Finance & Mortgage
Blackstone Group LP Plans to Invest Extensively in Asian Real Estate Market
Rising Prices of Construction Material Slowing Builders' Confidence, NAHB Report
Housing Recovery Fueled by Big Wall Street Buyers
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG) is in advanced talks with Deutsche Bank to purchase U.S. property related loans worth around $3.7 billion from its real estate unit, PB Capital Corp. Update: Cole Credit Rejects American Realty’s Revised Offer
The bidding battle for Cole Credit Property Trust III has finally come to an end, albeit negatively for American Realty Capital Properties (ARCP). Cole Credit has declined American Realty’s buyout offer, stating that their offer undervalued the company and also adds up to ‘unsustainable’ amounts of debt. After declining the offer, Cole Credit purchased its sponsor, Cole Holdings, Saturday, April 6. Fictional Hogwarts Castle Value Estimated at $204 Million
Harry Potter Fans, hold on to your real estate “Thestrals” because Hogwarts just got a brick and mortar value estimate. The famed fictional school of witchcraft and wizardry, if made real, would most likely fetch, around $204,102,000! Number of Improving Housing Markets Remains Unchanged in April, NAHB Report
A recent report released by the National Association of Home Builders (NAHB) revealed that the number of improving housing markets in the U.S. remained unchanged in April. U.S. Apartment Rent Prices Rise Moderately As Construction Picks Up
U.S. apartment rent prices continued to rise in the first quarter, but new signs of a coming wave of construction will further restrict landlords' ability to raise rates, real-estate research firm Reis Inc. said on Wednesday. Whirlpool Stock Up Following Housing Market Improvements
Whirlpool stock has more than doubled since last June and on Friday the S&P raised its credit rating on the appliance-maker to "BBB" citing improvements in the housing market and overall economy. Mass. Foreclosure Activity Drops in February, Warren Group Says
Foreclosure activity in Massachusetts decreased in February, largely due to improving economic conditions along with a revitalized real estate market, according to the latest report from the Warren Group released Tuesday. Increasing Retail Rents in Hong Kong Wiping out Small Businesses from Major Commercial Districts
Small-scale retailers and business owners are being pushed out of the market in Causeway Bay and other shopping districts of Hong Kong due to the sharp increase in rents. With a large number of bigger market players flooding the areas, mom and pop stores and ground level retailers are suffering, because landlords are hiking rents up by almost 50 to 70 percent. Blackstone Group LP Real Estate Arm Acquires Half of Multi Corp’s Debts
Blackstone Group LP’s real estate arm has reportedly taken over almost half of the Netherlands-based mall developer Multi Corp’s debts. The firm has also gained control over one of the latter’s malls in the U.K. South Korea Announces New Plans to Revive Property Market
South Korea announced new plans on Monday to revive its property market which will include offering tax breaks to home buyers and cut borrowing costs.
