Real estate industry
The Las Vegas retail market continues to struggle, with high unemployment and tight consumer spending hindering any chance of economic recovery. The market's retail performance dipped again in the second quarter, with 345,000 square feet of space returned to the market, equivalent to the size of three
Real estate industry
The demand for residential property in India has taken a significant hit due to the sharp rise in prices, resulting in a massive stock of unsold inventory in cities like Delhi and Mumbai. According to Pankaj Kapoor, managing director of Liases Foras, the high prices charged by developers are the
Real estate industry
Nepal Rastra Bank (NRB) has introduced a new measure to ease the repayment of real estate loans, aiming to stimulate the stagnant realty market. As per the new circular issued on Monday, banks can renew or restructure real estate loans for up to one year for one time, provided the
Real estate industry
Realty Income Corporation, a US-based equity real estate investment trust, has completed the acquisition of Diageo Chateau & Estate Wines properties in Napa Valley, with Diageo closing $258 million of the approximately $269 million transaction. The properties include 1,690 acres of vineyards, winery, production, retail, and visitor center buildings
Real estate industry
Realty Income Corporation, a leading real estate investment trust (REIT), has completed the acquisition of Diageo Chateau & Estate Wines properties for $258 million, marking another significant milestone in the company's history. The acquisition includes approximately 1,690 acres of vineyard properties, as well as winery, production, retail,
Real estate industry
Realty Income Corporation has received a 'BBB+' credit rating from Fitch Ratings for its $250 million senior unsecured notes issued at 99.404% of par to yield 5.826%. The company plans to use the proceeds from the offering, along with borrowings under its revolving credit facility, to
Real estate industry
Embassy Group, a leading Indian property developer, is gearing up to launch a $500 million initial public offering (IPO), as two people with knowledge of the matter revealed. The company, based in Bangalore, is likely to seek approval from the capital-markets regulator within two weeks to sell the shares. Embassy
Real estate industry
Wael El-Ebrashi, editor-in-chief of the independent Sawt El-Umma newspaper, will stand trial on July 18 at the Giza Criminal Court for charges of inciting the public against the new tax bill. This comes amidst a backdrop of growing controversy over the proposed real estate property tax law, which has sparked
Real estate industry
Developers accustomed to negotiating multimillion-dollar deals must now face the harsh realities of personal bankruptcy, a trend that may worsen in 2010 as more loans come due and lenders focus on collecting loan guarantees. Bankruptcy has become more common for developers, losing its stigma as an accepted restructuring tool, much
Real estate industry
Kimco Realty Corporation and the Canada Pension Plan Investment Board (CPPIB) have formed a joint venture to acquire prime neighborhood shopping centers throughout the United States. The initial investment of $370 million includes five former PL Retail properties acquired by Kimco in the fourth quarter of 2009. The joint venture,
Real estate industry
Green building, touted as an attractive option for environment-conscious home buyers, has created confusion due to the absence of a national code and the turf war between two green building rating agencies in India. The rating agencies, Leadership in Energy and Environmental Design (LEED) and Green Rating for Integrated Habitat
Real estate industry
The Value City store on North Lindbergh Boulevard in Florissant, Missouri, stood vacant for over a year and a half after filing for bankruptcy protection in October 2008. However, a new revitalization project is underway, with three national chain tenants - Best Buy, PETCO, and a third unidentified company -
