Construction Real Estate Management & Development

More

  • 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...

  • NEW YORK, Oct 16- A billionaire real estate developer from Macau accused by U.S. authorities of bribing a former United Nations General Assembly president won the right on Friday to leave jail on a $50 million bond and live under house arrest in a luxury Manhattan apartment. Magistrate Judge Kevin Fox in Manhattan accepted a proposal by Ng's new attorneys to...

  • SARAJEVO, Oct 10- Dubai- based developer Buroj Property Development said on Saturday it plans to invest 4.3 billion euros to build a luxury tourist resort near Sarajevo, in what could be the biggest foreign investment of its kind in the Balkan country. Bosnia, where Muslim Bosniaks are the largest of its three ethnic groups, has seen an influx of tourists from the...

  • Chinese property investors head to the Med Thursday, 8 Oct 2015 | 8:46 PM ET
    Residential buildings and skyscrapers stand beyond a statue on the city skyline in Barcelona, Spain.

    Chinese investors have snapped up both commercial and residential real estate in the world's top cities. Now they are turning to the Mediterranean.

  • NEW YORK, Oct 6- U.S. authorities charged a former president of the United Nations General Assembly, a billionaire Macau real estate developer and four others on Tuesday for engaging in a wide-ranging corruption scheme. John Ashe, a former U.N. ambassador from Antigua and Barbuda who was general assembly president from 2013 to 2014, was accused in a complaint...

  • NEW YORK, Oct 6- U.S. authorities charged a former president of the United Nations General Assembly, a billionaire Macau real estate developer and four others on Tuesday for engaging in a wide-ranging corruption scheme. John Ashe, the U.N. ambassador from Antigua and Barbuda who was president in 2013, was accused in a complaint filed in federal court in New York of...

  • NEW YORK, Oct 6- U.S. authorities arrested a former president of the United Nations General Assembly on Tuesday for engaging in a wide-ranging corruption scheme involving a billionaire Macau real estate developer and four other defendants. John Ashe, the U.N. ambassador from Antigua and Barbuda who was president in 2013, was accused in a complaint filed in New...

  • NEW YORK, Oct 6- U.S. authorities plan to announce charges in a corruption investigation involving United Nations officials and a billionaire real estate developer from the Chinese territory of Macau, a person familiar with the matter said on Tuesday. But the source said the charges related to last month's arrest of Ng Lap Seng, a Macau- based developer accused of...

  • Indonesia is a nation where traditional belief systems, including shamanism, have been fused with mainstream religions, the Financial Times reports.

  • NEW YORK, Sept 29- A U.S. judge revoked bail on Tuesday for the aide to a billionaire real estate developer, after both men were arrested for lying about why they brought $4.5 million in cash into the United States while traveling from China. Jeff Yin, an assistant to Ng Lap Seng, had been set to be released on a $1 million bond and be placed under home confinement.

  • NEW YORK, Sept 29- A U.S. judge revoked bail on Tuesday for the aide to a billionaire Macau real estate developer who together are charged with lying about why they brought $4.5 million in cash into the United States over the last two years. Jeff Yin, an assistant to Ng Lap Seng, had been set to be released on a $1 million bond and be placed under home confinement at his...

  • NEW YORK, Sept 28- U.S. prosecutors will go to court on Tuesday to argue that a billionaire Macau developer's aide presents too much of a flight risk to be released on bail after he was arrested on charges of lying about why he and his boss brought $4.5 million into the United States. Jeff Yin, assistant to real estate developer Ng Lap Seng, was arrested with his boss on...

  • NEW YORK, Sept 22- The right-hand man to a billionaire Chinese real estate developer arrested by U.S. authorities for smuggling $4.5 million into the country has admitted the money was used to pay people for "unlawful activities," a federal prosecutor said. Jeff Yin, who worked for Macau developer Ng Lap Seng, made those statements during a post-arrest interview on...

  • *CRRC, no. 1 global train maker, in XpressWest project. BEIJING, Sept 17- A unit of China's CRRC Corp, the world's biggest train maker by revenue, on Thursday joined a group of its domestic peers in agreeing a deal to help build a high-speed link from Las Vegas to Los Angeles, underlining the rail giant's lofty overseas ambitions. CRRC, formed from a state-driven merger of...

  • Sept 15- The Chinese contractor behind the nearly complete Baha Mar mega-resort in the Bahamas scored a victory over the project's developer on Tuesday with the dismissal of the resort's U.S. Bankruptcy in favor of proceedings in the Bahamas. "Many stakeholders in the project would expect that any insolvency proceedings would likely take place in the Bahamas,"...

  • *China Vanke among firms looking to join spin-off trend. "Two, three years ago there was no problem with selling any new projects even in the third- and fourth-tier cites, so people didn't really care about services," said Peterson Liang, deputy executive director of Colliers International Real Estate Management Services in Shanghai. Top developer China Vanke is...

  • 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...

  • This city may lose its skyscraper crown Wednesday, 22 Apr 2015 | 12:33 AM ET
    New York's One World Trade Center, the tallest building in the Western Hemisphere

    Skyscraper rents in Hong Kong are still the world's highest, but the city is in danger of losing its crown to New York, Knight Frank said.

  • Indonesia’s property tax delay: Sop to the rich? Tuesday, 14 Apr 2015 | 9:48 PM ET

    Reforms of Indonesia's easily-sidestepped luxury property taxes may be on ice, but the taxman is likely still coming for the wealthy, analysts said.

  • Is the next shoe dropping on Singapore property? Tuesday, 7 Apr 2015 | 10:53 PM ET

    Singapore's high-end property developers faced with a ticking clock may take drastic measures to avoid steep charges for unsold units.