Real estate industry
Duke Realty Corporation, a leading industrial, medical office, and suburban office property REIT, reported strong earnings for the first quarter of 2011. Despite a challenging economy, the company made significant progress on its repositioning strategy, disposing of primarily Midwest office assets for over $456 million and completing industrial acquisitions worth
Real estate industry
The impact of rising raw material costs is expected to be felt across several key sectors in India, with profitability dropping sharply in the fiscal year 2011-12. According to a Crisil Research report, the operating margins of companies in 17 out of 20 services and manufacturing sectors surveyed are likely
Real estate industry
Abu Dhabi Islamic Bank, a leading Islamic financial services group, is taking steps to revitalize the UAE real estate market with a range of attractive incentives. At Cityscape Abu Dhabi 2011, the bank introduced a suite of home finance solutions designed to cater to various segments of the property sector.
Real estate industry
The Canadian Realty Finance Corporation, a mutual fund corporation, has announced that Institutional Shareholder Services Inc. (ISS) has recommended that its clients vote in favor of the special resolution to approve the acquisition by Green Tree Capital Management Corp. This recommendation is significant as ISS is a leading independent international
Real estate industry
A major milestone has been reached in the development of Millcreek Town Center, a 350,000 square foot open-air shopping center in Millcreek, PA. WS Development and Olympic Realty & Development Corporation have announced the closure of a 42-acre land deal, paving the way for the construction of a new
Real estate industry
Kilroy Realty Corporation (NYSE:KRC) has successfully closed its public offering of 6,037,500 shares, upsizing from the originally announced 4,500,000 shares. This deal includes 787,500 shares sold to the underwriters upon the exercise of their overallotment option. The net proceeds from the offering are approximately
Real estate industry
Real estate agents in North San Diego and Southwest Riverside counties report a significant reduction in the time it takes to complete short sales, a process that has long been plagued by delays and frustration for buyers and sellers. The improvement is attributed to lenders, mortgage servicers, and real estate
Real estate industry
Home loan growth in India flatlined in February due to high property prices and interest rates, with banks witnessing a sequential slowdown in sales of property. Despite an increase in lending by 15.2% in February compared to a year ago, the sector faces challenges in the form of high
Real estate industry
Toll Brothers and Deutsche Bank have completed a private transaction involving the purchase of a portfolio of non-performing loans with outstanding balances totaling approximately $200 million. The assets, located in nine states and Washington D.C., consist primarily of residential acquisition, development, and construction loans secured by properties at various
Real estate industry
Largo Real Estate Advisors, a commercial mortgage banking company, has implemented Financial Industry Computer Systems, Inc.'s (FICS) Commercial Servicer to automate the servicing of its portfolio of commercial real estate loans. With FICS' Commercial Servicer, Largo can efficiently manage its 300 commercial loans in one system, reducing
Real estate industry
The State Bank of India (SBI), the largest lender in India, is expected to post a decline in year-on-year growth in home loans in the current fiscal year, according to a top official of the bank. Last fiscal year, SBI had recorded a year-on-year growth of 32% in home loan
Real estate industry
The 22nd edition of the MIPIM, held in Cannes from March 8-11, brought together major players in the real estate industry from around the world. The event saw an increase in participation, with over 18,400 delegates, including nearly 4,000 investors, attending the conference. The market reports released during
