Real estate industry
Abu Dhabi Islamic Bank, a leading Islamic financial services group, is taking steps to revitalize the UAE real estate market with a range of attractive incentives. At Cityscape Abu Dhabi 2011, the bank introduced a suite of home finance solutions designed to cater to various segments of the property sector.
Real estate industry
A major milestone has been reached in the development of Millcreek Town Center, a 350,000 square foot open-air shopping center in Millcreek, PA. WS Development and Olympic Realty & Development Corporation have announced the closure of a 42-acre land deal, paving the way for the construction of a new
Real estate industry
Kilroy Realty Corporation (NYSE:KRC) has successfully closed its public offering of 6,037,500 shares, upsizing from the originally announced 4,500,000 shares. This deal includes 787,500 shares sold to the underwriters upon the exercise of their overallotment option. The net proceeds from the offering are approximately
Real estate industry
Real estate agents in North San Diego and Southwest Riverside counties report a significant reduction in the time it takes to complete short sales, a process that has long been plagued by delays and frustration for buyers and sellers. The improvement is attributed to lenders, mortgage servicers, and real estate
Real estate industry
Home loan growth in India flatlined in February due to high property prices and interest rates, with banks witnessing a sequential slowdown in sales of property. Despite an increase in lending by 15.2% in February compared to a year ago, the sector faces challenges in the form of high
Real estate industry
Largo Real Estate Advisors, a commercial mortgage banking company, has implemented Financial Industry Computer Systems, Inc.'s (FICS) Commercial Servicer to automate the servicing of its portfolio of commercial real estate loans. With FICS' Commercial Servicer, Largo can efficiently manage its 300 commercial loans in one system, reducing
Real estate industry
Toll Brothers and Deutsche Bank have completed a private transaction involving the purchase of a portfolio of non-performing loans with outstanding balances totaling approximately $200 million. The assets, located in nine states and Washington D.C., consist primarily of residential acquisition, development, and construction loans secured by properties at various
Real estate industry
The State Bank of India (SBI), the largest lender in India, is expected to post a decline in year-on-year growth in home loans in the current fiscal year, according to a top official of the bank. Last fiscal year, SBI had recorded a year-on-year growth of 32% in home loan
Real estate industry
The 22nd edition of the MIPIM, held in Cannes from March 8-11, brought together major players in the real estate industry from around the world. The event saw an increase in participation, with over 18,400 delegates, including nearly 4,000 investors, attending the conference. The market reports released during
Real estate industry
Inland Real Estate Acquisitions, Inc. has announced the acquisition of the 97,011-square-foot Waxahachie Crossing shopping center in Waxahachie, Texas, for approximately $15.5 million. This property was acquired on behalf of Inland Diversified Real Estate Trust, Inc. and marks the company's first retail acquisition in Texas. The
Real estate industry
The residential real estate market in Israel has reached a boiling point, with prices skyrocketing and affordable housing becoming a distant dream for many citizens. Nissim Bublil, president of the Association of Contractors and Builders in Israel, expressed concern that the market has become overheated, with apartments being treated as
Real estate industry
A real estate investor pleaded guilty to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California. Yama Marifat, 38, of Pleasanton, pleaded guilty to conspiring with a group of real estate speculators who agreed not to bid against each
