News

Barnes & Noble Buyout: Founder Wants to Buy Retail Part of Company

Barnes & Noble founder Leonard Riggio and chairman plans to buy the retail business but not the Nook Media unit that operates the Nook digital business and college bookstores, according to a regulatory filing with the Securities and Exchange Commission and a statement released on Monday.

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.
EDITOR'S PICKS
  • Morgan Stanley fund buys Moscow mall for $1.2 bln
    Morgan Stanley Real Estate Investing said one of its funds had bought the Metropolis shopping mall in northwest Moscow, in what it called Russia's biggest commercial real estate deal.
    By Staff Reporter
  • China new home prices rise 0.8 pct y/y in Jan
    China's new home prices rose an average of 0.8 percent in January from a year earlier, snapping 10 months of decline and raising the risk Beijing may seek to bolster a three-year campaign to curb property inflation.
    By Staff Reporter
  • 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.
    By Ansa Varughese
  • 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.
    By Staff Reporter
  • 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.
    By Staff Reporter
  • 5 Best American Cities to Sell Your Home
    America's real estate market is largely becoming the seller's market. The "listing life" of homes is reclining as demand for homes is rising exponentially.
    By Rapti Gupta
  • John Legend Makes a Profit on NYC Condo Sale
    The “Tonight” singer, John Legend has sold his East Village, New York condo for a good $2.6 million. Legend had purchased the home for around $1.9 million back in 2009 and has now sold the crib raking in a profit of $775,000.
    By Rapti Gupta
  • BBA Says UK Mortgage Approvals hit Record Lows in January
    U.K. mortgage approvals and personal loan levels have been highly affected due to the bad weather in January 2013. The British Bankers’ Association (BBA) said on Monday, Feb 25, said that mortgage approval rates had declined unexpectedly in the country. They also added that overdraft and loan repayments exceeded fresh loan applications and borrowings.
    By Rapti Gupta
  • 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.
    By Rapti Gupta
  • U.S. Federal Reserve's Monetary Policy Raising Concerns of Asset Bubble
    The U.S. Federal reserve’s monetary policy has kicked off speculation among experts in the industry about an emerging asset and economic bubble in the country. However, Ben S. Bernanke, Chairman of the reserve has waved away all the concerns claiming that the policy has spurred construction jobs throughout the country and it would not be taking the policy down anytime soon.
    By Rapti Gupta