Construction Real Estate Management & Development

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  • CHICAGO, May 2- China's largest commercial property company, Dalian Wanda, and a Chicago real estate developer on Monday announced they will build a $900 million skyscraper, the largest-ever real estate investment by a Chinese company in Chicago. Last week, affiliates of Chicago- based Magellan Development Group and Beijing- based Wanda Group completed a land...

  • Serge Pun, the 63- year-old project developer and one of Myanmar's richest men, says his Landmark development- which includes office, residential and hotel space- has been strangled by red tape and costly delays all because of his adherence to clean business. Companies and international agencies have long identified corruption and a lack of transparency as...

  • Serge Pun, the 63- year-old project developer and one of Myanmar's richest men, says his Landmark development- which includes office, residential and hotel space- has been strangled by red tape and costly delays all because of his adherence to clean business. Companies and international agencies have long identified corruption and a lack of transparency as...

  • Anadolu Holding, which has interests in banking, retail and brewing, plans to venture into real estate with two developments in Istanbul this year, while Aksoy Holding, an energy-to-tourism conglomerate, is building a luxury residential complex on the Aegean coast and plans another project in Istanbul. Construction lies close to heart of President Tayyip...

  • STOCKHOLM, April 20- Swedish construction company Skanska plans to expand its commercial property development business in the United States, betting interest rates won't rise fast enough to dent strong investor demand for high-yielding real estate. Skanska's U.S. chief Richard Cavallaro said the company's goal this year was to identify which U.S. cities...

  • April 13- A Donald Trump presidency would be bad for corporate dealmaking, according to a global survey of people who advise companies on mergers and acquisitions, or M&A. The New York real estate developer prides himself on his ability to make good deals, and M&A professionals in the United States were less concerned about his impact on business than their peers...

  • *Part of 10- year, $9 bln plan to redevelop ageing area. TOKYO, April 13- Japan's Mori Building Co said on Wednesday it would spend about 400 billion yen on constructing three high-rise towers as part of a grand plan to redevelop a central Tokyo district, and may seek a partner to fund the project. "This area is scattered with smaller and older buildings and tenants have...

  • LOS ANGELES, April 8- In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy. Among the deals now in question is a solar plant under construction for the central Texas community of Georgetown. And last month, TerraForm Global- a related company set up to own...

  • *Debt-heavy SunEdison looking to sell India assets. MUMBAI, April 7- The likely collapse of SunEdison Inc's solar project in India, the first of 32 planned "ultra mega" complexes, could delay Prime Minister Narendra Modi's goal to increase renewable energy fivefold by several years and probably cost consumers more. India plans to auction more of the "ultra mega"...

  • The health of the US housing market

    Mohamed Mansour, co-chairman of Mansour Group and chairman of Man Capital, talks about building and investing in U.S. real estate.

  • BEIJING, March 9- The world's first Westinghouse AP1000 nuclear reactor will go into operation in June next year, more than three years behind the original schedule, the head of China's leading state nuclear project developer said. "We are forecasting that if everything goes smoothly, the first unit will go into operation in June 2017, and the second unit at the end...

  • BEIJING, March 9- The world's first Westinghouse AP1000 nuclear reactor will go into operation in June next year, more than three years behind the original schedule, the head of China's leading state nuclear project developer said. "We are forecasting that if everything goes smoothly, the first unit will go into operation in June 2017, and the second unit at the end...

  • DUBAI, March 8- Dubai developers are pressing ahead with their construction plans despite expectations that property prices will fall yet further this year, undaunted by memories of a 2008 crash. But others worry about ripple effects from the dive in oil prices, even though Dubai is a small crude producer compared with fellow emirate Abu Dhabi, and wonder how all...

  • *Kashmir tunnel project had been awarded to IRB in January. NEW DELHI, March 2- India's transport minister Nitin Gadkari has cancelled a contract to build a $1.5 billion tunnel in the Himalayas, after opposition politicians alleged irregularities in the bidding for India's most expensive road project. IRB Infrastructure Developers Ltd won the right to build...

  • NEW YORK, March 1- Add the juggernaut that is Donald J. Trump to the list of what-ifs that is worrying Wall Street. A growing realization that the unpredictable New York real estate developer is in a position to win the Republican nomination and then battle Hillary Clinton for the White House in November's election has caused some investors to sell U.S. stocks.

  • Consumers are very resilient: CEO

    David Fischel, CEO of Intu, talks about the strength of the U.K. consumer, their spending patterns and shares his outlook for U.K. retail.

  • STOCKHOLM, Feb 4- Construction firm Skanska reported on Thursday a stronger fourth-quarter profit than expected, helped by divestments at its commercial property development unit, but said some U.S. clients had delayed building orders recently. Skanska, for which the United States is its biggest market, reiterated a 12- month outlook for an overall positive...

  • Jan 28- A Boston- area real estate developer was found guilty on Thursday of engaging in insider trading based on a tip about a merger a bank executive passed him on cocktail napkin over drinks at a country club. Robert Bray, 78, was convicted by a federal jury in Boston on one count of securities fraud for illegally trading on a tip in 2010 that Eastern Bank Corp would...

  • *Builders' profit margins squeezed by rising land prices. HONG KONG, Jan 21- Chinese real estate developers plan to acquire more land outside the primary market- purchasing from other companies and through redevelopment- as escalating land costs crimp profit margins. China's property market bottomed late last year with prices recovering in the biggest cities...

  • HONG KONG, Jan 19- China's property investment growth eased to 1 percent in 2015, the slowest in nearly seven years even as national sales improved, and the pace will likely turn negative this year as developers slow new construction due to oversupply. Real estate investment, a major driver of the economy which affects more than 40 other sectors from cement to...