Real estate industry
The Bombay Stock Exchange witnessed a significant gain in rate-sensitive stocks like banking and realty after the Reserve Bank of India announced its mid-quarter review of monetary policy, keeping interest rates unchanged. The BSE banking index surged 236.23 points, or 1.86 percent, to settle at 12,958.88
Real estate industry
HCR ManorCare, a leading US nursing and assisted living firm, has agreed to sell the majority of its real estate assets to health care real estate investment trust HCP for $6.1 billion. The deal, announced in a joint statement, marks a significant divestment for HCR ManorCare, which is part
Real estate industry
The Bombay Stock Exchange (BSE) benchmark Sensex shed 46.67 points to settle at 19,934.64 due to negative investor sentiment triggered by a hike in deposit rates by banks. Despite strong global cues, the Sensex closed lower. The National Stock Exchange (NSE) Nifty also dipped by 15.70
Real estate industry
SL Green Realty Corp. and Gramercy Capital Corp. have announced an agreement where SL Green will purchase investments from Gramercy Capital Corp. for $390.8 million, including $265.6 million in debt. This transaction is expected to close within the next 90 days, subject to certain conditions. The deal includes
Real estate industry
Simon Property Group Inc. has made a $3.6 billion acquisition offer for Capital Shopping Centers Group Plc, the largest shopping center operator in the U.K. The offer was disclosed when Capital Shopping announced an agreement to buy the Trafford Centre shopping mall for $1.2 billion in shares
Real estate industry
EXIT Realty Corp. International, a leading real estate franchise, has reaffirmed its commitment to Habitat for Humanity, pledging an additional $313,000 to support the non-profit organization's mission to eradicate poverty housing. This new contribution brings the company's total dedication to $2 million, a testament to
Real estate industry
The housing finance scam in India has dealt a devastating blow to the financial and realty sectors, with major lenders and real estate companies suffering significant losses. On November 26, the Bombay Stock Exchange witnessed a plunge of up to 10% in stocks of prominent lenders, including Punjab National Bank,
Real estate industry
The Central Bureau of Investigation's (CBI) raids on companies allegedly involved in the housing scam sent shockwaves through the markets on Wednesday, impacting multiple sectors and individual stocks. The stocks that felt the brunt of the backlash were those with direct or indirect links to the companies raided
Real estate industry
Realtor.com, the nation's No. 1 homes-for-sale website, is expanding its global presence by offering translation services and increasing its international market reach. The move aims to provide a more comprehensive and personalized experience for international visitors, making it easier for them to search for listings in their
Real estate industry
The U.S. Department of Veterans Affairs (VA) plans to enter into an Enhanced-Use Lease (EUL) for the 1889 Soldiers Home Chapel (Building #12), the 1901 Chaplain's Quarters (Building #16), and surrounding land at the Clement J. Zablocki VA Medical Center in Milwaukee, Wisconsin. The selected Lessee will
Real estate industry
Parsvnath Developers, a leading real estate developer, has secured the bid to develop 38 acres of prime land in the heart of Delhi for the construction of residential projects. The land, owned by Indian Railways, was auctioned for Rs 1,651.52 crore, making it the second-largest land deal in
Real estate industry
Christopher B. Maselli, a former Rhode Island state senator and real estate attorney, pleaded guilty to eight counts of bank fraud, falsifying bank and tax documents, and lying about his income and assets to obtain over $1.7 million in mortgages and loans. Maselli's scheme, which spanned from
