Tag Archives: Global real estate

The billionaire hedge fund manager Kenneth Griffin is known as an aggressive trader who waits for prices to fall before buying. But when it comes to personal real estate, Mr. Griffin appears to be less price-sensitive. Over the last two years, Mr. Griffin, the chief executive of the investment firm Citadel, has gone on a multicity real estate shopping spree. ...

In the latest policy proposal by Prime Minister Tony Abott’s government’s tough new laws to combat the nation’s housing affordability crisis, which has been partially caused by foreign investors who have inflated housing costs and priced out local buyers, foreign investors who have purchased property illegally in Australia will have until the end of November to come forward to avoid criminal ...

Veteran Rex Rudy who has more than 20years of experience in the industry has been hired by U.S. Bank to head its commercial real estate division, succeeding Joe Hoesley, who retired in March. Rudy most recently serves as managing director and group head of real estate investment trust (REIT) finance at Wells Fargo. Rex is an experienced commercial real estate ...

The commercial and residential real estate markets are coming off their peaks, but expect a soft landing. “We are clearly off our peak,” said David Dube, president and CEO of Concorde Group of Companies. “But that is healthy. Markets do not go up forever. This is a temporary adjustment.” Dube, who chaired the third annual Saskatchewan Real Estate Forum held ...

A new report has found that Prime office real estate in some of the world’s leading cities is about to take a hit from the falling price of oil. The report, released this month by property specialists DTZ, has identified 18 key “energy cities” around the world where unemployment will rise and office rental prices will fall as energy companies ...

Michael Spence a Nobel laureate and the William R. Berkley professor in Economic and Business at New York University, told a conference in New York on the 17th of April that he expects China’s GDP to average 6 to 7 percent annually. China’s real estate market is so big that it can affect the global economy, and the country’s regional ...

Germany-based Union Investment announced it has finalized the purchase of the 36-story 1000 Main office tower in downtown Houston for approximately $440 million or about $525 per square foot, in one of the biggest Houston realty deals ever. “We are delighted to add this well positioned property with strong prospects for stable long-term income and rent growth to our excellent ...

Blackstone Group LP has gathered $14.5 billion from institutions for a global real estate fund and plans to collect an extra $1.3 billion from individuals, a person with knowledge of the matter said. The world’s biggest alternative-asset manager raised the money in about four months, said the person, who requested anonymity because fundraising details are kept private until the fund ...

Tenants face £70m rent rise as social housing converted to affordable’ homes London’s poorest households have been hit by a £70m rent rise as housing associations quietly switch thousands of tenancies to higher rates to make up a shortfall in government funding. About 25,000 homes in the capital have been converted from “social” housing to “affordable” since 2012, according to ...

One-time billionaire and Yellowstone Club founder Tim Blixseth owes almost $74 million in back taxes, penalties and interest in Montana, state revenue officials said Tuesday, after a tax board ruled that the real estate mogul diverted huge sums from the luxury resort for personal use. Revenue officials said the Washington state resident and his former wife misappropriated more than $270 ...