×

Construction Real Estate Management & Development

  • ATLANTIC CITY, N.J.— Bart Blatstein, the Philadelphia developer who's been buying up distressed Atlantic City properties and re-opening them, has added three more Boardwalk parcels for about $6 million. Blatstein also bought land in the Inlet district next to a new $40 million Boardwalk repair project. "It affords even more of an outdoor element for the Showboat,...

  • LINCOLN, Neb.— The developer of the Keystone XL pipeline said Thursday that it is once again seeking state approval for a route through Nebraska. The Canadian company's previous attempts to start construction in Nebraska have been thwarted by activists and some landowners who worry that it could damage property and contaminate groundwater supplies.

  • WASHINGTON— U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction. The number of new housing starts declined 2.6 percent in January to a seasonally adjusted annual rate of 1.25 million, the Commerce Department said Thursday. The drop came after a much larger gain the previous month.

  • Texas- based developer Energy Transfer Partners on Feb. 8 received approval from the Army to lay pipe under a Missouri River reservoir in North Dakota— the last remaining big section of the 1,200- mile pipeline that would move North Dakota oil to Illinois. The development was prompted by pro-energy President Donald Trump, pushed the Army to advance...

  • *Raises questions over UK Moorside project. LONDON, Feb 14- The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work. "It's a pretty challenging time and it's difficult anyway to work out how to make nuclear...

  • BEIJING, Feb 13- China's asset management association has banned registration of private equity schemes for residential property investment in 16 cities where it says the market has overheated. The cities include Beijing, Shanghai, Guangzhou, Shenzhen and Xiamen, according to a notice published on Monday on the Wechat account of the Asset Management...

  • CHINESE REAL ESTATE DEVELOPERS PLAN TO INVEST MORE IN LAND IN 2017 THAN IN 2016-- REUTERS SURVEY.

  • CANNON BALL, N.D.— Developer says it has started construction on the final stretch of the disputed Dakota Access oil pipeline.

  • The Army on Wednesday granted the developer of the four-state oil pipeline formal permission to lay pipe under a Missouri River reservoir in North Dakota, clearing the way for completion of the disputed project. "We plan to begin immediately," Vicki Granado, a spokeswoman for developer Energy Transfer Partners, said in an email to The Associated Press Wednesday...

  • WASHINGTON, Feb 8- President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a commercial...

  • Feb 8- Hong Kong stocks erased early losses and closed at 3-1/ 2- month highs on Wednesday, boosted by shares of China property developers and brokers. Sentiment was also lifted by rising capital inflows from investors in mainland China. The financial sector rose 1.1 percent to its highest level since last September, and its highest close since late 2015, thanks...

  • HONG KONG, Jan 27- Mainland Chinese companies have piled into Hong Kong property in 2015-2016, outbidding some of the territory's most powerful developers to gobble up 29 percent of land sold for development in one of the world's most expensive real estate markets, according to new industry figures. The buying frenzy comes at a time when home prices in Hong Kong...

  • NAIROBI, Jan 18- Africa's biggest wind power scheme, the Lake Turkana Wind Power project in Kenya, should be fully connected to the national electricity grid and producing power by the end of June, a director at the consortium building the project said on Wednesday. Of those, we have by tomorrow, 120 turbines fully connected to the substation and therefore ready to...

  • HONG KONG, Jan 13- Chinese technology conglomerate LeEco has secured a new round of investment worth 15.04 billion yuan from property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday. Sunac, through its real estate subsidiary Sunac Real Estate, said on Friday it plans to invest 6.04 billion yuan in LeEco's Shenzhen-...

  • WASHINGTON, Jan 12- U.S. Senate Democrats on Thursday pressed Ben Carson, Donald Trump's nominee to lead housing policy, on potential conflicts of interest between the agency he is set to run and properties in which the president-elect may hold a financial stake. The Department of Housing and Urban Development hands out billions of dollars each year to...

  • *Palm Hills soars on new project in West Cairo. DUBAI, Jan 4- Stock markets in the Middle East where foreign funds are most active outperformed for a second straight day on Wednesday, with Egypt's index hitting a record high while Saudi Arabia was dragged lower by profit-taking. Palm Hills Development jumped 8.5 percent after saying it signed an agreement with the...

  • BEIJING, Dec 30- China's top three real estate developers made combined sales of more than 1 trillion yuan in 2016, helped by soaring home prices in big cities, according to a ranking released by a private research agency on Friday. Evergrande Group, Vanke and Country Garden became the three biggest real estate vendors in 2016, by making 381 billion yuan, 362...

  • BEIJING, Dec 30- China's top three real estate developers made combined sales of more than 1 trillion yuan in 2016, helped by soaring home prices in big cities, according to a ranking released by a private research agency on Friday. Evergrande Group, Vanke and Country Garden became the three biggest real estate vendors in 2016, by making 381 billion yuan, 362...

  • BEIJING, Dec 28- China has suspended registration of private equity asset management plans for securities and futures brokerages for cases where money is lent to property developers or to illegally fund downpayments to buy property, three sources said on Wednesday. The new regulation applies to indirect and direct investment in residential projects in 16...

  • MEDIA- CHINA SEEKS TO CURB BROKERAGE INVESTMENT IN OVERHEATED. --China has proposed suspending registration of private equity asset management plans for securities and futures brokerages if the money is used to lend to property developers, illegally funding downpayments to buy property, a state-owned newspaper said on Tuesday. The proposal would apply to...