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Global Real Estate

New York: Sears raises $1.7B in spinning off real estate

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Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp, made its debut Monday on the New York Stock Exchange and estimated it had raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties. It plans to sell and lease back ...

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How termites can destroy your home

Guess what else can lead to the collapse of that building of yours…A relentless real estate property agent in the nuisance category. Termites are tiny wood-boring insects that are silent killers to homes and other buildings; their preoccupation is destruction. They have been around since the beginning of time because they are adaptable to ever-changing environments. Their ability to cause ...

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‘Atlanta in top 10 for commercial real estate demand’ – DTZ

According to a prominent real estate firm, Atlanta experiences a sizable boon in tenant demand for commercial real estate, which corresponded with the ascension of renting throughout the country. DTZ said the demand for real estate space rebounding in more than 70 percent of the country during the second quarter of 2015. The city of Atlanta was named in the top ...

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Qatar: Barwa Real Estate unveils five-year business plan

Barwa Real Estate, one of Qatar’s largest listed real estate companies, announced a five-year business plan on Monday which targets a return on equity of no less than 15 per cent to the end of 2020. Under the 2016-2020 plan, Barwa is looking at QR15 billion ($4.1 billion) of capital expenditure for the next five years, according to a bourse ...

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Kamloops, Canada: Province team up for affordable housing

Four years after they were first tapped for affordable housing, three City of Kamloops properties are today closer to hosting low-income residents. The city and provincial government announced on Tuesday they have reached an agreement to put up to 98 units of affordable housing at 1685 and 1940 Pacific Way in Aberdeen and 1050 McMurdo Drive in South Kamloops. The ...

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US Court rules that religious 10 Commandments Monument be pulled down

Controversy arising in the United States on the Ten commandment monument which Oklahoma court has asked to be pulled down. Oklahoma’s highest court overturns a previous decision by a district court judge who determined the monument could stay. The court has said the monument, which was privately funded by a Republican legislator, is “obviously religious in nature and are an ...

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The right kinds of homes for kids in a sane world

“The right kinds of homes” is relative to that part of the world you find yourself. If you are in a developed society, then it may probably be easy to get. However its a different tale for my counterparts in developing countries while under-developed countries are worse of. White kids have luxuries but do you think black kids don’t love ...

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Calpers Pension to Sell $3 Billion of Real Estate Portfolio

The California Public Employees’ Retirement System, the biggest U.S. pension, plans to sell as much as $3 billion of its real-estate portfolio, a move that’s part of a broader plan to reduce costs, risk and the number of external investment managers. The $303 billion fund will sell about 12 percent of its $25.5 billion real-estate program of commercial, industrial and ...

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