Real estate industry
As the Roghun hydropower plant nears completion, thousands of people are being relocated to make way for the project's construction. According to Tajik Labor Minister Makhmadaminov, approximately 1,500 families with 6,538 members will be moved, with nearly 453 families already relocated. The resettlement process is expected
Real estate industry
Duke Realty Corporation, a leading industrial and office property REIT, announced its second quarter 2010 results, showcasing solid operating performance and a strategic focus on repositioning its portfolio. The company's chairman and chief executive officer, Dennis D. Oklak, highlighted the acquisition of quality industrial assets as a significant
Real estate industry
Davao City, known for its vibrant ecosystem, has taken a significant step towards environmental protection with the launch of the Davao Green campaign. The campaign, initiated by the Chamber of Real Estate and Builders' Association (CREBA), aims to promote green development, green energy, and green technology in the city&
Real estate industry
Realty Income Corporation, a leading real estate company specializing in net-leased properties, has declared a common stock dividend of $0.143625 per share, payable to shareholders of record as of August 2, 2010. The dividend represents an annualized amount of $1.7235 per share and marks the 481st consecutive monthly
Real estate industry
A consortium led by Kumho Investment Bank is poised to reap significant profits from the sale of a high-profile building in New York City. The group has secured a deal to sell one of the two former AIG headquarters buildings, known as 72 Wall, to Deutsche Bank for $60 million,
Real estate industry
Indian diamond jewelry player Gitanjali Group, which has recently ventured into the real estate sector, expects significant revenue from its luxury residential and commercial projects in suburban Mumbai. The company, through its subsidiary Gitanjali Infratech, is developing a total of 8 lakh sq ft of land, which includes a luxury
Real estate industry
A previously unfamiliar practice in the commercial real estate market is now appearing in the residential sector, as distressed homeowners face an unexpected threat: auctions of their nonperforming home mortgages. The wife of a Painesville family was shocked to learn that her $248,676 loan on their 2004 Colonial was
Real estate industry
The Las Vegas retail market continues to struggle, with high unemployment and tight consumer spending hindering any chance of economic recovery. The market's retail performance dipped again in the second quarter, with 345,000 square feet of space returned to the market, equivalent to the size of three
Real estate industry
The demand for residential property in India has taken a significant hit due to the sharp rise in prices, resulting in a massive stock of unsold inventory in cities like Delhi and Mumbai. According to Pankaj Kapoor, managing director of Liases Foras, the high prices charged by developers are the
Real estate industry
Nepal Rastra Bank (NRB) has introduced a new measure to ease the repayment of real estate loans, aiming to stimulate the stagnant realty market. As per the new circular issued on Monday, banks can renew or restructure real estate loans for up to one year for one time, provided the
Real estate industry
Realty Income Corporation, a US-based equity real estate investment trust, has completed the acquisition of Diageo Chateau & Estate Wines properties in Napa Valley, with Diageo closing $258 million of the approximately $269 million transaction. The properties include 1,690 acres of vineyards, winery, production, retail, and visitor center buildings
Real estate industry
Realty Income Corporation, a leading real estate investment trust (REIT), has completed the acquisition of Diageo Chateau & Estate Wines properties for $258 million, marking another significant milestone in the company's history. The acquisition includes approximately 1,690 acres of vineyard properties, as well as winery, production, retail,
