Investing
FBI and HUD Raid Elias Realty Livonia and Brighton Offices
CommonWealth REIT Proceed with Sale of Stock Despite 2 Investors Backlash
Study Finds Real Estate Disparity Between White and African-Americans
EDITOR'S PICKS
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Mortgage Rates Jump Back Above 6% After Iran Strikes Push Oil Prices And Treasury Yields Higher
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Jim Curtis Lists Seaport Loft-Style NYC Apartment With Brooklyn Bridge Views For $1.525M Amid Jennifer Aniston Romance
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Justin Baldoni Lists Renovated 10-Acre Solar-Powered Ojai Sanctuary For $8.88 Million As Trial Nears With Blake Lively
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Richard Dean Anderson's $45 Million Malibu Retreat: Inside His Hidden Celebrity Property Portfolio
Big time home building and construction companies are expanding their portfolios and providing housing for college students, reported The Wall Street Journal. Westfield to Invest More in Overseas Retail Properties on Local Sales Droop
Westfield Group, Australia-based retail property giant, is planning to invest more in retail properties abroad as local sales look gloomy in the country. The firm has mainly targeted the U.K. and the U.S. as its prime investment locations as the commercial real estate sector is reviving in the region. Global Commercial revolution: Rise of The Hotel Industry
Economies of the world have grown dependent on each other. Not only has the onset of globalization created a mini global village but has also given a boost to the services sector and the hospitality industry. The increasing need to internationalize and reach out to a wider range of audience has augmented the commercial industry of hotels and their services. JPMorgan Chase Cutting 19,000 Jobs from Mortgage and Community Banking Units
At the first sign of sequestration, JPMorgan Chase & Co. announced they will dismiss 19,000 people from its mortgage and community banking units, reported Bloomberg Businessweek. Dismal Outlook on British House Prices Only Adds to Gloomy Economy
A poll released today by Reuters concludes dismal predictions for British house prices. The prices are expected to stagnate by the end of this year. China's Luxurious Phoenix Island's Decline Sparks Economic Concern
The Chinese island of Hainan, Phoenix Island, also dubbed the Dubai of China for its overpriced, snazzy apartments is on a self-destructive path, reported France 24. Commercial Real Estate Market Recovering Slowly
The National Association of Realtors' Commercial Real Estate Outlook, NAR, reported today that the commercial real estate market is recovering slowly, according to AGBeat. British House Prices Stagnate This Year
British house prices will stagnate until next year along with a flat-lining economy and weak pay rises, a Reuters poll found on Monday, although London prices are expected to keep climbing. Villar Mir studying bid for Colonial assets
Family-owned Spanish group Villar Mir said it was looking at assets owned by Colonial, after a report that it was studying a bid for the loss-making real estate firm's commercial property business. New Regulation to Hit Number of Franchisee Stores in Indonesia
The Trade ministry of Indonesia has announced a new regulation limiting the number of stores or outlets a master food franchisee can hold in the country. The new regulation comes as an effort to avoid monopoly in the market and encourage local and small businesses. The new regulation will drive some of the major franchising players like KFC and McDonalds to cut or slow down on outlet expansions in the country.
