Real estate industry
As Indian banks have reduced their loan exposure to real estate developers, private equity and offshore funds have found an opportunity to provide debt to these companies. This has led to the establishment of non-banking financial companies (NBFCs) by major players like Red Fort Capital, Credit Suisse, and Goldman Sachs,
Real estate industry
The State Bank of India (SBI) has decided to take a cautious approach in lending to real estate projects that are mired in disputes over land acquisition, following a recent Supreme Court ruling that asked the Uttar Pradesh government to return land acquired for realty projects. The decision was announced
Real estate industry
The real estate market in Vietnam is facing a liquidity crisis due to high interest rates and tighter credit, pushing several housing developers into bankruptcy. Experts at a recent seminar held in Hanoi by the Vietnam National Real Estate Association highlighted the need for the government to provide capital to
Real estate industry
The domestic real estate market in Vietnam is facing severe difficulties due to the credit-tightening policy implemented by the State Bank of Vietnam, resulting in a significant shortage of capital for many projects. The Ministry of Construction has submitted proposals to the SBV to adjust monetary policies, citing the need
Real estate industry
As the country faces unprecedented home foreclosure rates, a group of eight California real estate investors have agreed to plead guilty to their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California. The Department of Justice announced the
Real estate industry
Eight real estate investors in California have agreed to plead guilty to participating in a conspiracy to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California. The conspiracy involved refraining from bidding against one another at auctions in Contra Costa and Alameda counties, artificially
Real estate industry
Brett Matheson, a 46-year-old businessman, has pleaded guilty to conspiracy to commit wire fraud in a $50 million mortgage fraud scheme based in Phoenix. Matheson, as President and CEO of Maricopa Property Investment Solutions, Inc., recruited straw buyers in real estate seminars and facilitated the submission of mortgage loan applications
Real estate industry
Brett Matheson, 46, has pleaded guilty to conspiracy to commit wire fraud in a $50 million mortgage fraud scheme based in Phoenix. The scheme, which operated from January 2005 through September 2006, involved recruiting straw buyers in real estate seminars and submitting false mortgage loan applications. Matheson, as President and
Real estate industry
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has filed a lawsuit against CMM Realty Inc. for allegedly terminating an employee who reported potential asbestos exposure at one of the company's worksites. The lawsuit alleges that the company violated the Occupational Safety
Real estate industry
Kennedy Wilson, a leading international real estate investment and services firm, has made a significant move in the European market by acquiring Bank of Ireland Real Estate Investment Management (BOI REIM) in a €1.6 billion deal. This acquisition marks Kennedy Wilson's first purchase of an Irish and
Real estate industry
Connecticut's business community is set to benefit from a valuable workshop featuring expert speakers and insights on various aspects of entrepreneurship. Hosted by the Connecticut Real Estate Investors Association (CT REIA) in association with the National Association of Small Business Owners, the event will take place on June
Real estate industry
Inland Real Estate Corporation has announced the acquisition of Red Top Plaza, a 151,840 square foot neighborhood shopping center in the Village of Libertyville, a northern suburb of Chicago. The property is anchored by Jewel-Osco, a leading grocery retailer in the Chicagoland area with a market share of 40
