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Real Estate Development

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  • High court to consider bias claim on loan guarantees Monday, 2 Mar 2015 | 10:29 AM ET

    WASHINGTON— The Supreme Court will decide whether a bank discriminated against the wives of two Missouri real estate developers by requiring them to guarantee their husbands' business loans. The justices said Monday they will hear an appeal of Valerie Hawkins and Janice Patterson, who claim the bank discriminated against them based on their marital status...

  • 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...

  • Will the Waldorf become NYC's hot new address? Thursday, 19 Feb 2015 | 11:52 PM ET

    All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.

  • 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...

  • Crowdfunding stadium re-dos. Will it work?  Friday, 13 Feb 2015 | 10:49 AM ET

    Eric Larson, CEO, Larson Realty, discusses efforts to raise money for the redevelopment of Detroit's old Tiger Stadium. Is crowdfunding the future of redevelopment?

  • 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...

  • Singapore property faces test as rates rise Thursday, 8 Jan 2015 | 9:07 PM ET

    Singapore's efforts to rein in household debt and its sky-high home prices appear set for their first test as local rates begin to rise.

  • 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.

  • St. Louis Rams owner to build NFL stadium...in LA Monday, 5 Jan 2015 | 4:57 PM ET
    Quarterback Russell Wilson #3 of the Seattle Seahawks is tackled by strong safety T.J. McDonald #25 of the St. Louis Rams and defensive tackle Aaron Donald #99 of the St. Louis Rams during the first quarter of the game at CenturyLink Field on December 28, 2014 in Seattle, Washington.

    Plans to build an Inglewood NFL stadium, led by Rams owner Stan Kroenke, may be a sign the team could return to Los Angeles.

  • China developer Kaisa fails to repay $51M loan Thursday, 1 Jan 2015 | 11:30 PM ET
    At a property trade fair in Beijing, China

    Property developer Kaisa had failed to repay a HK$400 million loan and may default on more debt, amid a downturn in the real estate sector.