Donald J. Trump, CEO of the Trump Organization, comments:
‘Last week I had the honour of globally launching Trump
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NY to launch mortgage probe
he Supreme Court ruled Monday that the New York attorney general’s office can investigate whether national banks discriminated against minorities seeking mortgages.
The justices overturned part of a ruling by a U.S. appeals court that entirely blocked the state office from investigating or enforcing the fair lending laws against national banks because they are subject instead to federal regulation.
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Qinetiq wins $39M GSA real estate contract
QinetiQ North America subsidiary ITS Corp. has won a contract worth up to $39 million from the General Services Administration to provide a new inventory system to help manage GSA’s real estate.
Under the five-year contract, QinetiQ will develop new inventory management software to replace GSA’s Public Buildings Service’s existing
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Airways Business Center sells for $7.27M
Owners of a warehouse at the Airways Business Center in Aurora have sold the property for $7.27 million, according to Adams County real estate records.
County records show that the building, located at 2460 Airport Blvd., includes 162,000 square feet of space and was completed in
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Hypo Real Estate needs more state aid
Stricken German bank Hypo Real Estate will need more state support even after a capital increase the German government is pushing through to take full control of the lender, its chief executive said.
“There is a need for more capital after the capital increase that the general meeting will address on Tuesday,” Axel Wieandt told the Frankfurter
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Chinese find opportunity in U.S. real estate slump
BEIJING — Amid a downturn in real estate prices, some wealthy Chinese are signing up for home-buying tours to the U.S., and Chinese media tout the trend as another sign of the strength of what’s now the world’s third-largest economy behind the U.S. and Japan.
“The real estate prices in America have gone down drastically,” said Yin Guohua, a partner in a law firm who recently returned from an 11-day U.S. tour with a group of Chinese elite. “It’s a good option for Chinese people who want to buy for investment.”
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Weichert Sees New Housing Bill Aiding an Already Improving Real Estate Market
Weichert Sees New Housing Bill Aiding an Already Improving Real Estate Market
At the start of the year, James M. Weichert, president and founder of Weichert, Realtors(R), one of the nation’s largest privately-held real estate companies, called upon Congress to take action to stimulate the struggling economy amid growing national concern.
Specifically, Weichert proposed a tax credit for home buyers to rejuvenate the slowing housing market. A little more than 6 months later, Weichert’s proposal has become policy as the Housing and Economic Recovery Act of 2008 was signed in to law.
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BioMed Realty Trust Reports Second Quarter 2008 Financial Results
BioMed Realty Trust Reports Second Quarter 2008 Financial Results
Rental revenues for the quarter were $54.2 million, representing a 9.6% increase versus the second quarter of 2007. Same property net operating income increased 6.1% on a cash basis for the second quarter of 2008 compared to the second quarter of 2007.
Total revenues for the quarter were $70.8 million, compared to $68.4 million in the second quarter of 2007. Net income available to common stockholders for the quarter was $14.1 million, or $0.20 per diluted share,
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COPT posts improved earnings amid shaky real estate market
Corporate Office Property Trust posted a 7 percent increase in earnings for the second quarter of 2008, bolstered by deals that included a full building lease to Integral Systems Inc. in Columbia.
For the quarter ended June 30, the Columbia-based real estate investment trust reported funds from operations of 61 cents per share, or $34.2 million, up from 57 cents per share, or $31.8 million, in the second quarter of 2007.
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Donald Trump brings New York real estate to the UAE
The Trump SoHo Hotel Condominium project started sales in September last year and this exclusive property is the only luxury hotel condominium in Manhattan’s fashionable SoHo neighbourhood. A hotel condominium provides a unique opportunity to own a unit in a hotel which can be rented out to guests when not occupied by the owner. They are an ideal solution for international buyers who live away from New York but want a familiar place to stay when there. The hotel is due to open next summer.
New York Teachers Commits $130M To Private Equity Real Estate
Newyork teachers commits $130M to private equity Real Estate
The New York City Board of Education Retirement System is looking to deploy approximately $130 million to private equity real estate investments and is seeking exposure to a diverse range of property types through stable return and enhanced/opportunistic investments.
The system has issued a request for qualifications from managers to implement its new mandate via fund of funds or limited partnerships. Individual direct property investments, funds of predominantly
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