Real Estate Management & Development
Real Estate Development
Landlords are still grappling with how to fill those spaces being vacated by department store chains.
LANSING, Mich.— Michigan's economic development board awarded $618 million in tax incentives on Tuesday for a $2.1 billion development project in Detroit that includes a 58- story building on the site of the iconic former J.L. Hudson department store— the first use of new state tax breaks for "transformational" redevelopment work. It includes constructing the...
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DUBAI, May 20- Gulf stock markets were mostly flat on Sunday amid low trading volumes and a lack of significant events. Most of the trading was concentrated on real estate developer Dar Al Arkan Real Estate Development Co., which was up 0.4 percent, and Alinma Bank, down 0.1 percent. Real estate developer Jabal Omar Development was among the best performers, up 3.9...
DUBAI, May 20- Gulf stock markets were mixed in early Sunday trading in light volumes, with Dubai dragged down by real estate developer Emaar and the Saudi exchange trading up, supported by last weeks gains in oil prices. Real estate developer Jabal Omar Development was among the best performers, up 6.1 percent, after announcing an agreement with Albilad Capital...
Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea. Last week, Lundin Mining disclosed that it partnered with Euro Sun on a C $1.5 billion cash and stock proposal to buy Nevsun. Under that plan, Lundin would own the...
SAN FRANCISCO— A federal judge in California on Tuesday struck down the city of Oakland's ban on coal shipments at a proposed cargo terminal, siding with a developer who wants to use the site to transport Utah coal to Asia. Oakland is reviewing its options and may appeal, said Justin Berton, a spokesman for Mayor Libby Schaaf. The $250 million project in west Oakland...
*Dubai leads UAE markets rise. RIYADH, May 15- Dubai led a rise in United Arab Emirates markets on Tuesday, closing more than 1 percent up, backed by solid gains in blue chips, while Saudi and Qatar reversed earlier gains and closed on a slightly negative note. Its affiliate Emaar Development gained 1.5 percent after MSCI decided overnight to add the stock to its...
NEW YORK, May 11- Billionaire Macau real estate developer Ng Lap Seng was sentenced to four years in prison on Friday after being found guilty last July of bribing two United Nations ambassadors to help him build a multibillion dollar conference center. District Judge Vernon Broderick, who also ordered him to forfeit $1.5 million, representing assets used in...
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NEW YORK, May 11- Billionaire Macau real estate developer Ng Lap Seng was sentenced to four years in prison on Friday after being found guilty last July of bribing two United Nations ambassadors to help him build a multibillion dollar conference center. District Judge Vernon Broderick, who also ordered him to forfeit $1.5 million, representing assets used in...
SINGAPORE, May 7- Vinhomes JSC, the residential property developer of conglomerate Vingroup JSC, priced an equity offering at the top of its indicative range and raised about $1.35 billion in the country's biggest-ever share issue, sources familiar with the matter told Reuters on Monday. Vinhomes priced about 268 million secondary shares at 114,700...
April 24- Real estate developers in British Columbia will soon be required to collect and report information on people buying and flipping condo presale units, as the province ramps up its crackdown on tax fraud amid an escalating housing affordability crisis. Under a change to real estate laws introduced by the New Democratic government on Tuesday,...
SINGAPORE/ HANOI, April 17- Vingroup JSC is looking to raise as much as $2 billion from the listing of its residential property business in what could be Vietnam's biggest initial equity offering, sources familiar with the matter said on Tuesday. Vingroup, Vietnam's biggest property developer, expects to kick off roadshows later this month and price the equity...
BEIJING, April 17- China posted its fastest property investment growth in three years in the first quarter, driven by a surge in land values and as developers grew more confident about the policy outlook, however, sales slowed as existing curbs hit transactions. "Land prices have grown sharply since last year, contributing heavily to the total investment value,"...
SAO PAULO, April 13- Brazilian conglomerate Odebrecht SA has reached an agreement in principle with real estate investment firm Hemisferio Sul Investimentos SA to sell a project in São Paulo, a person with direct knowledge of the matter told Reuters. Several real estate companies in Brazil have been seeking attractive acquisitions in recent years, as...
SYDNEY, April 13- British private equity firm Terra Firma is aiming to raise more than A $1 billion for its Australian cattle stations, sources said, arguing for a hefty mark-up that has already priced at least one local party out of the process. With first round bids due imminently, the high expectations could leave foreign bidders in the box seat, testing the...
SINGAPORE, April 12- Buyers of liquefied natural gas have grown "fat and lazy" on expectations of a surplus of the super-chilled fuel and they now risk a shortage in the early years of the next decade. There's no surprise that this was the view of a LNG project developer, expressed at this week's LNG Asia Pacific Congress, hosted in Singapore by IBC.
SINGAPORE, April 12- Buyers of liquefied natural gas have grown "fat and lazy" on expectations of a surplus of the super-chilled fuel and they now risk a shortage in the early years of the next decade. There's no surprise that this was the view of a LNG project developer, expressed at this week's LNG Asia Pacific Congress, hosted in Singapore by IBC.
*Hike in foreign ownership ceilings lifts Qatar. *Opposite directions for Dubai's Emaar Properties, Development. DUBAI, April 10- Money flowed into Qatar's stock market for a second straight day on Tuesday after several blue-chip firms raised foreign ownership limits, while other Gulf markets were mixed.
EXCLUSIVE- DEVELOPER EZTEC AND REAL ESTATE INVESTMENT FIRM HSI AMONG COMPANIES IN TALKS WITH ODEBRECHT FOR RIGHTS TO BUILD THREE TOWERS.
SAO PAULO, April 10- Odebrecht SA is in talks to sell a real estate project in São Paulo worth up to 400 million reais, two people with knowledge of the matter told Reuters, as the Brazilian conglomerate keeps unloading assets after a graft scandal. Developer Eztec Empreendimentos e Participacoes SA and real estate investment firm Hemisferio Sul Investimentos...
