REAL ESTATE
By Nidal al-Mughrabi GAZA (Reuters) – A luxurious new tourist resort has opened in the Gaza Strip, its manicured lawns, sparkling pool and private beach in stark contrast to the impoverished territory still struggling to recover from last year’s war. The Blue Beach Resort, made up of 162 chalet-style rooms set among palm trees and overlooking the Mediterranean, hopes to become the “most significant tourist attraction and entertainment venue in
Filed under: Celebrity Homes, Selling ZillowA private elevator leads to the five-bedroom, 7.5-bath apartment on the 24th floor of the Trump Park Avenue building. By Melissa Allison When he’s not stumping for the Republican presidential nomination or making decrees on “The Celebrity Apprentice,” Donald Trump still works in real estate — and he just made a killing on a Manhattan apartment. Trump sold the nearly 6,200-square-foot dwelling on the 24th
The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The institutional investors and real estate investment trusts that are taking private equity’s place indicate a comfort level for older buildings that have been
The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The institutional investors and real estate investment trusts that are taking private equity’s place indicate a comfort level for older buildings that have been
Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.83 percent, down 8 basis points from the same time last week. The 30-year fixed mortgage rate moved lower throughout the week before settling at that rate
Carlyle’s private equity portfolio appreciated 5 percent in the second quarter, roughly in line with last year. As a result, Carlyle said economic net income (ENI), an earnings metric that factors in the mark-to-market value of its portfolio, dropped to $180 million in the second quarter from $289 million a year earlier. Like its major peers, Carlyle has diversified beyond corporate buyouts into alternative credit, real estate and funds of
Filed under: Buying, Lifestyle, Selling Alamy By Susan Johnston It’s a common bit of retirement advice: Downsize your housing after the kids leave the nest to cut costs. Interestingly, though, many baby boomers have no intentions of downsizing. Nearly two-thirds of boomers surveyed in 2013 by The Demand Institute — a nonprofit owned by Nielsen — plan to “age in place” rather than move. Of those who do plan to
By Ehab Farouk CAIRO (Reuters) – Egypt’s Pioneers Holding is seeking an initial share offering of real estate developer Rooya worth at least one billion Egyptian pounds ($128 million), Pioneers’ chief executive said Monday. Pioneers, which specialises in market research and brokerage services but also has investment arms in real estate, industry and financial services, acquired 60 percent of Rooya’s shares in March for 1.226 billion pounds. “The listing on
Egypt’s Pioneers Holding said on Sunday its board had approved an offer to purchase remaining shares of Cairo for Housing and Development at a price of 11.80 Egyptian pounds ($1.51) per share for a full acquisition. The firm said in a bourse disclosure that a subsidiary of Pioneers had purchased a 9.07 percent stake in Cairo for Housing and Development, bringing Pioneers Holding’s total ownership to 45.73 percent. Pioneers has
Hunt has teamed up with junior creditors of Energy Future Holdings to raise about $12.1 billion to repay the power company’s debt and convert its power distribution business, known as Oncor, into a real estate investment trust, or REIT. Energy Future Holdings filed an amended plan of reorganization on Thursday. In a court document, it said the Hunt-backed plan was considered superior to a competing reorganization plan backed by investment
