Construction Real Estate Management & Development

  • ISLANDIA, N.Y.— The developers of a Long Island off-track betting casino planned for Suffolk County have announced that the opening of the betting hall has been delayed until early 2017.. Newsday reports Delaware North and Suffolk County Regional Off-Track Betting Corp. officials said construction-related issues are to blame for workers falling behind...

  • David McKinley has sold his West Virginia engineering and architecture firm, but it still bears his name— and that earned the Republican congressman a rebuke from the House Ethics Committee. President-elect Donald Trump has built an international property management, real estate and branding business around his name. Conflict of interest provisions are...

  • BEIRUT— The last public beach on Beirut's heavily developed seaside could soon be squeezed out by yet another luxury resort, raising fears that residents could find themselves living in a coastal city without much of a coast. Activists say the Eden Rock Resort development, greenlighted by the city's governor in September, is the first step to transforming the...

  • New York, Nov 23- When Anthony Sosnick was a real estate developer at the turn of the millennium, he took a little detour. He jumped in by launching Anthony Logistics for Men in 2000 out of his home in Bloomfield Hills, Michigan. The business eventually morphed into Anthony Brands, which now has five skincare labels targeted at both men and women; Anthony, Shaveworks,...

  • Nov 22- For months, North Dakota's Standing Rock Sioux tribe has been protesting the Dakota Access Pipeline's planned crossing under the Missouri River, adjacent to their lands, in part due to worries about contamination of their primary water source. The project, which has received little attention in the months-long fight over the Dakota Access pipeline, has...

  • MANILA, Nov 22- Two Philippine companies involved in the property sector announced on Tuesday plans to raise a combined $358.7 million from the capital markets next year to fund expansion plans. Property developer Filinvest Land Inc said it planned to raise 10 billion pesos via bond sale in the first quarter of 2017 to kick off its 30- billion pesos three-year...

  • BEIJING, Nov 14- China's real estate investment growth quickened in October to its highest since April 2014, suggesting the property market remains resilient even as home sales have been hit by a raft of tightening measures. China has also made it harder for property developers to issue bonds, which has discouraged real estate firms from raising funds for new...

  • Evergrande, the second biggest property developer by sales in China, purchased another 1.45 percent stake in Vanke for 4.2 billion yuan, it said in a filing to the Hong Kong stock exchange on Wednesday. In April, it bought a majority stake in Shenzhen- listed Calxon Group, in a $553 million deal. Evergrande also planned a backdoor listing in mainland China by...

  • BEIJING, Nov 9- Chinese President Xi Jinping congratulated Donald Trump on winning the U.S. presidency, state TV reported on Wednesday, telling him the two biggest economies in the world shared responsibility for promoting global development and prosperity. Trump, a real estate developer and reality TV host, stunned the world on Tuesday by defeating heavily...

  • BEIJING, Nov 9- Chinese President Xi Jinping congratulated Donald Trump on winning the U.S. presidency, state TV reported on Wednesday, telling him the two biggest economies in the world shared responsibility for promoting global development and prosperity. Trump, a real estate developer and reality TV host, stunned the world on Tuesday by defeating heavily...

  • Many of China's most indebted companies are developers. Home and residential land prices have soared in many parts of China this year, prompting authorities to introduce restrictions on buyers and the ability of developers to raise fresh funds. Over 20 cities have announced cooling measures over the past few weeks and the provider of China's official...

  • NEW YORK, Nov 1- Corporate tax breaks for housing and economic development projects cost New York City $3 billion in fiscal 2016, according to a Reuters' review of a first-of-its kind report from the city's chief fiscal officer. The city's latest annual financial report from Comptroller Scott Stringer, released on Monday, was the first in the United States to...

  • BEIJING, Oct 28- China's property developers will not be allowed to issue bonds to raise money for land purchases, a Chinese newspaper reported on Friday, in an attempt to cool a property frenzy in the world's second-largest economy. The Shanghai Stock Exchange has issued a letter to bond underwriters to thoroughly investigate how property developers would...

  • BEIJING, Oct 28- Residential land prices in China's first-tier cities soared 19.02 percent on-year in the third quarter, while prices diverged dramatically between cities in other tiers, Ministry of Land and Resources data showed. Residential land prices in China's four top-tier cities- Beijing, Shanghai, Shenzhen and Guangzhou- climbed 19 percent to an...

  • Installations of wind capacity fell to 895 megawatts during the quarter from 1,603 a year earlier, according to a quarterly report by the American Wind Energy Association. All of the capacity added during the quarter was in two states: Texas, the nation's top state for installed wind capacity, and Minnesota. The pace of wind energy development has been highly...

  • CAIRO, Oct 27- China Fortune Land Development Company expects to finalize its $20 billion deal to develop part of Egypt's new capital by the end of 2016 and break ground early next year, a partner on the project told Reuters. Egypt's ambitious plan to construct a new metropolis 45 km east of Cairo made a big splash when it was announced in March 2015 at a Sharm...

  • CAIRO, Oct 27- China Fortune Land Development Company expects to finalise its $20 billion deal to develop part of Egypt's new capital by the end of 2016 and break ground early next year, a partner on the project told Reuters. Egypt's ambitious plan to construct a new metropolis 45 km east of Cairo made a big splash when it was announced in March 2015 at a Sharm...

  • *Palm Hills expects deal to be signed by year-end. CAIRO, Oct 26- Egyptian property company Palm Hills expects to sign a revenue-sharing deal with the government this year to develop what would be the country's second-largest real estate project, one of its co-chief executives said. Abdel Rahman said Palm Hills aims to have the contract signed by the end of the...

  • MEXICO CITY/ MADRID, Oct 25- Tycoon Carlos Slim's construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion Mexico City airport terminal project, five people familiar with the matter said. The bid for the terminal, hot on the heels of Carso's runway bid, shows how Slim,...

  • *Half of London luxury pipeline subject to change- agent. *Graphic on London prime housing: http://tmsnrt.rs/2eb661D. Oct 20- High-end property developers in London are restricting the supply of homes to prevent further price falls by selling entire apartment blocks to funds for rental, according to agents and investment managers.