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Real Estate


2012-03-26 09:24:23

Softbank Corp. (9984), Japan’s second- biggest mobile-phone company by market value, agreed to buy the Fukuoka Yahoo! Japan Dome for 87 billion yen ($1.1 billion) from Government of Singapore Investment Corp.
 

2012-03-26 09:23:38

The good news: China’s government will engineer a soft landing. The bad news: Even a soft landing is painful for industries that have become dependent on the world’s fastest-growing major economy as their main profit engine.
 

2012-03-26 08:24:09

Bavaria’s savings banks said that talks are continuing on a deal to restructure Bayerische Landesbank (BLGZ), Germany’s second-biggest state-owned lender, in return for European Union approval of its bailout.
 

2012-03-26 08:23:18

Erzsebet Zolyom counted on a quick sale of the two-bedroom apartment in downtown Budapest she inherited last May to ease her financial troubles. Instead, it’s put her deeper in the hole.
 

2012-03-22 09:55:04

Westin Hotels & Resorts, owned by Starwood Hotels & Resorts Worldwide Inc. (HOT), plans to add 30 percent more hotels in Asia this year to meet demand from tourists and business travelers.
 

2012-03-22 09:54:18

JPMorgan Chase & Co. (JPM) and Bank of America Corp., the two biggest U.S. banks, are cutting senior mortgage traders and salesmen amid a decline in the asset-backed securities market, people with knowledge of the moves said.
 

2012-03-22 09:52:16

Harboring an unlicensed duck in Hong Kong can land a fine of HK$50,000 ($6,440) after the world’s first human deaths from bird flu were recorded in the city 15 years ago. That’s 50 times the penalty for driving a vehicle belching smoky fumes.
 

2012-03-22 09:51:13

Henderson Land Development Co. (12), controlled by billionaire Lee Shau-kee, fell to the lowest in more than a month in Hong Kong trading after 2011 underlying profit missed analysts’ estimates as the property market cooled.
 

2012-03-19 08:48:29

Speculators slashed wagers on higher agricultural prices by the most in eight weeks, missing out on this year’s biggest rally as parched fields from South America to Europe curbed expectations for record harvests.
 

2012-03-19 08:44:07

Standard Chartered Plc (STAN) Chief Executive Peter Sands said he hopes London will as soon as this year become an offshore yuan center where companies can raise funds denominated in the Chinese currency.
 

2012-03-19 08:43:23

Japan’s shrinking economy is poised to get a lift from the children of baby boomers taking out their first mortgages with rates close to a three-year low.
 

2012-03-19 08:41:31

InterContinental Hotels Group Plc (IHG), the world’s largest provider of hotel rooms, will begin opening locations as soon as next year under a new brand designed to appeal to Chinese travelers.
 

2012-03-16 13:18:28

Li Ka-shing, Hong Kong’s richest man, said he will “definitely” vote for Henry Tang in the city’s leadership election, even as the candidate’s popularity has plummeted after a series of personal scandals.
 

2012-03-16 13:17:39

MPG Office Trust Inc. (MPG), the landlord formerly known as Maguire Properties, said it expects to give up ownership of a 54-story tower in downtown Los Angeles after failing to rework debt on the property.
 

2012-03-16 13:16:57

Kenedix Inc. (4321), a Japanese real estate investment company, plans to raise as much as 40 billion yen ($480 million) in an initial public offering of its residential assets, said two people with knowledge of the deal.
 

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