News

NY Pushes Objection to BofA $8.5 BIL Mortgage Pact

Bank of America Corp's proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York's attorney general, who said the accord appears unfair to investors who may deserve to recover more.

China Beijing Q1 Average Home Price Down 19.4%

The small rebound China's property market saw in March wasn't enough to save a dismal first quarter for the sector. The average price of new homes in Beijing fell nearly 20 percent in the first quarter, as the government's cooling policies continue to weigh on the market. Sales rebounded marginally but experts say it wasn't enough to change the direction of the downward trend.

Japan's Mitsui Fudosan Targets Europe For $6.1B Real Estate Expansion

Mitsui Fudosan, the world's largest property owner by value, plans to expand its presence in Europe by initially targeting London's strong real estate market as part of a 500 billion yen ($6.14 billion) global expansion.