Construction Real Estate Management & Development

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  • Storage facilities are becoming all the rage in Hong Kong as residents continue to seek space in an increasingly cramped city.

  • Queen Elizabeth II

    The property portfolio of the U.K.’s royal family is delivering bountiful returns for Queen Elizabeth II.

  • JEDDAH, Saudi Arabia, June 8- Saudi Arabia will offer foreign and local property developers partnership deals in a vast housing construction program that aims to build 1.5 million homes over the next seven or eight years, the housing minister said on Wednesday. "We are preparing five or six types of partnership between the ministry and the developer," Majed...

  • *China's banks lending more to homebuyers and developers. HONG KONG, May 25- China's top banks are lending more to homebuyers and developers than at any time since at least the global financial crisis, making them vulnerable to a property market downturn as prices overheat and real-estate firms struggle with a growing debt burden. China's top five banks had...

  • District Judge William Young in Boston to pay a $1 million fine and forfeit $299,762 in illegal proceeds after a federal jury in January found him guilty of securities fraud. Prosecutors said Bray, the owner of real estate development company R&B Construction, was tipped about Eastern Bank Corp's planned acquisition of Wainwright Bank& Trust Co, by John...

  • *JPMorgan picked to advise PIF on transfer- sources. *Aims to revive goal of Riyadh as global financial hub. DUBAI/ RIYADH, May 9- Saudi Arabia is to transfer ownership of Riyadh's floundering King Abdullah Financial District to the Public Investment Fund from the Public Pension Agency, according to four sources aware of the matter.

  • 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...