News

Thor Equities Shells Out $277 million for Retail Block on Madison Avenue

Retail real estate giant Thor Equities has reportedly acquired the 35,000 square foot Madison Avenue lot for a huge sum of $277 million. The space will be used to build a retail space that will sport luxury brands only.

'Marriott Edition' to Launch in Times Square

The new brand of Marriott International, Marriott Edition is all set to launch in the commercial area of Times Square, Manhattan. The hotel will be a much cooler version of its predecessor and intends to attract a younger and hipper clientele.

Mortgage Restrictions to be Levied on Foreign Investors in Dubai

The Central Bank of U.A.E has limited the percentage of mortgage amount borrowing to 50 percent for foreign investors. Reasons attributed for the cap was to control aggressive lending that was causing bad debts for the banking sector.