Real estate industry
The J.P. King Auction company will be auctioning a one-acre commercial site located on Federal Highway in Boca Raton, Florida. The auction, scheduled for November 16, 2009, at the Hyatt Regency Sarasota, will offer investors the opportunity to purchase a prime development site zoned for either 62 residential units
Real estate industry
The United States Department of Energy (DOE) has selected Invensys Operations Management to develop a state-of-the-art training center for the development of new generation zero-emission integrated gasification combined cycle (IGCC) power plants with carbon capture. The training center will utilize Invensys' innovative EYESim virtual reality training solution, which will
Real estate industry
The Indian markets closed near the day's low on Tuesday, following the Reserve Bank of India's credit policy review. The review, which left all key interest rates unchanged, had a negative impact on various sectors, including real estate, metals, and banks. The National Stock Exchange'
Real estate industry
Duke Realty Corporation, a leading industrial and office property REIT, reported its third quarter 2009 earnings, highlighting its efforts to address near-term obligations, reduce debt, and focus on core operating portfolio. Despite recording non-cash impairment charges of $297.1 million, the company maintains its deleveraging strategy and reaffirms its FFO
Real estate industry
The proposed Ahmedabad-Gandhinagar metro rail project, a multi-crore undertaking, has been in the spotlight for real estate circles for years. A 2005 DMRC report envisioned a 51 km second phase extension of the project, traversing from Changodar to GIFT city, with a projected return of Rs 1,500 crore over
Real estate industry
High real estate prices in commercial hubs in Mumbai are driving banks to move their operations to the suburbs, where rentals are significantly lower. This trend, while not new in terms of call centers and IT hubs, now encompasses senior management and other departments, thanks to the availability of large
Real estate industry
The Chinese A-share market experienced a significant boost on October 13, driven by robust real estate stocks and strong performances from resources and bank stocks. China Petroleum & Chemical Corporation (SHSE: 600028) saw a substantial increase in negotiable market cap after 57.088 billion restricted shares became tradable on October
Real estate industry
Shaya Boymelgreen, a troubled real estate developer, may be finally offloading Lagna Holdings Ltd., held through Azorim Investment, Development and Construction Ltd. An investor group led by Universal Motors Israel Ltd. (UMI) owners Haim Assayag and David Eini are in advanced talks to acquire Lagna. The company has been in
Real estate industry
The third quarter of 2009 saw an increase in total retail vacancy rates, reaching 8% across all submarkets, according to a report by Norris, Beggs & Simpson. This 1% rise over the previous quarter is a sign that a full economic recovery may not be expected until 2010. The suburban
Real estate industry
The Hong Kong Housing Authority has expressed its support for revised guidelines on sales brochures and promotional materials for uncompleted first-hand residential properties issued by the Real Estate Developers Association of Hong Kong (REDA). According to the guidelines, developers are now required to include only prescribed information about their developments
Real estate industry
Marc Holliday, CEO of SL Green Realty Corp., will participate in a panel discussion on office property investment and development at the Bank of America 2009 Global Real Estate Conference on October 1, 2009. Key Takeaways: * SL Green Realty Corp. is a self-administered and self-managed real estate investment trust (REIT)
Real estate industry
Philippine property market is gaining momentum with the announcement of a four-tower high-rise condominium project, Sunshine 100 City Plaza-Pioneer, to be developed by a group of Filipino-Chinese investors in partnership with Beijing-based Sunshine 100 Group. The project, which will be the first of its kind for Sunshine 100 outside of
