Investing

John Jacobsson New Executive Vice President at NY Real Estate firm Related Cos.

John Jacobsson is the new executive vice-president at The Related Companies L.P., the real estate firm based in New York City, reported The Wall Street Journal.

Bank of America Sells Wake Forest University Charlotte Center For $72.5 Million to Alliance Partners

Bank of America Corp reportedly sold Wake Forest University Charlotte Center building to Alliance Partners, affiliate of the commercial real estate investment firm The Schidler Group, for $72.5 million, reported Charlotte Business Journal.

Luxury Residential Prices Soar in Indonesia: Knight Frank Wealth Report

In the latest Wealth Report of real estate research firm, Knight Frank, two Indonesian cities were ranked the top regions where prices for luxury prices rose the most. Bali and Jakarta topped the list of the 20 where prices of luxury cities residential real estate grew in 2012.