Posts Tagged ‘property’

Jordan War Talk Hurts Real Estate Sector

AMMAN — Jordan’s once booming real estate sector is struggling under political and economic uncertainty while, citing the crisis in neighboring Syria, investors and bankers are predicting difficult times. Figures released by Jordan’s Department of Statistics in early September showed that real estate trade volume dropped by 25 percent during the first eight months of […]

Empire State Building planning $1 billion IPO

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Here’s your chance to own part of the iconic Empire State Building. Owners Empire Reality Trust have filed to sell up to $ 1 billion of its Class A common stock, in a real estate investment trust offering (REIT), allowing ordinary investors […]

Strip casino veteran joins Cosmopolitan as high-level exec

With the Cosmopolitan of Las Vegas so far underperforming with its casino operations, the property on Monday signaled it’s hoping for further improvements with the hiring of longtime casino executive Thomas McCartney as chief operating officer. View full post on Business Stories

Businessman continuting battle with Hilton over failed construction project

Las Vegas businessman Lorenzo Doumani says he and his company will fight a lawsuit filed this week by Hilton Worldwide Inc. over a failed plan to build a luxury property on the Las Vegas Strip. View full post on Business Stories

Budget 2011: Aviva backs Government stamp duty measures

Aviva has backed Government measures to reform tax on bulk residential property deals as “unequivocally positive”, boosting hopes that it could spark a wave of institutional investment into the private rental sector. View full post on UK Business Stories

China Asset’s Wang Yawei Boosts Property Stocks

China Asset Management Co., the nation’s biggest mutual fund company, boosted its holdings in property stocks in its flagship fund in the fourth quarter even as the government tightened policies to curb asset bubbles. View full post on Finance Stories

U.K. home asking prices up 0.3% in Jan.: Rightmove

LONDON (MarketWatch) — British house sellers raised asking prices by an average 0.3% in January, marking the first rise in three months, property website Rightmove reported Monday. The increase follows a 3% decline in December. Compared to January 2010, the average asking price rose 0.4%. The market remains thin and prone to volatility, said Miles […]