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.» Read More
KETCHUM, Idaho— An alternative energy company has applied for a 50- year state lease to build a $2 million, 50- acre solar project in central Idaho. Idaho Department of Lands spokeswoman Emily Callihan said the department is interested in working with Sagebrush Solar. If approved, the project would be the first of its kind on state endowment lands in Idaho.
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.
As home builders try to gain more business, more will be going after the entry-level buyer, real estate expert Bradley Hunter told CNBC Wednesday.
Sales of US new homes soar in August South Korea to buy 40 F-35A fighter jets US stocks edge higher in early trading GM says China sales this year to top 3.1 million Ahead of the Bell: US new-home sales Air France sticks to low-cost plan despite strike Wal-Mart launching mobile checking account Island to get 1st German drone delivery service Merrimack, Baxter to collaborate on cancer drug Acorda to buy developer of Parkinson's treatment
Sales of US new homes soar in August South Korea to buy 40 F-35A fighter jets US stocks edge higher in early trading GM says China sales this year to top 3.1 million Ahead of the Bell: US new-home sales Air France sticks to low-cost plan despite strike Wal-Mart launching mobile checking account Island to get 1st German drone delivery service Acorda to buy developer of Parkinson's treatment Anti-addiction groups call for new FDA chief
SAN JUAN, Puerto Rico— Puerto Rico's government on Thursday announced the construction of a $108 million real estate project as the island tries to emerge from a nearly decade-long economic slump with help from U.S. investors.
HONG KONG, Sept 18- China shares held onto slim gains on Thursday, as a jump in banking stocks outweighed falling property developers hurt by weak housing data. Gemdale Corp shed 2.9 percent, while Poly Real Estate Group lost 0.9 percent.
HONG KONG, Sept 17- China shares ended higher on Wednesday, reversing earlier losses, supported by machinery firms and property developers that were buoyed by Premier Li Keqiang's plans on urbanization.
HONG KONG, Sept 4- China shares rose for a fifth straight day on Thursday, boosted by strength in real estate developers after Reuters reported Beijing is relaxing financing rules for listed property firms.
Chinese company Landsea is putting $1 billion into the site of 200 condos in New Jersey. CNBC's Diana Olick has the details.
With four casinos shutting down in Atlantic City by October, New Jersey is suddenly awash in plans for, well, more casinos. The NYT reports.
WILLISTON, Aug 18- A subsidiary of real estate developer The Prime Group Inc said on Monday it plans to build a $150 million convention center in Williston, North Dakota, aiming to supply a world-class meeting space for the fast-growing oil boom community.
Home ownership rates in will likely fall to levels last seen in the 1980s as millennials wait longer to form households, DoubleLine's Gundlach said.
*Greentown China plunges on profit warning. HONG KONG, Aug 5- Hong Kong and China shares slipped on Tuesday after a survey showed growth In China's services sector fell to a record low, with property developers the main underperformers.
CALGARY, Alberta, Aug 4- Canexus Corp, the developer of Canada's first dedicated oil train terminal, has embraced the crude-by-rail boom with little success so far. The company's Bruderheim terminal, 55 kilometers northeast of Edmonton, Alberta, is one of seven unit train terminals operating or under construction in Western Canada.
HONG KONG/ SHANGHAI, Aug 4- China shares regained momentum on Monday on positive market comments from the country's top securities regulator, while gains in Hong Kong were restrained by weak property developers.
*COGO H1 net profit down 31 pct, cuts FY sales target 22 pct. HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.
HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.
HONG KONG, July 30- Hong Kong's benchmark index climbed to fresh 3-1/ 2- year highs on Wednesday, with major property developers leading the rise as investors bet on a solid performance for first-half earnings. Hong Kong's property sub-index climbed to a 14- month high with Cheung Kong Holdings and Sun Hung Kai Properties leading the rise.
HONG KONG, July 29- Hong Kong's benchmark index ended at its highest in more than 3-1/ 2 years on Tuesday, as gains accelerated in the afternoon with property developers strong ahead of interim earnings. The Hang Seng Index closed up 0.9 percent at 24,640.53 points, its highest since November 2010.