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  • NEW YORK, Jan 4- A billionaire real estate developer from Macau accused by U.S. authorities of bribing a former United Nations General Assembly president has dropped his demand to go to trial immediately amid setbacks at his companies. The lawyer, Benjamin Brafman, gave no reason why Ng was no longer seeking a quick trial on charges that he bribed John Ashe, a former...

  • KUALA LUMPUR, Dec 31- Malaysia's 1 MDB will sell its controlling stake in a high-profile property project to a Malaysian-Chinese group for $1.7 billion, wrapping up major asset sales for a state fund whose troubles have roiled domestic politics. 1 MDB will sell its 60 percent stake in Bandar Malaysia- a major development project in Kuala Lumpur that will include...

  • NEW YORK, Dec 21- A Georgia- based real estate developer pleaded guilty on Monday to participating in what U.S. authorities say was a $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases. Garkusha, a resident of Alpharetta and Cumming, Georgia, near Atlanta, was arrested in August along with four other...

  • Dec 21- A Georgia- based real estate developer on Monday told a U.S. judge he will plead guilty to participating in what U.S. authorities say was a $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases.

  • LONDON, Dec 18- BG Group and Energy Transfer Partners have gained approval from the U.S. energy regulator for their liquefied natural gas production and export plant in Lake Charles, Louisiana, the companies said. "Lake Charles LNG has the potential to create several thousand jobs during construction and if fully operational could result in approximately 250...

  • China property firms' debt issuance jumps, more to come Wednesday, 9 Dec 2015 | 10:26 PM ET

    HONG KONG, Dec 10- China's real estate companies have sharply increased the amount of funds raised from debt so far this year compared with 2014 as borrowing costs hit historical lows, and they are planning to borrow more. Property developers have raised 495 billion yuan from domestic Chinese bonds, almost double 2014 levels, Barclays Capital estimates.

  • Beachfront houses on the Gold Coast, Australia.

    Australia is attempting to let the air out of housing without deflating a vital source of economic growth or stressing indebted households.

  • *Middle East investors to pour $18- 20 bln into global real estate- CBRE. NEW YORK, Dec 2- The boarded-up building sat vacant on a tattered block in San Francisco until a small New York developer and a Kuwaiti real estate partner snapped it up in April 2014, attracted by the proximity to Twitter Inc and other tech companies. Over the next year and a half, New York's Synapse...

  • What happens when a property market is just too hot? Sunday, 29 Nov 2015 | 5:33 PM ET
    A view of the seaside mansion which was used as the U.S. consulate from 1957, and later renamed Lincoln House, is seen in Mumbai, India, September 14, 2015. Vaccine billionaire Cyrus Poonawalla has bought the former maharaja's mansion in Mumbai from the U.S. government for around 7.5 billion rupees ($113 million), newspapers reported, making it the most expensive ever residential purchase in the country.

    Apart from rare stratospheric deals, Mumbai's property market is ailing, as it pays the price of having too big a boom.

  • Why London property isn’t in a bubble Tuesday, 24 Nov 2015 | 3:13 AM ET

    Surges in London property prices have spurred calls the city is a bubble waiting to pop, but investors are still positive on the market.

  • DUBAI, Nov 23- Saudi Arabia's cabinet said on Monday it would impose an annual 2.5 percent fee on undeveloped urban land designated for residential or commercial use, a major step in addressing a shortage of affordable housing and developing the tax system. In 2013, the Housing Ministry estimated empty plots made up around 40 percent of the capital city Riyadh,...

  • *China Vanke developing robots to guard, clean and transport. HONG KONG, Nov 18- China Vanke, the biggest property developer by sales in the world's most populous country, is recruiting robots to sweep floors and guard its properties to address a labour shortage and rising wage bills. "We estimate that with today's growth and the changes to China's personnel...

  • *Considering buying land on Red Sea, Mediterranean coasts. CAIRO, Nov 16- Egyptian real estate developer SODIC has signed sales contracts worth 3.6 billion Egyptian pounds since the beginning of 2015, surpassing last year's full-year total, it said on Monday. Sherif said the company was considering buying land on the Red Sea coast in the first quarter of 2016, as...

  • *Considering buying land on Red Sea, Mediterranean coasts. CAIRO, Nov 16- Egyptian real estate developer SODIC signed sales contracts worth 3.6 billion Egyptian pounds in the first nine months of 2015, surpassing last year's full-year total, it said on Monday. Sherif said the company was considering buying land on the Red Sea coast in the first quarter of 2016, as...

  • BTA, majority owned by Kazakh bank Kazkommertsbank, said on Thursday that Geneva- based real estate developer Ilyas Khrapunov would be restricted in dealing in assets after an English court granted an interim freezing injuction. The latest court order against the Ablyazov family comes as the former Kazakh minister-turned-banker, who was arrested in France...

  • LAHORE, Pakistan, Nov 4- At least ten people were killed and up to 150 trapped on Wednesday when a factory collapsed near Pakistan's eastern city of Lahore, officials said, adding to a number of industrial disasters to strike the South Asian nation. Pakistan's construction sector suffers from poor oversight and developers frequently flout building codes.

  • Oct 27- St. Joe Co and five individuals, including a former chief executive officer, agreed to settle U.S. regulatory charges the Florida developer and landowner improperly accounted for the falling value of its residential real estate assets after the financial crisis. The civil settlement announced by the U.S. Securities and Exchange Commission on Tuesday...

  • Oct 27- St. Joe Co and five individuals, including a former chief executive officer, agreed to settle U.S. regulatory charges the Florida developer and landowner improperly accounted for the falling value of its residential real estate assets after the financial crisis. The civil settlement announced by the U.S. Securities and Exchange Commission on Tuesday...

  • COSTA CAREYES, Mexico, Oct 26- Mexico may have dodged a bullet from the fury of Hurricane Patricia, but jet setters like Bill Gates, Gwyneth Paltrow and Cindy Crawford will have to find a new playground for now after the storm ravaged some of the world's most exclusive holiday homes. Patricia, packing 165 MPH winds, carved a swathe through relatively remote parts of...

  • SAN FRANCISCO, Oct 21- Private firms looking to build California's $68 billion high-speed train system have concerns about the state's ability to finance some of the project's cost through an untested' cap-and-trade' carbon trading levy. The California High-Speed Rail Authority expects to raise $500 million per year for the rail line from the cap-and-trade...