Real estate industry
Affordable housing developers in urban areas such as the MMRDA region face significant challenges in putting in place the necessary infrastructure and input costs. With a 2010 plan in place, the authorities need to identify development areas and provide infrastructure in advance to avoid pushing up costs. In areas without
Real estate industry
Intuit Inc. (NASDAQ:INTU) has finalized the sale of Intuit Real Estate Solutions to private equity firm Vista Equity Partners for $128 million. The acquisition is expected to boost Vista's presence in the software and technology-enabled business sector. Intuit Real Estate Solutions, headquartered in Highland Hills, Ohio, will
Real estate industry
China may unveil the framework for its real estate investment pilot program for insurance companies in January, according to a source quoted by the China Securities Journal. The move, aimed at expanding insurance companies' investment options in real estate, will cover infrastructure projects, commercial properties, and low-rent housing projects,
Real estate industry
Brazilian real estate developer PDG Realty's stock dropped sharply after its controlling shareholder, FIP PDG I, announced plans to sell its entire 111.65 million-share stake in a secondary offering. This move, which could total up to 1.94 billion reais ($1.12 billion), has put pressure on
Real estate industry
Redfin, a Seattle-based online real estate company, has launched in the Atlanta market with a bold new approach to agent compensation and customer rewards. The company aims to change the traditional real estate model by paying agents a base salary, rather than a commission, and giving customers a share of
Real estate industry
The real estate industry in India experienced a rollercoaster ride in 2009, hit by the global economic downturn but also witnessing a slowdown in prices and improvements in liquidity. Developers and industry experts share their insights on the sector's performance in 2009 and their expectations for 2010. Key
Real estate industry
On December 11, 2009, ValuEngine, Inc. announced the upgrade of five companies to its highest rating of "5." The upgraded companies included Brandywine Realty Trust (NYSE: BDN), Toronto-Dominion Bank (NYSE: TD), Centurytel Inc (NYSE: CTL), China Security & Surveillance Te (NYSE: CSR), and Hickory Tech Corp (NASDAQ: HTCO)
Real estate industry
Kimco Realty Corporation, North America's largest owner and operator of neighborhood and community shopping centers, has announced plans to sell 25,000,000 shares of newly issued common stock in an underwritten public offering. The company aims to raise funds to partially repay amounts borrowed under its $1.
Real estate industry
Attorney General Mike Cox announced the early morning arrest of Rita Gosselin, a 58-year-old woman from Grosse Ile, who is accused of defrauding dozens of people in a massive real-estate Ponzi scheme. Gosselin allegedly orchestrated numerous fraudulent real estate investments and stole hundreds of thousands of dollars from Michigan families.
Real estate industry
Intuit's Real Estate Solutions unit, a leading provider of software and services to the real estate management and investment industry, is being sold to Vista Equity Partners for approximately $128 million in cash. This move by Intuit is part of the company's strategy to focus on
Real estate industry
Maas Companies of Rochester, MN is set to auction the 5 million gallon per year (MGY) Tri-City Energy Biodiesel Refinery in Keokuk, Iowa, at 10 a.m. on Wednesday, December 16, 2009. The refinery, which began production in 2006 using soybean oil as its primary feedstock, has been unable to
Real estate industry
Daniel B. Hurwitz, a 20-year real estate industry veteran, has been appointed President & Chief Executive Officer of Developers Diversified Realty Corporation, replacing Scott A. Wolstein, who will assume the role of Executive Chairman of the Board. This strategic transition marks a significant milestone in the Company's history,
