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Billionaire Adelson Plans $35 Billion Casino-Resort in Spain

Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.

Indonesia Tsunami Warning 2012: 8.7 Earthquake, Huge Aftershock Strike Fear On Wednesday [VIDEO]

On Wednesday an 8.7 magnitude earthquake struck right off the waters of Indonesia. The huge quake could be felt in Singapore, Thailand and India. In 2004, a 9.1 magnitude earthquake struck Indonesia, setting off a tsunami. Over 226,000 people in Sri Lanka, Thailand, Indonesia, India and nine other countries were killed, reports CNBC. The latest earthquake has set fears of a Tsunami in residents.

Global Commercial Sales Property Market Volumes Down

Direct commercial property transaction volumes reached $75 billion in the first quarter of 2012, down 23% year on year, but real estate fundamentals remain attractive despite continuing economic uncertainty, according to the latest market report from Jones Lang LaSalle.