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Construction Real Estate Management & Development

  • CENTRAL ISLIP, N.Y.— A New York real estate developer caught trying to flee to South America following a fatal car crash in the Hamptons has been sentenced to three to nine years in state prison. The August 2015 crash in Sag Harbor killed 53- year-old Paul Hansen. Ludwick was free on bail when he was captured in Puerto Rico in 2016 negotiating to buy a $400,000...

  • 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...

  • Goldman Sachs headquarters in New York City.

    Add house-flippers to Goldman Sachs' ever-expanding roster of potential clients as the Wall Street firm hunts for new ways to make money

  • 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...

  • The Hurun Report, China's best-known list of its wealthiest people, estimated that wealth held by Xu, founder of developer Evergrande, surged to $43 billion, moving him up nine places from last year. Evergrande, based in the southern city of Guangzhou, is one of China's biggest property developers. Familiar faces from China's tech industry rounded out the top five,...

  • 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...

  • SHANGHAI, Sept 25- China stocks fell on Monday, as developers slumped after a new round of government curbs to rein in the heated housing market. A number of provincial capitals across China have rolled out new measures to further slow home property sales, and bear down on lingering speculators that could destabilise markets ahead of a key Communist Party...

  • *Huizhou booms thanks to Greater Bay Area drive. China this year kicked off the development of the Greater Bay Area, made up of 11 cities in southern Guangdong province, plus Hong Kong and Macau located in the Pearl River Delta. One such city is Huizhou, which has some of the lowest home prices in the Greater Bay Area and is benefiting from a plan that aims to mimic the...

  • Sept 12- Hong Kong shares were steady on Tuesday, with the benchmark index staying close to more than two-year highs but not joining most Asian exchanges climbing after New York stocks surged overnight. Strength in consumer and resource shares were offset by declines in property developers and airline operators- sectors that benefit from a strong yuan, as...

  • Sept 12- Hong Kong shares were steady on Tuesday, with the benchmark index staying close to more than two-year highs but not joining most Asian exchanges climbing after New York stocks surged overnight. Strength in consumer and resource shares were offset by declines in property developers and airline operators- sectors that benefit from a strong yuan, as...

  • The industry installed 2.39 gigawatts of photovoltaic solar, up from 2.2 GW a year ago, the report by GTM Research and the Solar Energy Industries Association said. The non-residential market soared 31 percent to 437 megawatts, boosted by development of community solar projects in Minnesota and Massachusetts and corporate and industrial demand in...

  • Aug 24- Apple Inc is building a $1.375 billion data center project in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority. Apple will purchase 2,000 acres of land in Waukee to build two data centers. The bulk of the subsidy is a planned $188.2 million property tax...

  • HONG KONG, Aug 22- China's Country Garden Holdings Co Ltd ratcheted up its sales target for the year by 25 percent, citing strong room for domestic growth, after reporting a record high half-yearly net profit on booming property business in smaller cities. China's top property developer by sales posted a net profit of 7.5 billion yuan for the six months to June, its...

  • SHANGHAI, Aug 22- Hong Kong stocks ended higher for a second straight day on Tuesday, supported by upbeat earnings at some Chinese developers and modest gains on Wall Street. A sub-index that tracks Hong Kong- listed property and construction companies finished 1.16 percent higher. Analysts said the Hang Seng also gained some slight support from Wall Street...

  • *Dubai's Marka hit by earnings, GFH by share dilution. DUBAI, Aug 15- Middle Eastern stock markets sagged again on Tuesday because of a mediocre economic outlook, with a shock loss at a real estate developer weighing on Dubai and Egypt dropping for a sixth straight day. Union Properties sank 4.3 percent to 0.82 dirham after it reported a 2.29 billion dirham net loss...

  • Aug 7- Private massages are one indulgence that Macau real estate developer Ng Lap Seng must forgo as a condition of staying in his luxury Manhattan apartment after being convicted of bribing United Nations officials, a U.S. judge ruled on Monday. District Judge Vernon Broderick in Manhattan said at a court hearing that the 69- year-old billionaire could no...