Real estate industry
Leading Real Estate Companies of the World organization, representing over 600 premier real estate companies across 35 countries, recognizes Intero for design excellence. Intero Real Estate Services, a U.S. real estate brokerage, has recently expanded globally through its franchisor arms. The company's flagship website, interorealestate.com, was
Real estate industry
Twenty-seven new homes under construction in Shirecliffe will be equipped with solar panels, reducing energy bills for tenants and decreasing carbon emissions for the authority. The council has secured a £112,000 grant from the Department of Energy and Climate, as well as a £1.5 million grant from the
Real estate industry
Crude oil prices climbed on Tuesday, coinciding with higher equity markets, despite ongoing concerns about a rescue package for Greece's debt and the strength of the economic recovery. The National Association of Realtors reported a 0.6% decline in existing home sales in February, less than expected, which
Real estate industry
The Indian industry body Assocham has made a plea to the government to revoke the proposed service tax on real estate developers during construction, citing concerns that it would increase the tax burden on home buyers and negatively impact the sector's recovery. The government's decision to
Real estate industry
Leading real estate investment trust UDR, Inc. has partnered with Coulomb Technologies to install six networked electric vehicle (EV) charging stations at its 464-unit apartment community, The Belmont, in Dallas, Texas. This installation is the first of its kind in the United States, marking a significant milestone in the adoption
Real estate industry
The commercial real estate industry is facing an enormous debt crunch, with hundreds of billions of dollars in debts coming due in the next year. To alleviate this crisis, industry groups and lawmakers are pushing Congress to modify the 1980 Foreign Investment in Real Property Tax Act (FIRPTA), which imposes
Real estate industry
SL Green Realty Corp. has announced a significant financial move, commencing a $250 million senior notes offering in a private transaction, subject to market conditions. The company intends to use the net proceeds to fund its concurrent tender offer for outstanding notes of Reckson and SL Green Operating Partnership, L.
Real estate industry
The Indian government has extended the interest subvention scheme on home loans up to Rs 1 million (US$21,701) by a year, aiming to boost demand for low-cost housing. Finance Minister Pranab Mukherjee announced the extension in the Budget speech, stating that the scheme will continue until March 2011.
Real estate industry
The Indian government has proposed to bring all commercial renting under the service tax, as announced by Finance Minister Pranab Mukherjee in the Union Budget 2010-11. This move aims to tax the rent collected from commercial tenants, with the owners being required to pay service tax on the collected amount.
Real estate industry
Getty Realty Corp. has released preliminary results for the quarter and year ended December 31, 2009, indicating significant increases in net earnings. The Long Island-based real estate investment trust attributes this growth primarily to the acquisition of 36 Exxon-branded convenience and petroleum retail properties in Prince George's County,
Real estate industry
Despite scarce global financial resources, foreign investors have continued to pump in funds into India's housing and real estate sectors, driven by the country's burgeoning economy and liberal foreign investment norms. The sharp rise in Foreign Direct Investment (FDI) in the Indian construction and realty sectors
Real estate industry
As the economy begins to rebound, the outlook for senior housing is looking increasingly positive, with occupancy rates in independent-living and continuing-care retirement communities beginning to stabilize after nine quarters of decline. According to market research firm ProMatura Group, the demand for senior housing is driven by pent-up need, and
