Real Estate

Chinese, Southeast Asians Buy Half of New Central London Homes

2012-04-20 08:20:43

Investors from China and Southeast Asia bought one in every two new homes in central London as the number of wealthy individuals in the region swells, Jones Lang LaSalle Inc. (JLL) said.

Bank of America Leads Banks in Short Sales of U.S. Homes

2012-04-20 08:19:50

Bank of America Corp., the U.S. lender with the most housing-related writedowns, is allowing the highest number of properties to be sold at a loss as short sales become an increasingly common foreclosure alternative.

Miami Home Prices Increase for a Fourth Straight Month

2012-04-20 08:18:58

Home prices in the Miami area rose for a fourth straight month in March as fewer condominiums and houses came to market and distressed properties accounted for a smaller share of deals.

Vornado’s Size Prevented Real Estate Purchases, Roth Says

2012-04-20 08:18:11

Vornado Realty Trust (VNO) Chairman Steven Roth said the size of his company made him reluctant to to take advantage of plummeting commercial real estate prices following the U.S. financial crisis.

Tokyo’s Ishihara Seeks to Buy Senkaku Islands Claimed by China

2012-04-17 12:16:54

Tokyo Governor Shintaro Ishihara is interested in using public funds to buy the Senkaku Islands, whose ownership is disputed by China, a Tokyo Metropolitan Government spokesman said.

Chinese Estates Stock Suspended as Macau Trial Report Names Lau

2012-04-17 12:16:10

Chinese Estates Holdings Ltd. (127), the Hong Kong developer controlled by billionaire Joseph Lau, was suspended from trading in Hong Kong as the Standard newspaper reported that Lau’s name came up in the trial of a Macau official.

NYC’s Well-Off Households Would Lose Under Tax-Cut Repeal

2012-04-17 12:15:13

Wealthy New York-area households that benefited from a decade-long break on federal individual income taxes stand to lose the most if the Bush-era tax cuts are repealed next year.

Bank of America to Sell 31-Story Manhattan Office Tower

2012-04-17 12:14:07

The Charlotte, North Carolina-based bank will lease about 590,000 square feet (54,800 square meters) at the building following the sale, said Jennifer Darwin, a spokeswoman for the company. She declined to disclose the terms of the transaction.

Marriott Plans to Double its Hotels in Latin America by 2017

2012-04-16 08:55:59

Marriott International Inc. (MAR), the largest publicly traded U.S. hotel chain, plans to double its operations in Latin America and the Caribbean by 2017 to take advantage of growing demand, Chief Executive Officer Arne Sorenson said.

New Zealand March House Sales Soar 25% From Year Earlier

2012-04-16 08:54:58

New Zealand house sales in March recorded the best monthly result since November 2007, adding to signs of a real-estate-market recovery that may boost consumer confidence and spending later this year.

Wells Fargo, JPMorgan Label More Junior Liens as Bad Assets

2012-04-16 08:53:39

Wells Fargo & Co. (WFC) and JPMorgan Chase & Co. (JPM) labeled $3.3 billion of junior liens as bad assets after regulators pushed the nation’s biggest banks to rethink the value of second mortgages whose collateral has vanished.

U.K. Home Sellers Sought Record Prices in April, Rightmove Says

2012-04-16 08:51:48

Asking prices for U.K. homes rose to a record in April, as a shortage of property boosted values in London, Rightmove Plc said.

Temasek President Lee Sues to Shut Primus Over Rent Dues

2012-04-11 10:22:36

Lee Theng Kiat, president of Temasek Holdings Pte (TMSK), sued the Singapore unit of Primus Pacific Partners Ltd. (PPPTLZ), a Hong Kong-based private-equity firm, seeking to shutter the unit for failing to pay rent on a bungalow.

Goldman Dealmaker Zaoui Retires From Firm After 24 Years

2012-04-11 10:21:51

Yoel Zaoui, named co-head of global mergers and acquisitions at Goldman Sachs Group Inc. (GS) less than a year ago, is leaving after 24 years at the bank, the eighth management committee member to depart in 12 months.

Carlyle Is Said to Seek Value of Up to $8 Billion in IPO

2012-04-11 10:21:15

Carlyle Group, the second-biggest U.S. private-equity firm, will seek a valuation of $7.5 billion to $8 billion in its initial public offering, according to people with knowledge of its plans.

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