CAIRO (Reuters) – Egypt’s housing ministry signed a construction deal worth about 35 billion Egyptian pounds ($4.6 billion) with Egyptian real estate developer Arabia Group, a statement from the Cabinet said on Tuesday. Initial agreement for the project in the eastern Cairo suburb of 6th of October City was made at a March investment summit in Egypt where billions of dollars of deals and pledges were signed. ($1 = 7.6250
Filed under: Buying, Lifestyle, Selling ZillowThis six-bedroom home in the Buckhead area of Atlanta listed for $995,000 and has 5,300 square feet of living space. By Sharona Ott Television shows like “Million Dollar Listing” display some of the hottest listings in Los Angeles and New York, but what will a cool million buy around the rest of the country? Plenty of noteworthy million-dollar homes for sale can be found outside
Australian Treasurer Joe Hockey on Tuesday widened a probe into the illegal buying of residential property by foreigners, with almost 200 sales being investigated for breaching investment rules. Prices of residential real estate in some of Australia’s biggest cities, such as Sydney and Melbourne, have soared in recent years, with concerns growing that cashed-up foreigners, particularly from China, have helped inflate the market. “The Australian Taxation Office is using all
In an unusual hearing before a standing room-only audience, trial lawyers for the U.S. Securities and Exchange Commission sought to convince the regulator’s commissioners of the legality of SEC administrative proceedings. The case involved Timbervest LLC, which was seeking to overturn an August decision by SEC Administrative Law Judge Cameron Elliot finding the Georgia-based investment firm and top executives liable for fraud for having failed to disclose conflicts of interest
The company expects its plan to spin off 235 Sears and Kmart stores into a real estate investment trust to be approved by the Securities and Exchange Commission this week, paving the way for a rights offering to sell shares in the REIT to existing shareholders on Friday. Sears said some of the decline was expected as it shrinks operations.
HOFFMAN ESTATES, Ill. (AP) — Sears’ first-quarter loss narrowed though sales continue to slide as the retailer prepares the roll-out of its real-estate investment trust this week to raise cash.
Filed under: Economy, Financing, Refinancing Andrey Popov/GettyAbout 30 percent of homeowners 65 and older were paying a mortgage in 2013, up from 22 percent in 2001. By Paul Wiseman AP Economics Writer WASHINGTON (AP) — Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They’re lining up gigs for their family jazz band. They enjoy performing. But it isn’t
FLORENCE, Italy (AP) — As Italy’s economy was heading off a cliff, police couldn’t help but notice that the country’s Chinese communities were booming. Luxury cars rolled past Chinese betting parlors and garment factories. Chinese immigrants were buying up Italian coffee bars and real estate. Their prosperity, however, was not reflected in local tax records.
Filed under: Celebrity Homes ASSOCIATED PRESSCleveland’s LeBron James, left, already has won two NBA titles with the Miami Heat. Stephen Curry is seeking his first. It’s a dream matchup for the NBA, but who wins in the game of real estate? On the basketball court, instant replays may help make the call, but in the real estate arena, there are no rules. And when it comes to professional ballers LeBron
By Shelby Sebens PORTLAND, Ore. (Reuters) – In Portland’s hot real estate market where some homes are getting dozens of offers and bidding wars have sent prices skyrocketing, one buyer found a way to stand out among the rest: Offer free pizza every month for life. Donna DiNicola, owner of DiNicola’s Italian Restaurant in southeast Portland, might have been joking when she offered the pizza, but it worked. “I swear