REAL ESTATE
By S.Anuradha and Anshuman Daga SINGAPORE (Reuters) – Canada’s Manulife Financial Corp shelved its S$569 million ($420 million) IPO of a real estate investment trust in Singapore on Monday, the first major Asian offering outside China to be pulled due to deteriorating global markets. The postponement of the IPO, which had been slated to be Singapore’s biggest in a year, came as Greeks overwhelmingly rejected conditions of a rescue package
SINGAPORE (Reuters) – Canada’s Manulife Financial Corp has shelved its plan to raise $421 million through a Singapore listing of a real estate investment trust (REIT) backed by three U.S. office properties, IFR reported on Monday. The IPO is likely to be re-launched when market conditions improve but no time-frame has been fixed, IFR cited a source close to the transaction as saying. The books for the IPO were scheduled
SINGAPORE (Reuters) – Canada’s Manulife Financial Corp has shelved its plan to raise $421 million through a Singapore listing of a real estate investment trust (REIT) backed by three U.S. office properties, IFR reported on Monday. The IPO is likely to be re-launched when market conditions improve but no time-frame has been fixed, IFR cited a source close to the transaction as saying. The books for the IPO were scheduled
Dismayed by the millions of unsold homes in China’s troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country’s poorest households. This
Filed under: Buying, Celebrity Homes, Selling The Corcoran Group UPDATE: Late comedian Joan Rivers’ glitzy New York home has sold for its asking price of $28 million to unnamed “Middle East royalty,” CNBC reports. ORIGINAL POST 2/9/2015: Can we talk real estate? Joan Rivers’ Versailles-esque condo on Manhattan’s Upper East Side has hit the market for $28 million. Rivers, who received a posthumous Grammy award earlier this year (see the
Filed under: Buying, Financing, Investing Alex Kalina/Getty Images By Bob Sullivan In many parts of the country, housing prices gave returned to pre-recession levels. That’s good news for sellers, bad news for buyers. But buried within the latest housing data is some good news for everyone — everyone on Main Street, anyway. All-cash buyers seem to be finally retreating. The percent of homes purchased by all-cash buyers in May was
By Marc Frank HAVANA (Reuters) – A British real estate developer plans to break ground early next year on Communist-run Cuba’s first luxury golf resort, a $500 million project that would be the largest private foreign investment on the island since the fall of the Soviet Union. With relations improving between the United States and Cuba, tourism and real estate are seen by many businesses as the most interesting investments,
By Denny Thomas and Michelle Price HONG KONG (Reuters) – A heavily discounted purchase of a loss-making solar-panel maker last week has cast a spotlight on the Chinese takeovers of so-called listed shell companies in Hong Kong, which may be used to sidestep the bourse’s rigorous listing process. China’s No.1 social network and online media company Tencent Holdings Ltd and developer Evergrande Real Estate Group joined forces to purchase Mascotte
By Denny Thomas and Michelle Price HONG KONG (Reuters) – A heavily discounted purchase of a loss-making solar-panel maker last week has cast a spotlight on the Chinese takeovers of so-called listed shell companies in Hong Kong, which may be used to sidestep the bourse’s rigorous listing process. China’s No.1 social network and online media company Tencent Holdings Ltd and developer Evergrande Real Estate Group joined forces to purchase Mascotte
Filed under: Buying, Celebrity Homes, Selling Riskin Associates via ZillowThe house features 6,000 feet in a beautiful cottage-style white but the real selling point is the 63 feet of beachfront. By Melissa Allison UPDATE: Comedian Dennis Miller and his wife sold their oceanside California mansion south of Santa Barbara for $19 million — $3.5 million less than they were asking for the stylish estate. ORIGINAL POST 1/4/2015: The beach retreat
