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Construction Real Estate Management & Development

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  • Aug 17- The opening of the $3.5 billion Baha Mar mega-resort in the Bahamas is expected to be delayed beyond the start of the Christmas season, with the developer deep in an escalating legal battle with the Chinese companies that are providing most of the finance and construction work. Even if construction on the unfinished resort resumed this month, there is...

  • *Brazil consumer confidence at all-time low. SAO PAULO, Aug 10- Brazil's once red-hot housing market has turned cold quickly, forcing many developers to slam the brakes on new construction, though one corner of the industry is so far riding out the nation's worsening economic slump. At the time, developers like Cyrela Brazil Realty SA and Rossi Residencial SA,...

  • TOKYO, Aug 5- Japan's Nikkei share average posted modest gains on Wednesday as stronger earnings buoyed construction firms and real estate developers, but Toyota Motor and other cyclical shares buckled under concerns about slower global growth. Construction firms were helped by earnings from Kajima Corp, which rose more than 6 percent to a nine-year high...

  • *Construction firms up after good Kajima earnings. TOKYO, Aug 5- Japan's Nikkei share average edged up on Wednesday as construction firms and real estate developers gained on earnings but Toyota Motor and other cyclical shares buckled under concerns about slower global growth. Kajima rose 6.0 percent while rival Shimizu Corp rose 4.7 percent.

  • July 27- Chinese firms that have built and bankrolled most of the stalled Baha Mar mega-resort project said on Monday they were willing to invest more to complete the Bahamas resort. China Construction America said it was prepared to invest an additional $100 million in Baha Mar. A unit of China State Construction Engineering Corp Ltd, CCA said it also had...

  • July 23- The developer of the $3.5 billion Baha Mar mega-resort is willing to commit up to $200 million to jumpstart the stalled Bahamas project, lawyers told a U.S. bankruptcy judge on Thursday. The developer of the project is Sarkis Izmirlian, whose Baha Mar Ltd filed for bankruptcy protection in Delaware last month. During the bankruptcy court hearing on...

  • WILMINGTON, Del., July 20- The Chinese company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the project, which is nearly complete and seen as vital to the former British colony's fragile economy. A completed resort would employ more than 5,000 people in the Bahamas, where the unemployment...

  • July 20- The Chinese construction company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the unfinished project. Bankruptcy Judge Kevin Carey during a hearing in Wilmington, Delaware. Baha Mar Ltd, led by developer Sarkis Izmirlian, filed for bankruptcy protection in the Delaware court...

  • July 16- The troubled $3.5 billion Baha Mar resort project in the Bahamas is preparing to wind down operations and cut more than 2,000 jobs if the developer fails to strike a deal quickly with its main lender, China's Export Import Bank, according to U.S. bankruptcy court filings. But after missing that deadline, a cash crunch forced Izmirlian's Baha Mar Ltd to file...

  • July 10- The developer of the unfinished $3.5 billion Baha Mar mega resort in the Bahamas has accused China Construction America of cutting power to the work site, inflating expenses and trying to steal documents stuffed in suitcases, U.S. court filings show. Baha Mar Ltd, the project's developer, detailed its allegations in court filings on Thursday as part of...

  • CHINA CONSTRUCTION SAYS DEVELOPER CONTINUES TO SPREAD' FALSE AND MISLEADING ALLEGATIONS'-STATEMENT.

  • BAHAMAS DEVELOPER OF $3.5 B MEGA RESORT BAHA MAR ACCUSES CHINESE CONSTRUCTION FIRM OF CUTTING POWER TO UNFINISHED PROJECT- COURT FILINGS.

  • DEVELOPER OF BANKRUPT PROJECT SAYS IT SUSPECTS CONSTRUCTION FIRM OF REMOVING ESSENTIAL DOCUMENTS FROM WORK SITE-FILINGS.

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday broke its silence and accused the developer of mismanaging the project's design and not securing adequate financing. Construction delays, funding squabbles, lagging inspections and faulty work at the Nassau resort have led to finger...

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday accused the project's developer of mismanaging its design. "Baha Mar Ltd's decision to file for bankruptcy protection is the direct result of its failure to secure adequate financing and its mismanagement of the design of Baha Mar resort...

  • CHINA STATE CONSTRUCTION SAYS DEVELOPER OF BAHA MAR RESORT MISMANAGED PROJECT'S DESIGN.

  • BEIJING, July 6- Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. This cannot be a cure-all for China's huge supply overhang. Low-income households gain from a bigger supply of subsidized homes, the...

  • Mattress maker Serta next in line to dump Trump Thursday, 2 Jul 2015 | 11:36 AM ET

    July 2- U.S. mattress maker Serta said it would not renew its licensing agreement with the Trump Organization, the latest company to distance itself from real estate developer and TV personality Donald Trump, after his comments insulting Mexicans. Department store chain Macy's Inc said on Wednesday it would phase out Trump's line of menswear, while Comcast...

  • ADDIS ABABA, July 2- A property boom in Ethiopia's capital is putting pressure on the government to keep homes affordable for some of Africa's poorest people who also live in one of its fastest-growing economies. Smart flats and hotels in mirror-glass buildings rise up in areas of Addis Ababa where shacks once stood. If I had enough money, I would buy more, "said...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...