The American administration has been speculating the future of two famous government-backed mortgage lenders, Fannie Mae and Freddie Mac since 2011. Though the pace at which decisions about the two entities are being made is slow, the government is diligently working on various proposals to determine a new future for the now-profitable lending giants.
In what might be called the third-largest forestry acquisition of North America, Weyerhaeuser Co., a U.S based real estate investment trust that owns timberland is buying Longview Timber LLC, a forestry industry leader for $2.6 billion. The former will be acquiring the latter fully, including debt, according to various media reports.
Foreclosure activity in the U.S. hiked to reach 11 percent in May, up 2 percent from the figures of April but still down 29 percent from the figures recorded a year ago, according to the data released by real estate intelligence firm, RealtyTrac.com.
Carlyle Group LP, the famous American private equity firm is reportedly planning to raise $4 billion for its seventh real estate fund. The target, if achieved, would make it the firm’s largest property fund since the financial crisis.
Amid high vacancy rates in the commercial property market of Netherlands, the Dutch have finally found a way to fill up the empty buildings. A number of property developers are refurbishing office space to convert them into student boarding or housing facilities.
Blackstone Group LP and its Brazilian sister firm, Patria Investimentos have reportedly entered into an agreement to buy 70 percent stake in Brazilian luxury property developer, Gafisa’s residential community developing unit, Alphaville Urbanismo for $651 million.
Construction spending in the U.S. increased a little in April on the improved building activity in the private non-residential sector, according to a report analyzed by the Associated General Contractors of America.
In a recent consumer preference survey conducted by the National Association of Home Builders (NAHB) it was revealed that if given a chance to own a home, the Gen Y of America would prefer to own a super-energy-efficient home.
The U.S. General Services Association (GSA) has decided to do away with some of its water-front real estate assets. It is gearing up to auction off some old lighthouses and fog horn homes across the country, according to Curbed National.
The long debated and controversial appeal to take the legendary Empire State Building, public has finally received all shareholder votes needed to approve the plan. The building will be listed on the New York Stock Exchange (NYSE), according to a regulatory filing, Wednesday, May 29.
Morgan Stanley, the international leader in financial services is reportedly gearing up to revive one of its property funds, Morgan Stanley real estate funds (Msref) to take advantage of a strengthening economy and property market. It hopes to raise capital worth $1 to $3 billion from potential investors for the global fund.
China’s State Administration of Foreign Exchange (SAFE) is reportedly planning to invest a part of its $3.4 trillion foreign exchange reserves in the American real estate market on account of a steady growth in its property market, according to several reports.
InterContinental Hotel Group (IHG), the world's largest hotel group by room count, just inaugurated its two hundredth hotel in China, Tuesday May 28 marking thirty years of its presence in the country.