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Real Estate Management & Development

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  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • WILMINGTON, Delaware, July 1- The bankrupt $3.5 billion Baha Mar mega resort in the Bahamas secured up to $30 billion in interim financing on Wednesday, but it was unclear when construction on the stalled project would resume. Baha Mar's developer, Sarkis Izmirlian, the son of Armenian billionaire Dikran Izmirlian, has agreed to arrange the funding.

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • FRANKFORT, Ky.— Lawyers for a Christian ministry building a Noah's ark theme park said Wednesday that Kentucky officials violated First Amendment religious protections when they denied the project a tax incentive worth millions. Answers in Genesis, developer of the 510- foot wooden ark in central Kentucky, is suing to get back into the tourism incentive...

  • July 1- Department store Macy's Inc said on Wednesday that it would end its business relationship with Donald Trump, becoming the latest company to sever ties with the real estate developer and TV personality after his comments insulting Mexicans. "In light of statements made by Donald Trump, which are inconsistent with Macy's values, we have decided to...

  • Macy's cuts ties with Donald Trump after Mexico insults Wednesday, 1 Jul 2015 | 10:53 AM ET

    July 1- Department store Macy's Inc said on Wednesday that it would end its business relationship with real estate developer and TV personality Donald Trump after his comments insulting Mexicans, including phasing out the Trump line of menswear. "Macy's is a company that stands for diversity and inclusion. "In light of statements made by Donald Trump, which are...

  • China's big ambitions stumble at Bahamas resort Tuesday, 30 Jun 2015 | 3:02 PM ET

    Nassau, Bahamas/ Beijing June 30- China's push to extend its influence in the Western Hemisphere has hit an embarrassing setback at an unfinished, $3.5 billion resort and casino project in the Bahamas. And on Monday, Baha Mar Ltd, developer of the 2,323 room resort located along Cable Beach near downtown Nassau, filed for voluntary bankruptcy protection in a...

  • *NBC drops' Miss USA' and' Miss Universe' pageants. June 29- NBC cut ties with U.S. presidential candidate Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday after the real estate developer and TV personality made comments insulting Mexicans earlier this month. The decision by Comcast Corp- owned NBC was announced four days after Spanish-language...

  • KINGSTON, Jamaica— The developer of a $3.5 billion hotel-and-casino project under construction in the Bahamas announced Monday that it has filed for U.S. Baha Mar Ltd. said the U.S. filings were being done "voluntarily" in an effort to complete construction and open the megaresort touted as the most expensive project ever undertaken in the Bahamas.

  • DUBAI, United Arab Emirates— An indebted Dubai real estate developer says it will repay more than half a billion dollars in money owed to banks and trade creditors as part of its financial restructuring. The state-controlled company, Limitless, said Monday that more than 90 percent of the $564 million it will repay will go toward its bank debt, which represents 42...

  • HONG KONG, June 12- Internet financing, a fast-growing source of funding for small companies and start-ups, is finding an unlikely new class of customer in China- billion-dollar real-estate developers having a tough time securing loans from traditional sources. Before China's property market hit the skids in early 2014, developers relied heavily on the...

  • Abu Dhabi ruler issues law to regulate property market Thursday, 11 Jun 2015 | 4:50 AM ET

    DUBAI, June 11- Abu Dhabi's ruler has issued a decree to regulate and improve transparency in the emirate's real estate sector, requiring brokers and developers to be licensed and introducing rules to protect buyers of projects that are not yet completed. Sheikh Khalifa bin Zayed al-Nahyan, who is also president of the United Arab Emirates, said Abu Dhabi would...

  • *China approves nearly 2 tln yuan of projects in year. SHANGHAI, May 22- The concrete building shells, attended by motionless cranes and piles of rubbish, were supposed to be an affordable housing project for nearly 40,000 Shanghai residents, but now stand testament to China's slowing economy. Though China has since the start of last year given the green light to...

  • MELBOURNE, May 13- London copper edged down on Wednesday ahead of data on factory activity in China, but losses were limited as the country's real estate developers pledged to boost investment after an interest rate cut, brightening the prospects for copper demand. *The most-traded July copper contract on the Shanghai Futures Exchange climbed by 0.6 percent to...

  • This city may lose its skyscraper crown Wednesday, 22 Apr 2015 | 12:33 AM ET
    New York's One World Trade Center, the tallest building in the Western Hemisphere

    Skyscraper rents in Hong Kong are still the world's highest, but the city is in danger of losing its crown to New York, Knight Frank said.

  • HONG KONG, April 15- Growth in China's real estate investment in the first quarter slowed to the lowest rate since 2009 as developers prioritized clearing inventory amid a housing glut, while the rate of fall in property sales narrowed. Growth in China's gross domestic product, of which real estate comprises about 15 percent, slowed to a six-year low of 7.0...

  • April 15- Growth in China's real estate investment eased to 8.5 percent in the first quarter from a year earlier as developers made clearing inventory their priority amid a housing glut. The rise in investment, reported by the National Bureau of Statistics on Wednesday, compared with an increase of 10.4 percent in the first two months of 2015, with the rate of...

  • Indonesia’s property tax delay: Sop to the rich? Tuesday, 14 Apr 2015 | 9:48 PM ET

    Reforms of Indonesia's easily-sidestepped luxury property taxes may be on ice, but the taxman is likely still coming for the wealthy, analysts said.

  • MOSCOW, April 14- Russian residential real estate developer Etalon said on Tuesday it expected new contract sales to decline by no more than 30 percent this year. First-quarter new contract sales fell 58 percent to 3.8 billion roubles after a buying spree in the fourth quarter of 2014 caused by the rouble depreciation. The company said that sales in the first...