fargo & Co. of a failure to maintain foreclosed homes in minority neighborhoods compared with those vacant properties it owns in white areas.
  • China Beijing Q1 Average Home Price Down 19.4%
    The small rebound China's property market saw in March wasn't enough to save a dismal first quarter for the sector. The average price of new homes in Beijing fell nearly 20 percent in the first quarter, as the government's cooling policies continue to weigh on the market. Sales rebounded marginally but experts say it wasn't enough to change the direction of the downward trend.
  • Le Belvedere Mansion in Bel Air Listed For Sale For $85 Million
    The Le Belvedere mansion, one of the most majestic luxury mansion in Bel Air, is now put on the market for sale for $85 million.
  • Revel Atlantic City: What The New Hotel Means For Atlantic City
    Take a peek inside the brand new Revel Atlantic City. While the word "Revel" means to take great pleasure or delight in, Atlantic City has been lacking entertainment recently that makes people embrace the true definition of the verb.
  • Japan's Mitsui Fudosan Targets Europe For $6.1B Real Estate Expansion
    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.
  • Rents Rise While Property Values Continue to Fall in the United States
    Median residential property rents in the United States increased 2% from February 2011 to February 2012, but home values continued to fall, declining 4.5% during that period, according to the latest Zillow Real Estate Market Reports.
  • PGA Masters Champ Bubba Watson To Sell $1.45 Million North Carolina Home
    The 2012 Masters champion Bubba Watson will be selling his North Carolina lake house for an asking price of $1.45 million in order to rent a home in Orlando, Fla. where he and his wife Angie can take care of their newly adopted son Caleb, according to Forbes.
  • Fastest-Growing Emerging Cities Of The World [PHOTOS]
    The Knight Frank "Wealth Report 2012" has marked seven cities as the world's fast-growing cities to watch in 2050, based on their potential for creating new market opportunities for local as well as global companies.
  • New Scheme to Protect Tenants' Money in Scotland
    A compulsory scheme to safeguard millions of pounds in deposits paid by tenants renting properties in Scotland has been approved by Housing Minister Keith Brown.
  • Prime Central London Rents Fall Six Months in a Row Due to Poor City Job Prospects
    Low hiring activity and weakening job prospects in the City's financial and business services sector appear to be at the heart of recent price falls in prime central London's rental market. Liam Bailey, Head of Knight Frank Residential Research, examines the figures.
  • HK Tycoon Makes Brief Stop at Anti-Graft HQ
    A Hong Kong property billionaire and former government official baffled journalists covering one of the city's biggest corruption scandals on Tuesday, driving up to the anti-graft agency's offices and leaving within minutes.
  • Consumer Watchdog Considers Rules on Mortgage Servicing
    The new U.S. consumer watchdog plans to issue rules this summer to crackdown on the practice of banks and other lenders forcing expensive homeowners insurance on borrowers.
  • REFILE-NY Equities Boss Pleads Guilty in $66 Mln Mortgage Fraud Case
    The president of a New York brokerage firm pleaded guilty on Monday to conspiracy in a $66 million mortgage fraud scheme -- the latest victory in U.S. President Barack Obama's campaign against financial fraud.
  • Empire State Building IPO Could Bring Big Tax Bill
    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.
  • In foreclosures, Occupy Groups See a Unifying Cause
    In foreclosures, Occupy groups see a unifying cause Mercedes Robinson-Duvallon turned 83 in February, but there was little time for celebration. On her birthday, as she sat in a wheelchair recovering from surgery, sheriffs' deputies arrived to evict her from the Miami home where she has lived since 1966.
  • Monitor Begins Work Overseeing $25 Billion Mortgage Pact
    The man charged with making sure banks comply with a $25 billion mortgagesettlement has a website, one employee and subleased space in a Raleigh, North Carolina, office tower.
  • Plaza Hotel May Sell For $600M To India's Sahara Group
    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 ...
  • Feature : In Foreclosures, Occupy Groups See a Unifying Cause
    Feature : In Foreclosures, Occupy Groups See A Unifying Cause Feature : In Foreclosures, Occupy Groups See a Unifying Cause Mercedes Robinson-Duvallon turned 83 in February, but there was little time for celebration.
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