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Real Estate Management & Development Real Estate Development

  • *Real estate developer Dar Al Arkan plunges. DUBAI, Nov 15- Major Gulf stock markets fell on Wednesday, partly because of retreating global equities and oil prices, though builder Drake& Scull surged in Dubai despite a heavy quarterly loss. The Saudi Arabian Capital Market Authority issued a statement before the market opened saying that listed companies would...

  • CHARLESTON, W.Va.— West Virginia officials announced an agreement on Thursday with China Energy Investment Corp. Ltd. for the company to invest $83.7 billion in shale gas development and chemical manufacturing in West Virginia over 20 years. State Commerce Secretary Woody Thrasher and China Energy President Ling Wen signed the memorandum in Beijing as...

  • *FY 2018 cash flow fcast at $500 mln vs previous $300- $500 mln. *Q4 profit 82 cents/ shr vs est 81 cents/ shr. Thursday's results from Horton showed orders at the country's largest housebuilder climbed 18.2 percent to 10,333 homes in the quarter ended Sept. 30 and the average selling price rose 3.2 percent to $306,502.

  • Voters in Tusayan turned down a ballot measure Tuesday to allow buildings up to 65 feet. The result was a blow to Italy- based Stilo Development Group USA, a major landowner that has eyed development in town since the late 1980 s. They say Tusayan should support, not detract from the national park and were worried about effects to water, traffic and the skyline.

  • NEW YORK, Nov 3- Moinian Group on Friday broke ground on a 53- story tower in the burgeoning Hudson Yards district that is rapidly changing New York's skyline in a more than $2 billion project the developer hopes to help finance through the EB-5 visa program. Moinian, a large New York developer, will fund the almost $100 million it will take to finish the foundations...

  • NEW YORK, Nov 3- Moinian Group on Friday broke ground on a 53- story tower in the burgeoning Hudson Yards district that is rapidly changing New York's skyline in a more than $2 billion project the developer hopes to help finance through the EB-5 visa program. Moinian, a large New York developer, will fund the almost $100 million it will take to finish the foundations...

  • *Dubai's Emaar Development sets price range for IPO. DUBAI, Nov 2- Gulf markets remained sluggish on Thursday despite activity in Dubai's Emaar Properties after its local property development arm set an indicative price range for its initial public offering while a couple of blue chips boosted Egypt. Emaar Development set a range of 5.7 dirhams to 6.9 dirhams...

  • HONG KONG, Nov 2- CK Asset Holdings Ltd, controlled by Hong Kong's richest man Li Ka- shing, is selling its 73- storey office tower to C.H.M.T. Peaceful Development Asia Property Ltd for HK $40.2 billion, the world's biggest ever single property sale. Shares in CK Asset Holdings closed up 3.6 percent on Thursday at HK $67.0, their biggest gain since Sept. 8, and have risen...

  • HONG KONG, Nov 2- CK Asset Holdings Ltd, owned by Hong Kong's richest man Li Ka- shing, is selling its 73- storey office tower to C.H.M.T. Peaceful Development Asia Property Ltd for HK $40.2 billion, the city's biggest property deal. The Hong Kong skyscraper's sale is a record-breaking deal and expands the footprint of Chinese investment in the Asian financial hub's...

  • HONG KONG, Nov 1- Li Ka-shing's CK Asset Holdings Ltd is selling out of a central business district office tower for HK $40.2 billion, marking Hong Kong's biggest real estate deal. CK Asset, formerly Cheung Kong Property Holdings Ltd, said on Wednesday it would sell its 75 percent interest in the 73- storey office tower, The Center, to C.H.M.T. Peaceful Development...

  • HONG KONG, Nov 1- A palatial four-bedroom house in Hong Kong's exclusive Peak district has been sold for HK $1.16 billion, which the main developer said is the most paid for a home in one of its projects this year. Wheelock and Company, one of Hong Kong's biggest developers, owns the Mount Nicholson project via its subsidiaries Wheelock Properties and Wharf...

  • *Chinese home prices little changed in September from August. HONG KONG, Oct 30- As the froth comes off Chinas home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive. A minority, such as Tianjin- based Sunac Holdings, are planning to reduce their land purchases and focus instead...

  • Prologis CEO on the e-commerce effect on warehouses

    Hamid Moghadam, Prologis CEO, discusses how his company is taking advantage of the booming e-commerce space with warehouses to fulfill the needs of the consumer.

  • Oct 18- Hong Kong stocks inched up on Wednesday, with listings in the city of some China- based companies advancing on the first day of the key Communist Party Congress in Beijing. The China Enterprises Index, an index tracking major domestic firms listed in Hong Kong, gained 0.5 percent, to 11,621.95 points. Property and construction firms rose 1 percent, led by top...

  • LONDON, Oct 16- British Prime Minister Theresa May will host a meeting on Tuesday with developers and local housing associations in a bid to encourage the industry to build more homes and tackle soaring prices, an industry source said. The housing industry says Britain needs to build around 250,000 properties a year just to meet pent-up demand, which has pushed...

  • DUBAI, Oct 16- Dubai Holding has put on hold plans to develop Jumeirah Central, its $20 billion office, retail and residential project in the heart of Dubai, it said on Monday. "Dubai Holding is prioritising projects that will be ready for Expo 2020 Dubai and those that will help draw tourists to the emirate. In May, Dubai Holding unveiled plans to build Marsa Al Arab, a...

  • LOS ANGELES, Oct 12- President Donald Trump's administration has vowed to revive the coal industry, challenged climate-change science and blasted renewable energy as expensive and dependent on government subsidies. And yet the solar power industry is booming across Trump country, fueled by falling development costs and those same subsidies, which many...

  • Jack Ma, founder and executive chairman of Alibaba Group, arrives at Trump Tower for meetings with President-elect Donald Trump on January 9, 2017 in New York.

    In China the traditional engines of manufacturing and big spending on government projects are beginning to lose power, the NYT reports.

  • ATHENS, Oct 4- Greece welcomed a decision by senior archaeologists to conditionally permit a major tourism project in Athens on Wednesday, saying it cleared the way for the country to turn the site into one of Europe's biggest coastal resorts. The 8 billion euro project to develop the disused Hellenikon airport site is a key term of Greece's international...

  • ATHENS, Oct 4- Greece welcomed a decision by senior archaeologists to conditionally permit a major tourism project in Athens on Wednesday, saying it cleared the way for the country to turn the site into one of Europe's biggest coastal resorts. The 8 billion euro project to develop the disused Hellenikon airport site is a key term of Greece's international...