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Construction Real Estate Management & Development

  • 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...

  • HONG KONG, Dec 18- China Vanke Co Ltd, the mainland's biggest property company by sales, said on Sunday it was terminating a key agreement to acquire a property development arm of Shenzhen Metro Group after it failed to get the approval of some of its major shareholders. Fearing a hostile takeover attempt by Baoneng, Vanke announced in June it had agreed to buy the...

  • BRASILIA, Dec 14- The Trump Organization Inc said on Wednesday it has pulled out of a hotel venture in Rio de Janeiro that is part of a criminal investigation in Brazil, with a Trump Hotels spokeswoman citing construction delays and differences in vision. "Unfortunately, the developers of the Rio de Janeiro hotel are significantly behind on the completion of the...

  • Dec 13- Hong Kong stocks steadied after a tumble the previous day, though some investors stayed on the sidelines ahead of a U.S. Sector performance in Hong Kong on Tuesday was mixed, with strength in the energy and materials stocks countered by weakness among real estate developers. An index tracking the property sector retreated nearly 0.6 percent, dragged by...

  • 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,...