Investing
US Home Foreclosures Up 11 Percent in May
Carlyle Group LP Planning to Raise $4 Billion for Seventh Real Estate Fund
More Dutch Offices Being Converted into Student Housing Units
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?
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. Number of Improving Housing Markets in US Rises in June, NAHB Report
The number of improving housing markets in the U.S. rose to reach 263 in June, according to the “The First American Improving Markets Index” (IMI) of the National Association of Home Builders (NAHB). U.S. April Construction Spending Increases
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. Gen Y Prefers Energy Efficient Homes
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. U.S. Government to Auction off Lighthouses
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. Foreign Investors Purchase Minority Stake in General Motors Building
Two foreign investors have purchased a minority stake in the famous General Motors Building in New York for about $1.4 billion, according to several media reports. Empire State Building IPO Plan Approved; To Be Listed on NYSE
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 Hoping to Raise $3 Billion for Global Property Fund
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 Foreign Exchange Administration, SAFE to Invest in American Real Estate
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 Opens its 200th Hotel in China
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.
