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Real Estate


2012-03-16 11:30:15

U.S. billionaire Wilbur Ross reaped a 105 million-euro ($138 million) gain in five months after buying a stake in Bank of Ireland Plc, the nation’s largest lender, amid one of the costliest banking crises in history.
 

2012-03-13 09:06:55

The German government may start the sale of its real-estate management company as early as next month, aiming to raise more than 1.76 billion euros ($2.3 billion) to reduce its deficit, according to three people familiar with the plan.
 

2012-03-13 09:05:58

Sare Holding SAB (SAREB), the builder offering $1.4 million condominiums on the Pacific coast beach of Acapulco, is struggling to sustain sales and share prices amid increasing bloodshed from Mexican drug cartels.
 

2012-03-13 09:04:48

A U.K. house-price index rose to a 19-month high in February as first-time buyers moved to beat the expiration of a property-tax exemption, according to the Royal Institution of Chartered Surveyors.
 

2012-03-13 09:03:18

China Vanke Co (0000002)., the nation’s biggest developer by sales, said full-year profit rose 32 percent as it sold more small and medium-sized homes that are less affected by government curbs.
 

2012-03-12 09:40:28

China should maintain its property curbs as any relaxation may result in a “chaotic” housing market, said billionaire developer Vincent Lo, also a member of the government’s advisory board.
 

2012-03-12 09:39:24

The Federal Reserve’s extension of the average maturity of its holdings is comparable to its two rounds of asset purchases in lowering borrowing costs, according to the Bank for International Settlements.
 

2012-03-12 09:38:32

China’s economic growth slowed in the first two months of the year, with both exports and domestic demand moderating faster than analysts had forecast, building the case for Premier Wen Jiabao to accelerate stimulus measures.
 

2012-03-12 09:36:58

Aldar Properties PJSC (ALDAR) and Sorouh Real Estate Co. (SOROUH)’s talks about merging into a developer with $15 billion in assets may spark consolidation among other United Arab Emirates companies and push up real estate shares.
 

2012-03-08 08:47:44

Wells Fargo & Co. (WFC), the most valuable U.S. lender, may close or consolidate outlets as it examines ways to trim costs, according to its chief financial officer.
 

2012-03-08 08:26:47

Christian Candy, the U.K. property developer whose company helped build London’s One Hyde Park complex, bought a penthouse apartment at Manhattan’s Plaza hotel at a 31 percent discount from what its owners initially sought.
 

2012-03-08 08:25:54

Malaysian construction stocks are trailing regional peers by the most since 2007, a buy signal to CLSA Ltd. and Manulife Asset Management as the government’s $16 billion building plan sends profit estimates to a record.
 

2012-03-08 08:24:56

China’s oldest bank is expanding in New York lending for trophy buildings as Europe’s debt crisis sweeps away the last wave of foreign financiers.
 

2012-03-07 09:34:42

Australia’s economy expanded at half the pace economists forecast last quarter as a housing slump deterred consumer spending, sending bond yields falling and the local currency to a six-week low.
 

2012-03-07 09:33:37

The builders of 1 World Trade Center in New York plan to offer to transmit radio and television signals from the skyscraper’s spire, potentially competing with the Empire State Building.
 

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