Real estate industry
The booming Indian realty and construction sectors have attracted significant foreign direct investment in the first half of the current fiscal year, with a total of Rs 12.52 billion (US$284 million) pouring in through various routes. Three major real estate companies, Orange Realty, Mantri Developers, and Alpha G
Real estate industry
Glacier Concept's Leverage Personal Edition software provides individual investors in real estate with the tools to maximize profitability and negotiate effectively with lenders and brokers. By informing users what lender loan costs and interest rates are negotiable, the software enables investors to compare lenders side by side and
Real estate industry
Karen M. Heisler, a seasoned human resources professional with over 20 years of experience, has been appointed as the senior vice president of human resources at Brandywine Realty Trust. Heisler brings a wealth of expertise in improving organizational performance through talent development and retention, change management, business policy and process
Real estate industry
Landco Pacific Corp., a Manila-based real estate developer, is set to launch its first multi-billion peso residential-mountain resort project in Cebu, marking the company's entry into the Visayas and Mindanao region. The project, which requires an initial investment of P5 billion (US$96.5 million), will be developed
Real estate industry
Apollo Management, a New York buyout firm led by Leon Black, has agreed to purchase Realogy, the owner of Century 21 and Coldwell Banker real estate companies, for $6.6 billion. The deal, valued at $9 billion including debt, marks a possible sign that the US housing slump has touched
Real estate industry
The explosion of year-end bonuses on Wall Street has left retailers, restaurateurs, and real estate brokers optimistic about a surge in sales, especially in the luxury goods and real estate markets. The anticipated bonuses of $21.5 billion, surpassing last year's record, are expected to boost confidence among
Real estate industry
Ambuja Realty Group has entered into a strategic tie-up with Elbit Medical Imaging Ltd (EMI) of Israel to develop a Rs 10 billion (US$223.6 million) 1000-bed multi-specialty hospital in Kolkata. The hospital, to be set up on over 30 acres at Chakberia near the E M Bye-Pass in
Real estate industry
Vornado Realty Trust, a fully-integrated equity real estate investment trust, has announced a public offering of 8,100,000 common shares, securing approximately $1 billion in net proceeds. The offering, led by underwriters Lehman Brothers and J.P. Morgan, grants the underwriters an option to purchase an additional 1,215,
Real estate industry
Mack-Cali Realty Corporation, a leading real estate investment trust (REIT), has announced the declaration of a cash dividend of $0.64 per common share, representing an annual rate of $2.56 per common share, for the period from October 1, 2006 through December 31, 2006. The dividend will be paid
Real estate industry
The Board of Directors of Neuberger Berman Realty Income Fund Inc. has declared a special distribution of $0.66550 per share payable to shareholders on December 29, 2006. This special distribution helps meet the Fund's 2006 distribution requirements for federal tax purposes. The distribution may consist of net
Real estate industry
BRT Realty Trust, a Great Neck, NY-based mortgage-oriented real estate investment trust, has announced the launch of a public offering of 2,800,000 common shares. The company has granted the underwriters an option to purchase up to 420,000 additional shares to cover over-allotments. The offering is being managed
Real estate industry
The Blackstone Group has agreed to acquire Equity Office Properties Trust, the largest office-building owner and manager in the United States, for approximately $36 billion. This deal marks the largest leveraged buyout in history, outpacing the $33 billion paid for HCA, a major hospital chain, earlier this year. The acquisition
