Real estate industry
The global real estate management and property management services market has experienced a stagnant performance in recent years, with Europe being the strongest regional performer. Within the US market, a promising area of growth lies in the continued popularity of large-scale discount and specialty stores. Key players in the global
Real estate industry
The Brookfield Consortium, consisting of Brookfield Properties, CPP Investment Board, and Arca Investments Inc., has completed the takeover of O&Y REIT and O&Y Properties Corporation following the satisfaction of all conditions related to the offer. The offer, which expired on October 17, 2005, saw 86.6%
Real estate industry
Education Realty Trust, a leading owner and operator of collegiate student housing, has been selected to develop a new student housing project at Indiana University of Pennsylvania (IUP). The project, valued at $230 million, will replace existing student housing with newly constructed residential facilities, providing 3,600 student beds. This
Real estate industry
Arbor Realty Trust, a real estate investment trust, has announced the resignation of Robyn Stern, Executive Vice President of Asset Management, effective immediately. Stern is leaving to pursue other professional opportunities. Mark Fogel, Senior Vice President of Asset Management, will report directly to Ron Gaither, Chief Operating Officer of Arbor
Real estate industry
The Reserve Bank of Australia's decision to maintain the overnight cash rate at 5.50 percent has been vindicated by recent building approvals and motor vehicle sales figures. The number of residential building approvals fell by 8.0 percent in August, defying expectations of a marginal increase, with
Real estate industry
Thousands of disabled, widows, and helpless Afghan women will receive new homes in two residential colonies being constructed in the northern Takhar province. The Women Affairs Ministry, under Minister Dr. Masooda Jalal, is executing the projects that aim to benefit women whose homes were destroyed and family members killed in
Real estate industry
Consumer confidence took a severe hit in September as Hurricane Katrina's devastation led to concerns about heating costs and gas prices, causing the biggest drop in 15 years. The decline in confidence raises questions about consumer spending for the holiday season, while new-home sales also plummeted in August,
Real estate industry
South Korea's reliance on low levels of housing taxes has resulted in a significantly lower ratio of home taxes to total tax revenue compared to other advanced nations in 2003. According to the Bank of Korea, the ratio stood at 9.6 per cent in 2003, far below
Real estate industry
The Queensland government has greenlit a A$1 billion lifestyle precinct in Townsville, which includes a new cruise ship terminal, expected to cater for up to 40,000 visitors each year. The Ocean Terminal development will be a joint venture between Tabcorp Holdings Ltd and Consolidated Properties Ltd, with the
Banking industry
As petrol prices soar and the housing sector softens, Australian consumers have entered an era of market conservatism, shunning new personal debt, economists said. The Australian Bureau of Statistics (ABS) reported a decline in total personal finance commitments in July, while commercial finance and dwelling purchases also saw significant drops.
Banking industry
The Reserve Bank of Australia (RBA) raised interest rates in February, and since then, new lending for housing has been trending lower, fueling concerns about the outlook for employment. The Australian Bureau of Statistics (ABS) data shows that new lending for homes fell by three per cent in July to
Industry regulations
The South Korean government is engaged in an effort to balance its dual goals of curbing the country's rapidly rising real estate prices and promoting economic growth. The government's economic policymakers are determined to tackle the issue of out-of-control real estate prices, which have seen some
