Real Estate

Nonprofit lender Community Investment Corp. has raised $200 million from three dozen banks to finance the acquisition and rehabilitation of apartments in low- to moderate-income areas in Chicago. CIC plans to use the money to fill a hole in lending created during the housing crisis that has been slower to close in some neighborhoods than others. Lenders that pulled out ...

The Inspector-General of Police (IG), Solomon Arase, on Wednesday mandated the Police Works Department of the Force to build 6000 units of modern houses for the rank and file personnel. Arase gave the mandate at a one-day workshop held for officers of the works department in Abuja. The IG, however, said that corrupt officers would not benefit from the project. ...

Many of the places with the hottest markets in May will come as no surprise to consumers — most are in California. Realtor.com determines “hot” markets based on two factors: the median inventory age in the market and the number of views per listing on Realtor.com, and the 20 hottest markets rank in the top 50 in both metrics. Nationwide, a ...

Defects liability period is a common feature of construction contracts. The defects liability period is the period of time within which the contractor is contractually obliged to return to the construction site to repair defects which have appeared in the contractor’s works. In addition, a certificate of practical completion is usually issued by the architect upon completion of the building ...

The Veteran actress and wife of the late Nigerian playwright, Hubert Ogunde, Idowu Philips, popularly known as ‘ Iya Rainbow ’, in a recent interview with Punch has revealed how she got involved in Real Estate business. Excerpts from the interview below: “Q- Not many people know that you are into real estate. How did you get involved in the ...

Canadian investment giant Brookfield Property Partners has bought Center Parcs, trumping rivals bids for the holiday business and scotching a potential stock market float. The commercial property group won the auction for the UK holiday parks operator with an offer believed to have been just below the £2.5bn asking price that private equity owner Blackstone had sought for the business. ...

Martins stared warily at Ada who gave him a quizzical look, wondering why he still stood in her office. After Mama Ruka had confessed to the fact that she was the one who mistakenly left a lit candle on a plastic in the kitchen after she finished cooking, things had progressed. The landlord had been reluctant to release them after ...

As Asian institutions have become increasingly interested in continental Europe’s real estate sector on the back of the cheaper euro and the central bank’s money printing programme known as quantitative easing, a growing number of European landlords are actively reaching out to Chinese and other Asian investors. Asian institutional funds are generally under-allocated to overseas real estate assets partly because ...

Nigeria’s National Assembly is undertaking a world-class permanent site for legislative studies, located in the FCT, Abuja. The building project which will gulp N52.031billion will be completed around November this year. At completion, the edifice will be named the National Institute for Legislative Studies. At the moment, construction works are in peak in a project having its contract conditions as ...

Abuja Housing Show, promoter of housing programmes in the Federal Capital Territory (FCT) on Friday urged President Muhammadu Buhari to prioritize provision of housing. Chief Executive Officer of FESADEB Communication Limited, Festus Adebayo, organizer of Abuja Housing Show told Daily Trust that housing should be given major attention because housing development stimulates economic growth and job creation in the economy. ...