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Real Estate Management & Development

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  • Power plant seeks to block Revel sale, liquidate property Thursday, 26 Feb 2015 | 12:57 PM ET

    ACR Energy Partners wants a bankruptcy court judge to cancel the latest proposed sale to a Florida developer, and appoint a trustee to liquidate the property instead. The company says the latest sale contract to Florida developer Glenn Straub would leave nothing for most creditors, and would cost the power supplier $32 million. Straub's Polo North Country...

  • Report: Surge in Chinese investment raises fraud risks Thursday, 26 Feb 2015 | 9:02 AM ET

    The U.S.-China Economic and Security Review Commission raises questions about America's EB-5 visa program, which grants green cards to foreigners in return for investments of $1 million— or just $500,000 in high-unemployment or rural areas. The commission cites the case of a real estate developer indicted last year on charges of duping 290 Chinese...

  • NEWARK, N.J.— A former Democratic power broker sold his political influence in schemes including one that involved a multibillion-dollar megamall project that has languished for more than a decade at New Jersey's Meadowlands sports complex, a federal prosecutor told jurors Thursday at the start of Joseph Ferriero's racketeering trial.

  • LOS ANGELES— From towering basketball legend Wilt Chamberlain's hillside home to downtown's towering art-deco high-rise buildings, Los Angeles is putting all its landmarks online. Fifteen years in the making, it is the joint project of The Getty Conservation Institute and the city of Los Angeles. "A city of the future has to be built on the past, and it has to be...

  • Luxury property sales took a hit last year as China's anti-corruption campaign discouraged conspicuous consumption, but buyers are now taking advantage of easier credit and a stock market rally to upgrade their homes. "It's not going to lead to a full recovery in the market," said Clement Luk, Shanghai- based chief executive officer for eastern China at property...

  • The CNBC Crowdfinance Real Estate Average Wednesday, 4 Feb 2015 | 6:00 AM ET

    This represents the largest capital commitments raised by private real estate companies actively listed on equity crowdfunding platforms.

  • $100M NYC penthouse gets 95% tax cut Monday, 2 Feb 2015 | 8:06 AM ET
    The luxury apartment tower, One57, stands out among the buildings in New York's night skyline.

    The $360,000 tax cut comes under a program to generate affordable apartments, The New York Times reports.

  • *Dubai shares end 6.8 pct higher. DUBAI, Feb 2- Dubai developer DAMAC expects the emirate's property sector to steady in 2015 before supply shortages boost prices in 2016-17, its chief executive said on Monday, after the company reported an 11 percent rise in fourth-quarter profit. "I see Dubai's property marketing stabilising in 2015, but 2016-17 there could be...

  • LONDON, Jan 26- Work has started on converting Centre Point, the towering 1960 s office building at the east end of London's Oxford Street, into luxury apartments, developer Almacantar said on Monday. The Richard Seifert- designed tower will be one of the most prominent buildings to switch from commercial to residential use in London's West End as developers cash...

  • BEIJING, Jan 26- Chinese investors are set to fork out $20 billion on offshore property this year, up 21 percent on 2014 as more domestic real estate developers and insurers internationalize their holdings, Jones Lang LaSalle Inc said on Monday. "The easing of restrictions over the last a few years by the Chinese government has... much easier for institutions as well...

  • SINGAPORE, Jan 22- Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a developer for allegedly conspiring with borrowers to inflate about S $182 million of home loans. With Singapore's real estate market on the slide, developers regularly try and court potential home buyers by offering...

  • SHENZHEN, Jan 14- As creditors circle troubled Chinese property developer Kaisa Group, it's business as usual at the company's sales office and housing projects in the southern city of Shenzhen. In a northern suburb, construction workers in yellow hats at the Kaisa City Plaza development could be seen renovating flats on Tuesday, while agents at the firm's...

  • China's upbeat housing sentiment rolls into 2015 Tuesday, 6 Jan 2015 | 2:11 AM ET

    HONG KONG, Jan 6- China's stronger-than-seasonal property sales in December point to a recovery in market sentiment thanks to looser housing and monetary policy, with the upbeat momentum expected to swing into 2015, analysts said. China's top listed residential developer China Vanke reported a 129 percent surge in sales in the last month of 2014 from a year...

  • Is Philippine property getting bubbly? Monday, 5 Jan 2015 | 5:40 PM ET

    Property prices in the Philippines have surged over the past few years, but it isn't clear puffed up valuations stack up to a bubble.

  • The start-up that acts like an office manager Wednesday, 31 Dec 2014 | 1:29 PM ET

    More than 150 start-ups are using Managed by Q to manage their offices, in lieu of a traditional office manager.

  • HONG KONG, Dec 23- The former co-chairman of Hong Kong- listed developer Sun Hung Kai Properties Ltd, Thomas Kwok, was sentenced to five years in jail and a HK $500,000 fine on Tuesday in the city's highest profile graft case. Their trial exposed the cozy relationship between the city's powerful developers and government in the former British colony, with Sun Hung...

  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting HK $8.5 million in bribes from executives of property developer Sun Hung Kai Properties Ltd, in the city's highest profile corruption case. Rafael Hui, 66, who headed Hong Kong's civil service from 2005 to 2007, was found guilty of three counts of misconduct in public...

  • MIDEAST STOCKS-Gulf markets surge on stronger oil Thursday, 18 Dec 2014 | 8:25 AM ET

    *Saudi Arabia's finance minister says state to keep spending. *UAE companies buy back cheap shares. DUBAI, Dec 18- Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

  • BEIJING, Dec 18- China's new home prices fell again in November and a business survey showed a deep drop in real estate investment plans, adding gloom to a slumping property market that has so far defied government efforts to revive it. Yu Liang, president of leading residential developer China Vanke Co said at the weekend that China now faced a housing glut that...

  • BEIJING, Dec 18- China's home prices fell in November for a third consecutive month versus year-ago levels, Reuters calculations from official data showed on Thursday, pointing to an intractable property downturn despite government efforts to energize the market. Yu Liang, president of leading residential developer China Vanke Co said at the weekend China...