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Real Estate Development

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  • 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.

  • Home builders to woo entry-level buyers: Pro Wednesday, 24 Sep 2014 | 5:15 PM ET
    Workers apply stucco at a housing development under construction in Jupiter, Fla.

    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.

  • 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.

  • China shares end higher; machinery, property firms gain Wednesday, 17 Sep 2014 | 3:06 AM ET

    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.

  • Chinese building US housing  Wednesday, 3 Sep 2014 | 1:52 PM ET

    Chinese company Landsea is putting $1 billion into the site of 200 condos in New Jersey. CNBC's Diana Olick has the details.

  • DoubleLine's Gundlach: Short homebuilder ETFs now Friday, 8 Aug 2014 | 5:47 PM ET
    DoubleLine Capital CEO Jeffrey Gundlach speaks at the Bloomberg Markets 50 Summit in New York.

    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.

  • Time to pick up 'dirt cheap' China property stocks? Thursday, 24 Jul 2014 | 6:59 PM ET

    China's slowing property market tops the list of major economic risks, but some say the sector's stocks are "dirt cheap" and now is the time to buy.

  • Why China hasn’t seen more defaults Wednesday, 23 Jul 2014 | 7:08 PM ET

    Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.

  • China developers at risk as trust funds dry up Tuesday, 15 Jul 2014 | 7:05 PM ET

    China's shadow banking firms slashed lending to property developers, potentially spelling trouble for the sector and the economy.

  • Now the World Cup is getting blamed for Tuesday, 15 Jul 2014 | 4:20 AM ET

    June's headline 73 percent plunge in Singapore's new home sales may look worrying, but some analysts are pointing the blame at the World Cup.

  • UK's pubs: Hot real estate market's latest victim Wednesday, 9 Jul 2014 | 11:07 AM ET
    A barmaid pulls a pint in The Harp pub on the day it was named as the Campaign for Real Ale's national pub of the year on February 16, 2011 in London, England.

    Rising real estate prices across the U.K. are pushing developers to close pubs and convert their locations to other uses. NBC News reports.

  • Why China property isn’t facing Armageddon Thursday, 3 Jul 2014 | 7:06 PM ET

    China's slowing property market may draw comparisons with the U.S. housing bust, but some are calling a recovery and see bargains in developer stocks.

  • Why Dubai property malaise is different this time Thursday, 26 Jun 2014 | 10:01 PM ET

    Dubai's property slowdown may call up the specter of its spectacular crash during the financial crisis, but analysts say it's different this time.

  • Taking a wait-and-see attitude on China: BNP  Tuesday, 17 Jun 2014 | 9:03 PM ET

    William De Vijlder, Vice-Chairman, BNP Paribas Investment Partners, says global investors remain concerned about China's property sector.

  • Rent valuation: It's about the bang for the buck Monday, 16 Jun 2014 | 3:00 PM ET

    While high commercial real estate rents can impede a state's growth, they can also exemplify the value of a location.