Real estate industry
China's real estate tax system aims to balance market regulation with economic growth. Zhang Qin, director of the Local Taxation Department of the State Administration of Taxation (SAT), emphasizes that real estate tax should not be used as a short-term control measure to promote market development. Instead, it
Real estate industry
The real estate industry has been slower to adapt to technological advancements than other industries, resulting in higher transaction costs for consumers. Despite the rise of online platforms and competition, the average real estate commission remains high, with the Consumer Federation of America accusing brokers of acting as a price-setting
Real estate industry
United Group Ltd, an Australian company, has acquired American property management business Equis Corporation for $A163 million, marking its first foothold in the United States corporate real estate services (CRE) market. The acquisition, United's third in the last 14 months, is expected to deliver strong immediate revenue growth,
Real estate industry
Federated Department Stores, Inc., the parent company of Macy's and Bloomingdale's, has agreed to sell its iconic Lord & Taylor department store chain to NRDC Equity Partners LLC, a partnership between Apollo Real Estate Advisors and National Realty & Development Corp., for $1.195 billion. The
Real estate industry
Jay Bradford, the chief financial officer of Majestic Realty Co., led his team, the JayWalkers, to raise a significant amount for the Southern California Chapter of the Cystic Fibrosis Foundation. The fundraising effort, in support of 11-year-old Courtney Poulsen, who is battling the genetic disease, far exceeded its initial goal.
Real estate industry
HouseValues, a leading provider of real estate and mortgage information and tools, has introduced a range of new features to its Market Leader customer management system, designed to help real estate professionals build more profitable relationships with their customers. The new features, which are available at no cost to subscribers,
Real estate industry
Realty Income Corporation, The Monthly Dividend Company, has announced a significant increase in its monthly dividend to $0.1175 per share from $0.116875 per share. This decision marks the 35th consecutive quarter in which the Company has increased the amount of its monthly dividend, demonstrating its commitment to providing
Real estate industry
China's banking regulator has urged commercial banks to take measures to curb the increasing level of lending in the real estate sector. As part of measures to rein in bank lending, the regulator is urging that down payments for mortgages on expensive homes and investment properties be significantly
Real estate industry
China's State Council executive meeting, held on May 17, has led to a decision to adjust loan policies to manage demand in the real estate market. An official from the People's Bank of China revealed the central bank will soon announce related policies, although the specific
Real estate industry
Pennsylvania Real Estate Investment Trust (NYSE: PEI) has declared a quarterly cash dividend of $0.57 per common share, marking the company's 117th consecutive distribution since its initial dividend in August 1962. The dividend will be paid on June 15, 2006, to common shareholders of record on June
Real estate industry
Getty Realty Corp., the largest publicly-traded real estate investment trust in the United States, has announced several key developments. At the company's Board of Directors meeting, a quarterly Common Stock dividend of $0.455 per share was declared, payable on July 13, 2006 to holders of record on
Real estate industry
MapInfo Corporation has announced a partnership with Pep Boys, the nation's leading full-service automotive aftermarket chain, to utilize MapInfo's location intelligence solutions. The partnership aims to help Pep Boys optimize its strategic site selection and market deployment initiatives by providing tailored research, services, and software. This
