Real estate industry
Duke Realty Corporation, a leading industrial and office property REIT, today reported its third quarter 2010 financial results, highlighting a solid quarter operationally, with portfolio occupancy increasing to 88.9 percent and the execution of over 8.5 million square feet of leases, the best leasing quarter in terms of
Real estate industry
Realty Income Corporation, a leading real estate company listed on the New York Stock Exchange, has announced the declaration of its common stock dividend. The dividend of $0.1439375 per share will be payable on November 15, 2010, to shareholders of record as of November 1, 2010. This marks the
Real estate industry
Citigroup Inc. has lowered its 2010 Fund From Operations (FFO) estimate for Associated Estates Realty Corp. from $0.89 to $0.84, citing the company's recent share issuance and plans to utilize the proceeds for acquisitions, debt repayment, and corporate purposes. This development has triggered an uptrend alert
Real estate industry
Chinese bankers are grappling with two significant concerns: the risk of falling housing prices and the outstanding loans to local governments via financing platforms. A survey by the China Banking Association and PricewaterhouseCoopers found that 72% of Chinese bankers believe the risk of plummeting housing prices remains their top concern.
Real estate industry
The US economy is struggling with sluggish growth, and Deutsche Bank's Chief US Economist, Peter Hooper, attributes this underperformance to households' cautious spending behavior. According to Hooper, the key factor is that households have been deleveraging, reducing their debt levels, and this process is critical in determining
Real estate industry
The Securities and Exchange Commission (SEC) has charged Robert R. Anderson, owner of Rosand Enterprises, with perpetrating a Ponzi scheme that promised investors extraordinary returns from a real estate business. Anderson issued promissory notes to investors, claiming returns ranging from 10 to 20 percent per month, but instead used investor
Real estate industry
Oberoi Realty, a leading real estate developer in Mumbai, has set the stage for its Initial Public Offering (IPO) with a price band of Rs 253 - 260 per share. This move is aimed at raising 1,000 crores, with 39,562,000 equity shares of Rs 10 each on
Real estate industry
The United States has been examining its housing finance system amidst the housing market turmoil. A Senate committee hearing featuring experts from academia and policy organizations shed light on international comparisons and potential reforms for the US system. The discussion centered on mortgage interest rates, prepayment penalties, and the mortgage
Real estate industry
Kalpataru Ltd, a prominent real estate firm focused on premium residential, commercial, and retail projects, has filed a Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) of Rs.1,008 crore. The company plans to raise an additional Rs.200 crore through a pre-IPO placement by issuing
Real estate industry
As part of a further crackdown on tax evasion, the Australian Taxation Office (ATO) has announced that it will be scrutinizing motor vehicle and property sales to identify taxpayers who may not be meeting their tax obligations. The ATO will be matching updated information from the states and territories against
Real estate industry
Australia's Brickworks Ltd (ASX:BKW) has announced a decline in annual net profit, largely due to its shareholding in Washington H Soul Pattinson & Co Ltd (ASX:SOL), which reported an 80% drop in net profit. The company forecasts a short-term softening in demand as government stimulus work
Real estate industry
Following a decade-long economic slump, Sri Lanka is poised for rapid growth, particularly in the real estate sector, according to Ceylon Theatres, a leading conglomerate. The company has noted significant progress in its residential development project, Empire, with 85% of apartments sold and 10% signed up. Additionally, the company has
