Real estate industry
Developers Diversified Realty (DDR) and MasterCard International have entered into a multi-year sponsorship and marketing agreement, making MasterCard the preferred card at Developers Diversified's 15 shopping centers in Puerto Rico. The partnership will provide MasterCard with exclusive representation at the shopping centers, brand identification, and promotional opportunities centered
Real estate industry
Real estate agents and consumers can now access exclusive home listings on-the-go, thanks to Explicit Media Inc.'s innovative multimedia marketing solution, Real Estate Home Show. By partnering with Apple, this product enables users to download video listings directly to the Apple iPod, revolutionizing the way properties are marketed
Real estate industry
Developer Syd Kitson unveiled plans for affordable housing for teachers at the Babcock Ranch, a 91,000-acre development in Charlotte and Lee counties. The "work force housing" units will be priced based on teacher salaries and reserved for teachers. Kitson also considered building housing for school support staff,
Real estate industry
The Madison City Council is on the brink of a full-blown debate over the city's inclusionary zoning law, which requires developers to include some affordable housing in most new construction. The law has been in place since 2003, but it faces opposition from a real estate group that
Real estate industry
As the United States seeks to improve its energy independence, the real estate industry has demonstrated its commitment to addressing supply and demand challenges through historic successes in energy efficiency and conservation. The Real Estate Roundtable, led by Chairman Robert J. Lowe, has urged the Administration to leverage public-private partnerships
Real estate industry
William Ackman, founder of Pershing Square Capital, will present his proposals for McDonald's to unlock "hidden" value and return funds to investors at a "value investing" conference tomorrow. Ackman's proposals, which include selling off 65% of McDonald's company-owned restaurants and
Real estate industry
Linens 'n Things, Inc., a leading national large format retailer of home textiles, housewares, and home accessories, has entered into a definitive agreement to be acquired by a company newly formed and controlled by Apollo Management, L.P. on behalf of itself and its managed funds, together with certain
Real estate industry
The National Association of Realtors (NAR) has been facing criticism over its policies restricting competition among real estate brokers, with the US Department of Justice (DOJ) filing a lawsuit against the NAR on September 8, alleging that its Virtual Office Website policy and Internet Listing Display policy obstruct real estate
Real estate industry
Vietnam's construction steel demand has faced a sudden slump, with 200,000 tonnes sold in October, a 17.5% decline from the previous month, according to the Vietnam Steel Association (VSA). The association attributes this drop to the frozen real estate market, natural disasters, and buyers waiting for
Real estate industry
Stephen R. Casper, a Realtor from the Cincinnati area, was honored with the prestigious Distinguished Service Award by the National Association of Realtors for his outstanding contributions and service to the real estate industry and his local community. The award, established in 1979, recognizes Realtors who have served with distinction
Real estate industry
Pennsylvania Real Estate Investment Trust (PREIT), a leading equity REIT in the US, has announced a quarterly cash dividend of $0.57 per common share, marking its 115th consecutive distribution since its initial dividend in 1962. This consistency in dividend payments is a testament to PREIT's commitment to
Real estate industry
A federal jury convicted 53-year-old J.R. Parker of swindling homeowners and mortgage companies out of millions of dollars by marketing houses at inflated prices without disclosing the true sales proceeds to buyers and mortgage financiers. Parker, whose real estate business was based in Jacksonville, accepted a $14 million forfeiture
