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  • 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,...

  • 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,...

  • Paris approves first skyscraper in 40 years Wednesday, 1 Jul 2015 | 11:23 AM ET
    A mock-up of the Tour Triangle, Paris' first skyscraper approved in over 40 years.

    Paris has approved its first skyscraper in over 40 years, a controversial 590-foot building in the south of the city.

  • July 1- Department store Macy's Inc said on Wednesday that it would end its business relationship with Donald Trump, becoming the latest company to sever ties with the real estate developer and TV personality after his comments insulting Mexicans. "In light of statements made by Donald Trump, which are inconsistent with Macy's values, we have decided to...

  • Macy's cuts ties with Donald Trump after Mexico insults Wednesday, 1 Jul 2015 | 10:53 AM ET

    July 1- Department store Macy's Inc said on Wednesday that it would end its business relationship with real estate developer and TV personality Donald Trump after his comments insulting Mexicans, including phasing out the Trump line of menswear. "Macy's is a company that stands for diversity and inclusion. "In light of statements made by Donald Trump, which are...

  • China's big ambitions stumble at Bahamas resort Tuesday, 30 Jun 2015 | 3:02 PM ET

    Nassau, Bahamas/ Beijing June 30- China's push to extend its influence in the Western Hemisphere has hit an embarrassing setback at an unfinished, $3.5 billion resort and casino project in the Bahamas. And on Monday, Baha Mar Ltd, developer of the 2,323 room resort located along Cable Beach near downtown Nassau, filed for voluntary bankruptcy protection in a...

  • *NBC drops' Miss USA' and' Miss Universe' pageants. June 29- NBC cut ties with U.S. presidential candidate Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday after the real estate developer and TV personality made comments insulting Mexicans earlier this month. The decision by Comcast Corp- owned NBC was announced four days after Spanish-language...

  • Have Singapore’s luxury homes hit rock bottom? Wednesday, 17 Jun 2015 | 10:01 PM ET
    A private condominium stands above a Chinese temple next to the business district in Singapore.

    Overbuilding in Singapore's luxury homes spurred a flurry of doomsday scenarios, but prices may have already bottomed, with buyers starting to nibble.

  • Bubbly, anyone? The Sydney property debate Thursday, 11 Jun 2015 | 8:28 PM ET

    Sydney home prices may have surged, but even Australia's top policy makers can't agree on whether the market is a bubble.

  • HONG KONG, June 12- Internet financing, a fast-growing source of funding for small companies and start-ups, is finding an unlikely new class of customer in China- billion-dollar real-estate developers having a tough time securing loans from traditional sources. Before China's property market hit the skids in early 2014, developers relied heavily on the...

  • Abu Dhabi ruler issues law to regulate property market Thursday, 11 Jun 2015 | 4:50 AM ET

    DUBAI, June 11- Abu Dhabi's ruler has issued a decree to regulate and improve transparency in the emirate's real estate sector, requiring brokers and developers to be licensed and introducing rules to protect buyers of projects that are not yet completed. Sheikh Khalifa bin Zayed al-Nahyan, who is also president of the United Arab Emirates, said Abu Dhabi would...

  • *China approves nearly 2 tln yuan of projects in year. SHANGHAI, May 22- The concrete building shells, attended by motionless cranes and piles of rubbish, were supposed to be an affordable housing project for nearly 40,000 Shanghai residents, but now stand testament to China's slowing economy. Though China has since the start of last year given the green light to...

  • MELBOURNE, May 13- London copper edged down on Wednesday ahead of data on factory activity in China, but losses were limited as the country's real estate developers pledged to boost investment after an interest rate cut, brightening the prospects for copper demand. *The most-traded July copper contract on the Shanghai Futures Exchange climbed by 0.6 percent to...

  • This city may lose its skyscraper crown Wednesday, 22 Apr 2015 | 12:33 AM ET
    New York's One World Trade Center, the tallest building in the Western Hemisphere

    Skyscraper rents in Hong Kong are still the world's highest, but the city is in danger of losing its crown to New York, Knight Frank said.