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Construction Real Estate Management & Development

  • SHANGHAI, May 29- The chairman of the Senate Judiciary Committee has called for an investigation into "potentially fraudulent statements and misrepresentations" made by companies promoting investment in a property development involving the family company of White House advisor Jared Kushner. Citing a May 12 report by Reuters, Chuck Grassley, a Republican...

  • *Qatar's Ezdan levels off after steep slide. DUBAI, May 28- Most Gulf stock markets fell in disappointment on Sunday after global oil producers agreed to extend cuts in output by nine months in an effort to prop up prices, while real estate developers boosted Egypt's index. Last Thursday's oil output deal may put a floor under oil prices at around $50 a barrel for...

  • BEIJING, May 18- Property developers in China could implement price cuts sooner than expected as sales slow and credit conditions tighten, raising the potential need for a state-imposed price floor, according to a senior executive of Future Land. China has tightened rules for real estate businesses seeking to raise funds and introducing a flurry of measures...

  • *Egypt's SODIC jumps on expansion plans, strong Q1 results. DUBAI, May 17- Egypt's stock market outperformed its Gulf peers on Wednesday on the back of strong first-quarter earnings and positive news from a real estate developer, while Saudi Arabia saw increased activity as traders took positions ahead of Ramadan. Egypt's index rose 1.0 percent as real estate...

  • BEIJING, May 15- Behind China's trillion-dollar effort to build a modern Silk Road is a lending programme of unprecedented breadth, one that will help build ports, roads and rail links, but could also leave some banks and many countries with quite a hangover. At the heart of that splurge are China's two policy lenders, China Development Bank and Export-Import Bank...

  • MUMBAI, May 12- Indian conglomerate Piramal Enterprises said it is looking to expand its real estate development business and also expects to have a licence to start providing home mortgages by July. The Mumbai- based group, whose interests range from pharmaceuticals to financial services and real estate financing in India's big cities, said it now plans to...

  • The offering was priced at $14 per share, much lower than the proposed range of $18- $20, raising $294 million. Shares of Five Point, which develops commercial and residential land sites in coastal California, rose to as much as $15.40, giving the company a market value of about $3.35 billion. Existing single-family home sales in California were up 6.9 percent in...

  • KUALA LUMPUR, May 9- Malaysia is trying to rope in China's Dalian Wanda Group Co Ltd to develop a $1.7 billion Kuala Lumpur property project, barely a week after it dumped its original partners in disputed circumstances, sources aware of the discussions said on Tuesday. An investment by Dalian Wanda- owned by China's richest man Wang Jianlin- would be a big boost for...

  • KUALA LUMPUR, May 9- Malaysia is trying to rope in China's Dalian Wanda Group Co Ltd to develop a $1.7 billion Kuala Lumpur property project, barely a week after it dumped its original partners in disputed circumstances, sources aware of the discussions said on Tuesday. An investment by Dalian Wanda- owned by China's richest man Wang Jianlin- would be a big boost for...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned Howard Hughes...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company since...

  • NEW YORK, May 8- Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ideas. Shares in Toronto- listed DHX Media Ltd, which owns rights to popular children's television shows including Bob the...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing its strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing its strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management owns 8.85 percent of Howard...

  • KUALA LUMPUR, May 3- A $1.7 billion property deal that was expected to ease the debt burden of Malaysian state fund 1 Malaysia Development Berhad fell through on Wednesday, complicating Prime Minister Najib Razak's efforts to move on from a financial scandal surrounding the fund. TRX City Sdn Berhad, a former 1 MDB division now owned by the Malaysian finance...

  • KUALA LUMPUR, May 3- A $1.7 billion property deal that was expected to ease the debt burden of Malaysian state fund 1 Malaysia Development Berhad fell through on Wednesday, complicating Prime Minister Najib Razak's efforts to move on from a financial scandal surrounding the fund. TRX City Sdn Berhad, a former 1 MDB division now owned by the Malaysian finance...

  • May 1- U.S. real estate investment trust Duke Realty Corp said on Monday it would sell its medical office building assets to Healthcare Trust of America Inc, an owner and operator of medical offices, for $2.8 billion in cash. The deal, which also include Duke Realty's medical office operating and development platform, will give HTA access to 78 properties.

  • April 28- Apple Inc has asked the state of California to make changes in its proposed policies on self-driving cars, the latest sign the technology giant is pursuing driverless car technology. In a letter made public Friday, Apple made a series of suggested changes to the policy that is under development and said it looks forward to working with California and...

  • Were going to make it happen this year, he said, according to Drew Greenblatt, the president of Marlin Steel in Baltimore, who was present. Project lists submitted by the North America's Building Trades Unions and by an outside developer who helped with the transition both contain projects that infrastructure builders call shovel ready. After North America's...

  • Were going to make it happen this year, he said, according to Drew Greenblatt, the president of Marlin Steel in Baltimore, who was present. Project lists submitted by the North America's Building Trades Unions and by an outside developer who helped with the transition both contain projects that infrastructure builders call shovel ready. After North America's...