Real estate industry
Server Farm Realty, Inc. (SFRI) has acquired the eight-story, 443,446 SF building located in downtown Chicago at 840 S. Canal St. The property was previously used for General Electric manufacturing and later repurposed as a check-processing and backup operations site for two prominent financial institutions. SFRI plans to transform
Real estate industry
Duke Realty Corporation, a leading industrial, office, and medical office property REIT, reported solid operational and financial performance for the fourth quarter and full year 2010. The company's chairman and CEO, Dennis D. Oklak, attributed the success to a well-executed strategic plan to reposition the company's
Real estate industry
A 61-year-old Cincinnati resident, Michael R. Macke, has been charged with bankruptcy fraud, perjury, and money laundering in a 10-count indictment. The charges allege that Macke, a golf course and real estate developer, transferred approximately $471,462.70 in funds in May 2007, prior to filing bankruptcy in November 2007.
Real estate industry
Choung Byoung-gug, the South Korean culture minister-designate, faced intense questioning over real estate speculation and financial dealings at his one-day confirmation hearing. The main opposition Democratic Party (DP) accused Choung of building a warehouse on a rice field, allegedly raking in a profit when he sold the land, and violating
Real estate industry
Canadian shopping malls and consumers will reap the benefits of the marketing might of American retail giant Target Corp. following the $1.825 billion buyout of Zellers Inc., according to analysts and mall owners. The deal will likely drive traffic to malls and have a large spillover effect to other
Real estate industry
AMB Property Corporation, a leading owner, operator, and developer of global industrial real estate, announced that Eugene F. Reilly, the company's president, Americas, will participate in Deutsche Bank's 2011 Real Estate Outlook Conference. Reilly will join a panel discussion, "The Industrials Panel," moderated by
Real estate industry
The new upgrade for real estate investor websites provided by RealEstateInvestorsWebSites.net allows investors to manage various aspects of investing from a single back office, including comparable sales, repair and deal analysis, short sales, closing, email campaigns, and more. This upgrade is designed to reduce workload and increase efficiency, enabling
Real estate industry
The Indian markets started the new year on a strong footing, with the bulls taking the lead despite a slow morning session. The key indices, Sensex and Nifty, showed significant gains, with the BSE's Sensex jumping 86.12 points to reach 20,595.21, a 0.42% increase.
Real estate industry
The cost of buying an apartment in New York has skyrocketed to 25 times more than the cost of renting, a trend that has historically only been seen once before, in 2009. Wealthy New Yorkers are increasingly opting to rent instead of buy, with a waiting list to find units
Real estate industry
Mumbai's residential property market is likely to stabilise and may see a 10-15% price drop as developers struggle to sell flats at current 'unimaginable' rates. The sales of residential property in the city have been declining, with November witnessing the lowest number of transactions since June
Real estate industry
The Asia-Pacific region saw significant real estate updates in December 2010, with various projects and transactions underway. In Indonesia, the Situ Gintung embankment, which collapsed in March 2009, was set to be redeveloped with a face-lift and fully operating from June 2011. In the Philippines, Alliance Global Group Inc. (AGI)
Real estate industry
Duke Realty Corp. has successfully completed a series of transactions worth $967 million to reposition its portfolio, marking a significant shift in its long-term strategy. The company has sold its joint-venture interest in 20 suburban office buildings to CB Richard Ellis Group, Inc. and acquired 51 industrial properties and 5
