DETROIT— Dan Gilbert's ownership presence in downtown Detroit has kept growing, with the addition of a vacant 38- story office tower and adjacent buildings to his stable of properties. Book Tower, the attached 13- floor Book Building and an adjacent two-story community center have been bought by Bedrock Real Estate Services. "This project is going to be one of...» Read More
Some industry experts forecast home prices to fall by over a third by end-2016, clouding the prospects of major developers CK Hutchison Holdings Ltd, owned by Asia's richest man Li Ka- shing, and Sun Hung Kai Properties Ltd.. An increase in U.S. rates would also trigger a rise in Hong Kong because the local currency is pegged to the U.S. dollar, paving the way for...
MUMBAI, March 19- India's debt-laden property developers are turning to deep discounts, free parking spots and even gimmicks like gifts of gold coins and motorbikes as they struggle to sell billions of dollars worth of as-yet unfinished homes. It's not just bad news for developers in megacities like Mumbai, now seeking ways to offload inventory with...
HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group a 100 billion yuan credit lifeline, as a slump in China's key property sector pressure one of the biggest and most indebted developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four major state-owned banks since...
HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group 100 billion yuan in credit, as the slump in China's key real estate sector extends to one of the biggest and most indebted property developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four state-owned banks since...
Singapore's REITs have long defied predictions they would stumble amid forecasts of rising rates, but analysts say the day of reckoning may soon come.
This represents the largest capital commitments raised by private real estate companies actively listed on equity crowdfunding platforms.
Property prices in the Philippines have surged over the past few years, but it isn't clear puffed up valuations stack up to a bubble.
More than 150 start-ups are using Managed by Q to manage their offices, in lieu of a traditional office manager.
A North Carolina company is taking shipping containers and converting them into all sorts of structures, from retail spaces to multifamily apartments. CNBC's Diana Olick reports.
China's shadow banking firms slashed lending to property developers, potentially spelling trouble for the sector and the economy.
Luxury living among the high-rise set is going to the dogs as builders are finding a huge demand for innovative spaces for animal lovers.
While high commercial real estate rents can impede a state's growth, they can also exemplify the value of a location.
Blackstone, which has made big bets on hotels, rental homes and other real estate in recent years, continues to be bullish on the sector.
Many Russians who own property around the world ask the help of multilingual real estate consultants when looking at New York real estate. NYT reports.
Morningstar reports that Canada's banks and its housing finance agency may take serious losses if Canada's home prices decline.
It seemed as if Canada had avoided the excesses of the housing bubble that hit so many nations. But now it may be catching up.
Steve Eisman, the hedge fund manager who famously bet against mortgages in the United States, has recommended investors now bet against Canada's mortgage lenders and banks.
China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
China Vanke, the country's biggest real estate developer, said it's looking to extend its foreign investment drive beyond the high-end U.S. market, as Beijing weighs new measures to cool mainland property prices.
Prologis may own big industrial warehouses, but it will benefit from a recovery in the U.S. housing market, chairman Hamid Moghadam told CNBC on Wednesday.