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Real Estate Development

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  • MADRID, Dec 14- On a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network. Spain is building again after seven years of a crushing downturn in the construction sector with investment in...

  • Toll Brothers misses 4Q profit forecasts Wednesday, 10 Dec 2014 | 6:50 AM ET
    A worker stands near a home under construction at the Toll Brothers Inc. Jupiter Country Club housing development in Jupiter, Florida.

    Toll Brothers on Wednesday reported profit of $131.5 million in its fiscal fourth quarter.

  • NYC considers mansion tax hike to raise funds Wednesday, 19 Nov 2014 | 7:06 PM ET
    One57, a new luxury skyscraper apartment building on New York City's West 57th street.

    In order to raise revenue for May Bill de Blasio's affordable housing plan, the city is considering a raise on the tax rate for high end real estate.

  • Cash for grass changes landscape in Calif. drought Wednesday, 12 Nov 2014 | 10:35 AM ET
    Drought resistant garden.

    A rebate for property owners to switch lawns in drought-ridden California is gaining traction. But it's a mixed bag for landscapers.

  • London icon's new lease on life  Friday, 7 Nov 2014 | 9:00 AM ET
    Battersea power station

    CNBC's Phil Han reports from the Battersea Power Station and finds out more about this multi-billion dollar redevelopment of the site.

  • OTTAWA, Oct 30- A major electricity transmission project linking the Canadian province of Quebec with New York City has cleared a significant hurdle, opening the door to construction within a year, the executive behind the proposal said on Thursday. Don Jessome, chief executive officer of Albany- based Transmission Developers Inc., said a U.S. presidential...

  • Has Singapore's property bubble already burst? Tuesday, 28 Oct 2014 | 7:15 PM ET

    Despite dire predictions of sharp drops, Singapore's property prices don't seem to have budged much, but statistics may mask trouble in the market.

  • Chinese developers roll out gimmicks as sales slump Thursday, 23 Oct 2014 | 10:49 PM ET

    HONG KONG, Oct 24- Chinese developers are turning to offbeat marketing gimmicks and give-aways as they battle to shift massive inventories of unsold homes and survive the country's biggest economic slowdown since the global financial crisis. China's largest residential developer China Vanke is using social media in a series of quirky campaigns which...

  • Vietnam: New darling of property markets? Thursday, 23 Oct 2014 | 6:46 PM ET

    Vietnamese property may finally be shaking off its years-long bear market to rise from the flames, with analysts pointing to rising sales and investment.

  • KHOBAR, Saudi Arabia, Oct 22- Saudi Arabia- based power and water project developer ACWA Power is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its chief executive said. The company, which plans to list its shares on the Saudi stock market, has projects operating or under construction in...

  • *To spend over 1 billion riyals on projects in 2015. RIYADH, Oct 22- Dar Al Arkan Real Estate Development Co, Saudi Arabia's largest listed developer, plans to spend over 1 billion riyals on projects in 2015 and aims for 10 percent growth of its business that year, its chairman said. While government data shows the home ownership rate among roughly 20 million Saudis...

  • CAIRO, Oct 20- SODIC, one of Egypt's largest listed real estate developers, plans to invest 2.4 billion Egyptian pounds in 2015 and is hunting for new projects as the sector recovers from three years of turmoil, its managing director said. Egypt's once-booming construction sector was hit hard by the 2011 revolt that ended Hosni Mubarak's 30- year rule but ushered...

  • TORONTO, Oct 13- While Toronto's housing boom. Canada's biggest city has more than 100,000 units under construction as developers and investors seek to cash in on condo prices that are up 25.7 percent in the city over the past five years. Glass panels have been falling off newly built Toronto condos, including the luxury Shangri-La and Trump towers and a dozen or...

  • HONG KONG, Oct 13- China's Agile Property Holdings Ltd is in talks with banks to extend a remaining bridge loan, the company said on an analyst briefing call on Monday. Shares in the Hong Kong- listed property developer slumped by more than a fifth as trading in the stock resumed following news last week that it withdrew a rights issue and that its chairman Chen Zhuo...

  • SHANGHAI, Oct 8- China's main share index hit a 20- month high in intraday trade on Wednesday, underpinned by strength in property developers after the central bank rolled out policies to boost the struggling sector. Before the week-long break, the People's Bank of China cut mortgage rates and downpayment levels for some home buyers for the first time since the...

  • Brookfield wins auction for bankrupt Revel Casino Wednesday, 1 Oct 2014 | 7:09 AM ET

    Oct 1- Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90- million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said.

  • Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • Brookfield bids for Atlantic City's Revel Casino - WSJ Tuesday, 30 Sep 2014 | 1:24 PM ET

    Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • *Tokyo government downgrades casino project. TOKYO, Sept 29- Plans to open Japan's first casino in Tokyo before the 2020 Olympics are becoming increasingly unlikely, with developers facing skyrocketing building costs and a city government that no longer considers casino development an economic priority.

  • SYDNEY, Sept 25- Adani Mining on Thursday took a step closer to the development of a A $2.2 billion coal mining project in Australia after the federal government approved construction of a rail haulage line.