Real Estate

Berkshire’s Bond Holdings May Give Buffett Role in ResCap Plan

2011-12-09 11:05:44

Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), one of the largest creditors of government-owned Ally Financial Inc., may wind up playing a central role in the restructuring of its Residential Capital LLC mortgage unit.

C C Land Denies Report Company, Chairman Defaulted on Property Purchases

2011-12-09 11:05:00

C C Land Holdings Ltd. (1224) denied a Hong Kong Economic Journal newspaper report that Chairman Zhang Songqiao bought properties from Renhe Commercial Holdings Co. and defaulted on 2 billion yuan of payment linked to the purchases.

Silverstein Links With Poland’s Richest Man for First Property Deal Abroad

2011-12-09 11:04:05

Larry Silverstein, after more than five decades of investing almost entirely in New York City real estate, is making his first foray abroad in Poland, one of Europe’s most in-demand property markets.

U.K. Property Values Unchanged in November, Acadametrics Says

2011-12-09 11:03:14

U.K. house prices were unchanged in November as an increase in transactions helped support values, Acadametrics Ltd. and LSL Property Services Plc said.

Lehman Said to Seek $2.6 Billion to Buy Control of Archstone

2011-12-07 10:34:28

Lehman Brothers Holdings Inc. (LEHMQ) is trying to raise about $2.6 billion to buy a controlling stake in Archstone, its biggest real estate asset, as part of a plan to sell or liquidate the apartment owner for $6 billion or more, according to a person familiar with the plan.

California, Nevada Join Forces in Mortgage Fraud Investigations of Banks

2011-12-07 10:33:43

California and Nevada will jointly investigate mortgage fraud, as attorneys general across the U.S. continue negotiating a possible settlement with banks to resolve probes into their foreclosure practices.

Charter Hall Office A$1.2 Billion Sale Is Logical Outcome, JPMorgan Says

2011-12-06 11:42:46

Charter Hall Office (CQO), which yesterday accepted a sweetened A$1.2 billion ($1.3 billion) bid from two overseas funds, made the most logical decision possible, analysts at JPMorgan Chase & Co. said.

FHA Unlikely to Follow Fannie Mae Offering Refinancing Aid, Barclays Says

2011-12-06 11:42:02

The Federal Housing Administration is unlikely to change its stance of forcing homeowners with older mortgages to pay larger insurance premiums in refinancings as Fannie Mae (FNMA) and Freddie Mac loosen their rules to help borrowers lower their payments, according to Barclays Capital.

U.K. REIT Law Changes to Open Door to Takeovers From Overseas Companies

2011-12-06 11:41:21

U.K. real estate investment trusts will be more vulnerable to takeover by investors from outside of the country under new rules being proposed for the tax-exempt companies.

Lehman Says Archstone Is Worth More Than Equity Residential Bid

2011-12-06 11:40:44

Lehman Brothers Holdings Inc. (LEHMQ) said Archstone, its largest real estate asset, is worth “at least” $1 billion more than the $5 billion equity value implied by Equity Residential’s bid for a stake in the apartment owner.

Failure to Cut Record Debt Pushes Developer Yields Above 20%: India Credit

2011-12-05 10:42:57

India’s biggest developers are failing to rein in record debt as borrowing costs above 20 percent and the worst economic slump since 2009 erode earnings.

Centro Retail Australia Shares Begin Trading in Sydney After Restructure

2011-12-05 10:41:37

Centro Retail Australia shares began trading today after Centro Properties Group (CNP) shareholders and lenders agreed to a plan to wipe out A$2.9 billion ($3 billion) of debt, allowing the creation of the new entity.

Builders Shrink ‘Great Australian Dream’ as Priciest Home Market Falters

2011-12-05 10:40:07

Australian homebuilders are responding to declining demand and higher land costs by reducing the sizes of houses and lots.

Brookfield Intends to Give CWCapital an Offer for Stuyvesant Town by April

2011-12-05 10:39:23

Brookfield Asset Management Inc (BAM/A). aims to have an offer by April, in partnership with tenants, to buy Stuyvesant Town and Peter Cooper Village in New York City from the special servicer that controls the complex, an executive of the firm said.

Societe Generale Said to Sell $600 Million of Property Loans to Macquarie

2011-12-01 10:34:46

Societe Generale SA, France’s second-largest bank, agreed to sell $600 million of commercial property loans to Macquarie Group Ltd. (MQG) as the lender pares assets.

First < 15 16 17 18 19 20 >

TIME
Sydney	Tokyo	Ha Noi	HongKong	LonDon	NewYork

Gold Price at ABCBULLION Foreign exchange rates at CommonWealth Bank Foreign exchange rates at ANZ Bank

Prices By NTGOLD
We Sell	We Buy
37.5g ABC Luong Bar
4,454.10	4,124.10
1oz ABC Bullion Cast Bar
3,698.10	3,378.10
100g ABC Bullion Bar
11,827.20	10,897.20
1kg ABC Bullion Silver
1,443.20	1,093.20