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Real Estate

Builders doubt NZ election will resolve housing crunch

Thu, Sep 21, 2017 – 4:34 PM [WELLINGTON] Builders in New Zealand, such as the Stevenson Group, have ambitious plans to house some of the tens of thousands of people swelling the population of Auckland, the country’s biggest city. PLEASE CLICK ON PUBLISHER ABOVE TO READ COMPLETE ARTICLE Eight years ago, Stevenson set into motion plans to build 700 homes ...

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GIC-backed JV to buy Sheraton Grande Tokyo Bay Hotel for US$909.1m

Thu, Sep 21, 2017 – 3:15 PM SINGAPORE’S sovereign wealth fund GIC will enter into a joint venture with Invincible Investment Corporation, a public hotel and residential J-Reit, to acquire Sheraton Grande Tokyo Bay Hotel for about 100 billion yen (US$ 909.1 million). PLEASE CLICK ON PUBLISHER ABOVE TO READ COMPLETE ARTICLE GIC on Thursday said it would own the ...

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CCT to buy Asia Square Tower 2 for S$2.09b

Thu, Sep 21, 2017 – 1:27 PM 1505974032 UPDATED Thu, Sep 21, 2017 – 2:07 PM CAPITALAND Commercial Trust (CCT) is buying Asia Square Tower 2 from BlackRock Asia Property Fund III LP for an agreed property value of S$ 2.09 billion or S$ 2,689 per square foot, making it Singapore’s second largest office tower sale in history. The acquisition comprises ...

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Latest Moxy hotel is a throwback to the past

New York WHEN US banker and philanthropist Darius Ogden Mills opened the New Mills Hotel in October 1907 on the corner of Manhattan’s Seventh Avenue and 36th Street, he wanted it to be a place where working-class men could find affordable accommodations. And for nearly a half- Let’s block ads! (Why?) … The Business Times

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A decaying Washington waterfront returns to life

Washington A STRUGGLING waterfront along the Potomac River will morph into a long-awaited commercial and residential destination known as the Wharf when it opens next month. It’s a return to life for the area, which was commonly known as “the wharf” for decades before the nation’s Let’s block ads! (Why?) … The Business Times

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Eu Realty puts up 2 South Bridge Rd shophouses for sale

Singapore EU Realty (Singapore), a fully-owned subsidiary of Eu Yan Sang International, has put up a pair of adjoining shophouses along South Bridge Road for sale. The asking price of S$ 28.5 million works out to S$ 2,842 per square foot based on the gross floor area of 10,027 sq ft. Let’s block ads! (Why?) … The Business Times

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Texas brokerage closes state's first-ever bitcoin home purchase

Taking real estate purchases in the Lone Star state to a new level, Kuper Sotheby’s International Realty said it finalized the first-ever home in Texas that was purchased entirely with the cryptocurrency, bitcoin. So far, and to no surprise, most of the homes purchased with Bitcoin have been on the higher end of the market, with this latest luxury home sale ...

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CFPB finalizes amendments to Equal Credit Opportunity Act

The Consumer Financial Protection Bureau finalized amendments to Equal Credit Opportunity Act regulations on Wednesday to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. Tacked onto the announcement, the CFPB also said it is seeking comment on proposed policy guidance describing the Home Mortgage Disclosure Act data the bureau proposes to make available to ...

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