Real estate industry
The commercial real estate industry is facing an enormous debt crunch, with hundreds of billions of dollars in debts coming due in the next year. To alleviate this crisis, industry groups and lawmakers are pushing Congress to modify the 1980 Foreign Investment in Real Property Tax Act (FIRPTA), which imposes
Real estate industry
SL Green Realty Corp. has announced a significant financial move, commencing a $250 million senior notes offering in a private transaction, subject to market conditions. The company intends to use the net proceeds to fund its concurrent tender offer for outstanding notes of Reckson and SL Green Operating Partnership, L.
Real estate industry
Getty Realty Corp. has released preliminary results for the quarter and year ended December 31, 2009, indicating significant increases in net earnings. The Long Island-based real estate investment trust attributes this growth primarily to the acquisition of 36 Exxon-branded convenience and petroleum retail properties in Prince George's County,
Real estate industry
Despite scarce global financial resources, foreign investors have continued to pump in funds into India's housing and real estate sectors, driven by the country's burgeoning economy and liberal foreign investment norms. The sharp rise in Foreign Direct Investment (FDI) in the Indian construction and realty sectors
Real estate industry
As the economy begins to rebound, the outlook for senior housing is looking increasingly positive, with occupancy rates in independent-living and continuing-care retirement communities beginning to stabilize after nine quarters of decline. According to market research firm ProMatura Group, the demand for senior housing is driven by pent-up need, and
Real estate industry
State regulators in Utah have reported a decline in fraudulent activity in the financial industry, which they attribute to the current economic downturn. With fewer people trying to take advantage of market conditions, complaints and enforcement actions have decreased significantly. Key Takeaways: * The Utah Division of Real Estate received 675
Real estate industry
China's banking industry continued to exhibit rapid growth in outstanding loans to the real estate sector in 2009, with financial institutions' outstanding loans to commercial real estate reaching 7.33 trillion yuan (US$1.1 trillion) by the end of the year. This represents a 38.1
Real estate industry
Realty Income Corporation, a New York Stock Exchange real estate company, has announced that its Board of Directors has declared a common stock dividend of $0.143 per share. This dividend is payable on March 15, 2010 to shareholders of record as of March 1, 2010, and represents an annualized
Real estate industry
Developers are not opposing the realty regulatory bill but have certain concerns regarding certain provisions. The bill is in its draft stage and is expected to be finalized in a couple of months. The Ministry is working on addressing the concerns and collaborating with stakeholders to create a win-win situation
Real estate industry
A real estate investing and web development company, RealEstateInvestorsWebSites.net, has introduced an upgraded version of their real estate investing websites. The new websites feature advanced listings of properties for sale, video-like speaking models, and improved search engine rankings, making it easier for real estate investors to manage their online
Real estate industry
Five companies, including Constellation Energy Group (CEG) and Canadian Natural Resources (CNQ), have been upgraded to a "5" rating by ValuEngine, Inc., the service's highest assessment. This rating combines five key factors: proprietary valuation, risk-return tradeoff, momentum, market capitalization, and forecasted one-month return. The upgrades also
Real estate industry
In a massive mortgage fraud scheme, Lila Rizk, a former state-licensed real estate appraiser, was sentenced to three years in federal prison and ordered to pay over $46 million in restitution. The scheme involved inflated mortgage loans on homes in California's most expensive neighborhoods, resulting in tens of
