A number of government-funded rental assistance programs are in jeopardy as the longest shutdown in U.S. history wears on.
*Deal to create Asia's largest real estate investment manager. SINGAPORE, Jan 14- Singapore's CapitaLand is forking out S $6 billion to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia's largest real estate investment manager. The transaction, which will give CapitaLand exposure to...
*Commercial International pulls down Egypt. Market heavyweight Saudi Basic Industries added 1.5 percent and Al Rajhi Bank was up 1.4 percent. Al Ahsa Development gained 2 percent after signing an agreement to buy a 25 percent stake in Twareat Medical Center for 15 million riyals.
The latest round of fundraising comes as China's government promotes new energy vehicles, a category comprising battery-powered and plug-in battery-petrol hybrid cars, to help reduce air pollution and support high technology development. The so-called Gigafactory is the country's first wholly foreign-owned car plant, a reflection of China's broader...
Another set of pictures, taken by tenants, shows homes across the Atlantic in North Carolina, Maryland and Louisiana, plagued by flooding, bursting pipes, mold blooms, collapsed ceilings, exposed lead paint and tap water as brown as tea. Ireland's historic Capard House is among the vacation properties owned by Rhode Island real estate developer John Picerne.
BEIJING, Dec 14- Property investment in China picked up in November, in contrast to other key data where growth weakened sharply, though soft home sales and land purchases pointed to a dim outlook for the sector amid a slowing broader economy. Real estate investment, which mainly focuses on the residential sector but includes commercial and office space, rose 9.3...
CNBC’s Wealth Editor Robert Frank explains how ‘opportunity zone’ tax benefits work and talks about the executive order signed by President Trump with CNBC's "Power Lunch" team.
FRANKFURT, Dec 5- German commercial property group Summit is exploring a 2019 share sale to raise money for new investments and make it easier to trade its stock, people close to the matter said. No firm decision has so far been taken on the size of the share sale, which may take place in the second quarter, the person said, while another source said the listing would...
"A lot of that initial reluctance will burn off and people will realize what a great deal this is for New York City," says Deputy Mayor for Housing and Economic Development Alicia Glen.
ABU DHABI, Nov 27- Etihad Rail, the developer and operator of the United Arab Emirates national rail network, said on Tuesday the government has agreed financing for phase two of the project which was put on hold in 2016.. Etihad Rail said the UAE Ministry of Finance and the Abu Dhabi Department of Finance signed the agreement to finance the second stage.
SHANGHAI, Nov 19- Property developers and financial firms lifted China's main stock indexes on Monday as the government continues to roll out policy measures to support markets, and amid growing expectations of more loose policy to come. **China's stubbornly weak credit growth has spurred talk of its first cut in benchmark lending rates in three years, but...
Ken Wong of Eastspring Investments says rising home prices in China are "somewhat expected."
BEIJING, Nov 14- Growth in China's real estate investment in October cooled to a 10- month low and home sales fell again, as developers held back expansion plans in the face of broadly softening economic conditions. Property investment, which mainly focuses on residential but also includes commercial and office space, grew 7.7 percent in October from a year...
MOSCOW, Nov 6- China's Chengtong Holdings Group, a state-owned investment and asset-operating company, is in talks with Russian real estate developer Hals Development to buy the Peking Hotel in central Moscow, three sources familiar with the talks said. VTB, which owns Hals Development, confirmed plans to sell the hotel and that it was talking to Chengtong...
Jim Cramer sits down with Federal Realty Investment Trust President and CEO Don Wood to discuss the Federal Reserve's interest rate hikes and his business.
CNBC's Diana Olick reports on home flippers turning away from the business.
BEIJING, Oct 19- Growth in China's real estate investment eased in September and home sales fell for the first time since April, pointing to growing strains in a major driver of economic activity. Growth in real estate investment, which mainly focuses on residential but also includes commercial and office space, rose 8.9 percent in September from a year earlier,...
SHANGHAI, Oct 13- State-run China General Nuclear Power Corp, a leading developer of reactors in the country, said on Saturday a proposed project in Britain was not imperilled by new U.S. rules blocking it from acquiring American technology. On Thursday, amid growing trade tensions, the U.S. Department of Energy said it was tightening controls on exports to China...
Jim Cramer discusses steady secular trends with Carnival Corporation, Canopy Growth and more.
But the project, which envisions housing more than 1 million people across 1,700 hectares of reclaimed land, is probably the worst choice, said Lam Chiu-ying, a former director of Hong Kong's weather bureau. Hong Kong saw unprecedented flooding and damage during September's Typhoon Mangkhut, with seawater swallowing roads and enveloping residential and...
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