Real estate industry
Qatar Islamic Bank and the Public Administration Department of the Ministry of Awqaf and Islamic Affairs have collaborated on a significant real estate project, valued at QR54 million. This large-scale initiative, foreseen as one of the Ministry's biggest projects for the 2011 to 2012 financial year, involves the
Real estate industry
In a recent acquisition, Perseus Realty Partners, LLC, and Ferncroft Capital have purchased the Park Avenue building in Charlotte, NC's South End. The 92,000 square-foot development boasts two floors of office space, street front retail on the ground floor, and a 485-space 4-level parking garage. Notable tenants
Real estate industry
Developments in infrastructure, including the opening of the HCM City-Trung Luong Expressway in February 2010, have significantly improved travel times between Long An and HCM City, making the province an attractive destination for property investors. Since late 2010, land prices near HCM City have increased by between VND500,000 (US$
Real estate industry
Car Charging Group Inc. and American Clean Energy announced their plans to exhibit an electric vehicle (EV) charging station at the International Council of Shopping Centers' (ICSC) global retail real estate convention, Recon 2011, held at the Las Vegas Convention Center from May 22 to 25. The exhibit will
Real estate industry
Mumbai's stock market benchmarks closed the day down, dragged by weakness in global cues that affected sentiment. The Realty, metals, and banks sectors led the decline, while the healthcare sector bucked the trend. The National Stock Exchange's Nifty 50 index closed at 5,497.70, down
Real estate industry
AEGON USA Realty Advisors, LLC, the commercial real estate investment and management arm of AEGON USA, has had its commercial mortgage-backed securities (CMBS) special servicer rating affirmed by Fitch Ratings. The rating is based on the company's experienced staff and the additional CMBS servicing experience gained in the
Real estate industry
In January 2010, Barclays Plc won a court order against borrowers who had taken mortgages on their real estate assets with the bank. The ruling was based on Dubai Law No. 14 of 2008 (Mortgage Law), which governs mortgages in Dubai. The Mortgage Law streamlines the foreclosure process, allowing lenders
Real estate industry
A new rule from the Federal Trade Commission (FTC) aimed at protecting homeowners from mortgage relief scams may have significant implications for real estate professionals who represent clients involved in short sale transactions. The FTC's Mortgage Assistance Relief Services (MARS) rule, which took effect on January 31, 2011,
Real estate industry
PVR Ltd. has announced its plan to sell the Phoenix Mill mall property in central Mumbai, with a price tag of ₹80-100 crore. The company aims to adopt a sale and lease back model for its cinema theatre in the same property, allowing it to continue operating its business while
Real estate industry
The impact of rising raw material costs is expected to be felt across several key sectors in India, with profitability dropping sharply in the fiscal year 2011-12. According to a Crisil Research report, the operating margins of companies in 17 out of 20 services and manufacturing sectors surveyed are likely
Real estate industry
Duke Realty Corporation, a leading industrial, medical office, and suburban office property REIT, reported strong earnings for the first quarter of 2011. Despite a challenging economy, the company made significant progress on its repositioning strategy, disposing of primarily Midwest office assets for over $456 million and completing industrial acquisitions worth
Real estate industry
The Canadian Realty Finance Corporation, a mutual fund corporation, has announced that Institutional Shareholder Services Inc. (ISS) has recommended that its clients vote in favor of the special resolution to approve the acquisition by Green Tree Capital Management Corp. This recommendation is significant as ISS is a leading independent international
