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Real Estate Development

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  • 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 the St. Louis Rams in a 2014 NFL game.

    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.

  • How London is looking more like… Singapore Thursday, 25 Dec 2014 | 6:04 PM ET
    A banner advertising new 'Luxury' apartments in the East End of London.

    London's residential property is changing, with new developments increasingly offering the condominium-style living typical in some other parts of the world.

  • 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...

  • 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...