A Russian tycoon accused of embezzling tens of millions of dollars in a real estate scam was taken into custody in Moscow Sunday after being deported from Cambodia, officials said. Sergei Polonsky, who is in his 40s, was detained on an island off the southwestern town of Sihanoukville in Cambodia on Friday for overstaying his visa. Upon his arrival at Domodedovo airport in Moscow, Polonsky was immediately taken into custody.
– More than just cars – While the Corolla and Prius hybrid maker now has plants in every corner of the globe, Toyota City still has a total of 10 factories building cars and parts in the city proper and surrounding area. There are about 70,000 local people working for Toyota in the area, many whose parents or grandparents also relied on the giant company for a pay cheque, with
By Amanada Orr HOUSTON (Reuters) – A home in a popular Houston neighborhood valued at nearly $400,000 has been put on the block for the sale price of $1 and one compelling essay. Husband and wife Michael and Stephanie Wachs are moving to a home closer to their daughter’s preschool and want the owners of their old home to move in without being burdened by a mortgage. They are asking
French real estate group Unibail-Rodamco said it signed an agreement to sell a 46.1 percent stake in German shopping center operator mfi AG to the Canada Pension Plan Investment Board (CPPIB) for 394 million euros ($450 million). The move extends an existing German joint venture between Unibail and CPPIB created when Unibail took a stake in the CentrO shopping center in Oberhausen a year ago.
TORONTO (Reuters) – Sales of existing homes in Canada rose in April from March as low mortgage rates and a spring surge in listings pulled home buyers off the sidelines, the Canadian Real Estate Association said on Friday The industry group for Canadian real estate agents said sales activity was up 2.3 percent last month from March. Actual sales for April, not seasonally adjusted, surged 10 percent from April 2014.
Filed under: Buying, How To, Lifestyle Shutterstock By Vanessa Nix Anthony While it can be tough enough to find just the right spot to rest your head at night on your own, it can be even more difficult when searching with a partner. Choosing where you’ll live, whether you’re renting or buying a home, is one of the most important and personal decisions you’ll ever make. It’s the definition of
OTTAWA (Reuters) – All data indicate that Canadians’ mortgage debt loads are “very manageable” but some people are over exposed, Prime Minister Stephen Harper said on Thursday. “It remains our analysis … that the Canadian housing sector should be strong and stable over the longer term,” Harper told a televised news conference in the Ontario town of Windsor. He also said his government had no current plans to introduce a
Filed under: Buying, Celebrity Homes, Selling ZillowIn addition to a main house in the French Caribbean style, there are two guest cottages and an eight-car garage. By Melissa Allison Celebrity chef Paula Deen is asking $12.5 million for her Savannah estate in the city where she cooked up her Food Network shows. “When Paula is in Savannah, she wants an easier and simpler life,” a source told People magazine of
By David Randall NEW YORK (Reuters) – Even as the rise of online retailers such as Amazon.com Inc leads analysts to predict the eventual death of the American shopping mall, real estate fund managers are betting some will prosper – if they can lure the right kind of consumer. Simon Property Group Inc, the largest high-end mall operator in the country with properties including Palo Alto, California’s Stanford Shopping Center
Filed under: Buying, Financing, Refinancing Getty Images By Kirk Haverkamp Immigrants are having a significant impact on the U.S. housing market. According to the Research Institute for Housing America, immigrants accounted for nearly 40% of the net increase in U.S. homeowners from 2000 to 2010. Meanwhile, the same group estimates that U.S. homeownership rates among Latino immigrants will hit 50% by the year 2020. Overall, the number of immigrant homeowners