Hang Lung’s Profit Soared in First Half
Hang Lung Properties said its first-half underlying profit surged to nearly five times its year-earlier level, buoyed by stronger property sales and rental income.
Filed under: Moving Service |
Calif. woman gets 3 years for huge mortgage fraud (AP)
AP - A former Beverly Hills real estate appraiser has been sentenced to three years in federal prison for her role in a massive mortgage fraud.
Filed under: Moving Service |
ALL BUSINESS: Double standard in mortgage walkaway (AP)
AP - Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can’t pay its mortgage. That’s good business.
Filed under: Moving Service |
UK house prices, consumer confidence rise in Jan (AP)
AP - U.K. house prices rose 1.2 percent during January to push them 8.6 percent higher from a year ago, a major mortgage lender said Friday, while a separate survey showed consumer confidence picked up after a three-month drop.
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Obama Housing Rescue Threatened by Foreclosures, Unemployment (Bloomberg)
Bloomberg - Jan. 29 (Bloomberg) — President Barack Obama’s efforts to
bolster the U.S. housing market, the trigger of the worst
recession since the 1930s, may be undone by record unemployment
and repossessions by lenders.
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Paltry Payout Likely for Piedmont
If the IPO meets the most optimistic estimate, the average investor will realize a 2.1% annual return over seven years, according to one analysis.
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Burkle Angles for Barneys Stake
Billionaire Ronald Burkle is angling to take a controlling stake in Barneys New York.
Filed under: Moving Service |
MGM Mirage May Divest Borgata
MGM Mirage is preparing to sell its stake in the Borgata casino in Atlantic City to appease New Jersey regulators, who disapprove of the company’s partner in Macau.
Filed under: Moving Service |
Mortgage Bulls Bid Fed Adieu
A growing number of investors are betting that the fears are overstated and interest rates won’t soar when the Central Bank ends its $1.25 trillion mortgage-buying spree in just over two months.
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Finalist for Citi Property Portfolio: Its Architect
Apollo Global Management and Macquarie Group are finalists for Citigroup’s commercial-property portfolio. If Apollo wins, the portfolio’s architect could be in charge again.
Filed under: Moving Service |