Real estate industry
Brazilian real estate developer PDG Realty's stock dropped sharply after its controlling shareholder, FIP PDG I, announced plans to sell its entire 111.65 million-share stake in a secondary offering. This move, which could total up to 1.94 billion reais ($1.12 billion), has put pressure on
Real estate industry
Redfin, a Seattle-based online real estate company, has launched in the Atlanta market with a bold new approach to agent compensation and customer rewards. The company aims to change the traditional real estate model by paying agents a base salary, rather than a commission, and giving customers a share of
Real estate industry
The real estate industry in India experienced a rollercoaster ride in 2009, hit by the global economic downturn but also witnessing a slowdown in prices and improvements in liquidity. Developers and industry experts share their insights on the sector's performance in 2009 and their expectations for 2010. Key
Real estate industry
California home sales increased 4.7% in November compared with the same period a year ago, while the median price of an existing home rose 5.8%, according to data from the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). The surge in sales is attributed to first-time buyers taking advantage
Real estate industry
A surge in home sales and a boost in demand has marked the Las Vegas housing market, with existing home sales increasing by 50.8 percent in November to 3,952, according to data from SalesTraq. The median resale price of $125,000 is down 27.5 percent from the
Real estate industry
On December 11, 2009, ValuEngine, Inc. announced the upgrade of five companies to its highest rating of "5." The upgraded companies included Brandywine Realty Trust (NYSE: BDN), Toronto-Dominion Bank (NYSE: TD), Centurytel Inc (NYSE: CTL), China Security & Surveillance Te (NYSE: CSR), and Hickory Tech Corp (NASDAQ: HTCO)
Real estate industry
Kimco Realty Corporation, North America's largest owner and operator of neighborhood and community shopping centers, has announced plans to sell 25,000,000 shares of newly issued common stock in an underwritten public offering. The company aims to raise funds to partially repay amounts borrowed under its $1.
Real estate industry
Attorney General Mike Cox announced the early morning arrest of Rita Gosselin, a 58-year-old woman from Grosse Ile, who is accused of defrauding dozens of people in a massive real-estate Ponzi scheme. Gosselin allegedly orchestrated numerous fraudulent real estate investments and stole hundreds of thousands of dollars from Michigan families.
Real estate industry
Intuit's Real Estate Solutions unit, a leading provider of software and services to the real estate management and investment industry, is being sold to Vista Equity Partners for approximately $128 million in cash. This move by Intuit is part of the company's strategy to focus on
Real estate industry
Securitization and unitization of the real estate market are emerging as viable alternatives to promote mortgage financing in Nigeria. Despite efforts by the government to establish a vibrant mortgage market and primary mortgage institutions, the sector has yielded little results. Industry experts believe that a deliberate mass participation by the
Real estate industry
Scotland's SNP government is proposing to create a massive national quango, the National Housing Trust (NHT), to buy unsold new homes and rent them to middle or low-income families. The plan, backed by Communities Minister Alex Neil, aims to address housing needs and help housebuilders through the recession.
Real estate industry
The Consumer Price Index (CPI) for October rose by 0.3%, higher than the expected 0.2%, driven primarily by increases in energy costs and car prices. The core consumer price index, which strips out food and energy prices, rose 0.2%, also higher than the 0.1% expected. The
