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Real Estate Management & Development Real Estate Development

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  • New buyer found for iconic Allentown soda brand A-Treat Thursday, 23 Jul 2015 | 6:06 AM ET

    ALLENTOWN, Pa.— A prominent local developer is hoping to revive Allentown's A-Treat soda, which abruptly shut down in January after nearly a century of production. The Morning Call newspaper reports Orefield turkey farmer and real estate developer David Jaindl is acquiring A-Treat's brand name, trademark, flavor formulas and related intellectual property.

  • New Bedford developer drops out of casino competition Wednesday, 22 Jul 2015 | 5:15 PM ET

    BOSTON— Developers of a planned Foxwoods casino for the New Bedford waterfront abruptly backed out of the competition for Massachusetts' final resort casino license on Wednesday, citing an inability to secure financing for the projected $650 million project. KG Urban Enterprises partner Barry Gosin said in a letter to the Massachusetts Gaming Commission...

  • 52-story tower proposed on former Trump site in Tampa Wednesday, 22 Jul 2015 | 3:01 AM ET

    TAMPA, Fla.— Ten years after Donald Trump announced plans for a 52- story tower on the Hillsborough River, a developer has filed plans for a 52- story tower on the same site. The Tampa Bay Times reports that when Trump sued SimDag for failing to pay licensing fees, it was revealed that the Trump name was about all he'd invested in the project. Information from: Tampa Bay...

  • ATLANTIC CITY, N.J.— An AC Devco board member says the developer is courting Stockton University and South Jersey Gas to anchor the Gateway redevelopment project at the site of the old Atlantic City High School. The Press of Atlantic City reports the Casino Reinvestment Development Authority approved the redevelopment plan Monday. He says plans for South...

  • WILMINGTON, Del., July 20- The Chinese company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the project, which is nearly complete and seen as vital to the former British colony's fragile economy. A completed resort would employ more than 5,000 people in the Bahamas, where the unemployment...

  • July 20- The Chinese construction company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the unfinished project. Bankruptcy Judge Kevin Carey during a hearing in Wilmington, Delaware. Baha Mar Ltd, led by developer Sarkis Izmirlian, filed for bankruptcy protection in the Delaware court...

  • July 16- The troubled $3.5 billion Baha Mar resort project in the Bahamas is preparing to wind down operations and cut more than 2,000 jobs if the developer fails to strike a deal quickly with its main lender, China's Export Import Bank, according to U.S. bankruptcy court filings. But after missing that deadline, a cash crunch forced Izmirlian's Baha Mar Ltd to file...

  • July 10- The developer of the unfinished $3.5 billion Baha Mar mega resort in the Bahamas has accused China Construction America of cutting power to the work site, inflating expenses and trying to steal documents stuffed in suitcases, U.S. court filings show. Baha Mar Ltd, the project's developer, detailed its allegations in court filings on Thursday as part of...

  • BAHAMAS DEVELOPER OF $3.5 B MEGA RESORT BAHA MAR ACCUSES CHINESE CONSTRUCTION FIRM OF CUTTING POWER TO UNFINISHED PROJECT- COURT FILINGS.

  • DEVELOPER OF BANKRUPT PROJECT SAYS IT SUSPECTS CONSTRUCTION FIRM OF REMOVING ESSENTIAL DOCUMENTS FROM WORK SITE-FILINGS.

  • CHINA CONSTRUCTION SAYS DEVELOPER CONTINUES TO SPREAD' FALSE AND MISLEADING ALLEGATIONS'-STATEMENT.

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday broke its silence and accused the developer of mismanaging the project's design and not securing adequate financing. Construction delays, funding squabbles, lagging inspections and faulty work at the Nassau resort have led to finger...

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday accused the project's developer of mismanaging its design. "Baha Mar Ltd's decision to file for bankruptcy protection is the direct result of its failure to secure adequate financing and its mismanagement of the design of Baha Mar resort...

  • CHINA STATE CONSTRUCTION SAYS DEVELOPER OF BAHA MAR RESORT MISMANAGED PROJECT'S DESIGN.

  • BEIJING, July 6- Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. This cannot be a cure-all for China's huge supply overhang. Low-income households gain from a bigger supply of subsidized homes, the...

  • Mattress maker Serta next in line to dump Trump Thursday, 2 Jul 2015 | 11:36 AM ET

    July 2- U.S. mattress maker Serta said it would not renew its licensing agreement with the Trump Organization, the latest company to distance itself from real estate developer and TV personality Donald Trump, after his comments insulting Mexicans. Department store chain Macy's Inc said on Wednesday it would phase out Trump's line of menswear, while Comcast...

  • ADDIS ABABA, July 2- A property boom in Ethiopia's capital is putting pressure on the government to keep homes affordable for some of Africa's poorest people who also live in one of its fastest-growing economies. Smart flats and hotels in mirror-glass buildings rise up in areas of Addis Ababa where shacks once stood. If I had enough money, I would buy more, "said...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • WILMINGTON, Delaware, July 1- The bankrupt $3.5 billion Baha Mar mega resort in the Bahamas secured up to $30 billion in interim financing on Wednesday, but it was unclear when construction on the stalled project would resume. Baha Mar's developer, Sarkis Izmirlian, the son of Armenian billionaire Dikran Izmirlian, has agreed to arrange the funding.

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...