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Marked rise in Jelmoli mid-year turnover, both per comparable sales floor area and absolute
Jelmoli Zurich turnover (including Specialty Businesses)...
15/07/2008
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Six housing estates in Berlin, including the Wohnstadt Carl Legien owned by Pirelli RE, together with joined venture partner RREEF, have been given the status of World Heritage by Unesco...
15/07/2008
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Moscow has leapfrogged the City of London to become the second most expensive office location in Europe after rents there rocketed 46.2% in one year, reaching €1,025.9 per square metre per...
15/07/2008
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ING Real Estate announces the appointment of Richard Price as CEO of its Asian investment management business. Mr Price brings extensive experience to the business having lived and worked in Hong...
14/07/2008
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Sal. Oppenheim Real Estate has combined its activities in the area of real estate investment management in a new company called 4IP Management AG in Zurich. A focused and specialized investment...
14/07/2008
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Sonae Sierra, the international shopping centre specialist, and Rockspring announced that Pantheon Plaza, the biggest shopping and leisure centre in the wider periphery of Thessaly, in Central...
13/06/2008
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Foncière des Régions et Groupama ont signé le 03 juin 2008 un accord de cession portant sur la vente au profit de sociétés de Groupama d'un ensemble immobilier de 18 300 m² de bureaux situé à La...
12/06/2008
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On 3 June 2008, Foncière des Régions and Groupama signed an agreement to sell off an 18,300 sq.m office real estate complex in La Défense to Groupama companies for €126.5 million (excluding...
12/06/2008
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En mai 2008, l'indice homegate.ch du marché des loyers a faiblement augmenté de 0,1 % par rapport au mois précédent. L'indice «Suisse» atteint le niveau de 110,8 points. Une baisse de 0,3 % a été...
12/06/2008
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Colliers International Central and Eastern Europe has strengthened its regional team with a series of key new hires.
Jack...
11/06/2008
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ING Real Estate is pleased to announce the appointment of Silvio Estienne as Country Manager France for its real estate investment management business as of 1 July 2008. From its Paris office, ING...
11/06/2008
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Knight Frank has substantially strengthened its retail expertise with the acquisition of leading retail practice Markham Vaughan Gillingham (“MVG”). Led by five directors and two...
11/06/2008
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DEGI, part of the Aberdeen Property Investors Group, today announced that it has signed a contract to purchase the Iris Shopping Centre Titan in Bucharest, Romania, for €140 million. The...
11/06/2008
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NAI Global, the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, has promoted Andrew G. Simon to Executive Managing Director of...
28/05/2008
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Antalis Iberia, advised by joint agents Savills and Forcadell, has taken distribution space outside Barcelona.
The wholesale office stationery...
28/05/2008
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Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) announce the appointment of Alexander Karkut MRICS as Head of Valuation. Alexander has more than 13 years of experience in the commercial real...
28/05/2008
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Jones Lang LaSalle announced that Philips has signed a Preliminary Lease Agreement for 6,918 m² in the Western Gate Business Park, Building A. The new Moscow headquarters of Philips will accommodate...
28/05/2008
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Henderson Global Investors, the independent asset manager with €98.5 billion under management, announces the appointment of Kay Jackson as Head of Asset Management for its sector specialist...
28/05/2008
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Aberdeen Property Investors announced that one of its Pan-European funds, Aberdeen European Balanced Property Fund, has recently acquired properties in both France and the Netherlands....
28/05/2008
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Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), is launching homes within Bay La Sun Boulevard Towers at a special sales event to be...
27/05/2008
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The country's largest housebuilder by market capitalisation reported a slump in pre-tax profits and slashed its dividend but said conditions are beginning to stabilise
21/08/2008 12:09
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Mark Pain, finance director of Barratt Developments, describes it as one of the most difficult periods of his 25-year career
20/08/2008 17:54
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The four horsemen of the apocalypse made an appearance in the property industry on Tuesday as UK developer Brixton warned that worse was to come for the struggling sector
19/08/2008 23:08
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The Tokyo Stock Exchange is looking into a convertible bond issued by Urban, the Japanese property developer that collapsed last week with $2.3bn in debts, and underwritten by BNP Paribas, after it emerged that material details had not been disclosed to investors
19/08/2008 00:35
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Cambodian conglomerate is raising $2bn from private investors, together with Hong Kong-based Millennium Group, to develop the island of Koh Rong
17/08/2008 23:50
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Pumped-up oil prices are buoying commercial property in some US cities closely linked to the commodity, even as most of the rest of the country succumbs to a dramatic real-estate slump
17/08/2008 18:56
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Having reached stratospheric heights, Singapore's property market looks set to hit some turbulence that could produce an equally significant fall, writes John Burton
17/08/2008 18:35
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Few Wall Street firms have embraced commercial real estate as aggressively as Lehman Brothers. Now Lehman's near-term fate depends in part on whether it can attract buyers for the assets and securities in its property portfolio
16/08/2008 01:01
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Lehman Brothers is in talks with potential buyers
over the sale of its $40bn portfolio of commercial real estate assets and securities in an effort to replenish its balance sheet
16/08/2008 00:32
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While Joy McCallin has been able to take advantage of the huge house price growth, her son Gabriel is part of a generation that is struggling to rise up the housing ladder
15/08/2008 23:53
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The decision to freeze the development was welcomed by investors but this fails to hide one of the most bearish statements to date on the property sector
14/08/2008 23:54
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By shelving plans for the Cheesegrater, British Land is bowing to the inevitable
14/08/2008 14:37
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The housebuilder kicked off the troubled sector's reporting season by saying home sales had fallen more than 10 per cent in the six months to July and margins were under increasing pressure
14/08/2008 09:46
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The office developer confirmed it is considering postponing the development of the so-called Cheesegrater development in the City of London as it revealed a first quarter pre-tax loss of £572m
14/08/2008 08:58
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The chancellor is under renewed pressure to clarify any plans for a stamp duty holiday after a poll of estate agents showed the uncertainty was hitting the housing market
14/08/2008 04:00
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Property stocks in the Gulf declined on Thursday on concern investigations into corruption at real-estate companies in the UAE may widen, reported Bloomberg. Tamweel sank to the lowest this year, even after the company denied it's being investigated by Dubai police. Aldar Properties fell for a second day, while Emaar Properties dropped to the lowest in more than three years.
21/08/2008 12:28
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UK-based developer Select Property plans to build a £100m apartment tower in Dubai Marina, reported Crain's Manchester Business. The 31-storey West Avenue will have 251 flats plus shops and restaurants on the ground floor, and is due to be completed in 2011. The project is a joint venture with Dubai-based Select Group, a company based in the Emirate, and this property will be the seventh scheme in the marina for the two companies.
21/08/2008 11:52
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Donald Trump and the chairman of Dubai World are hosting an exclusive party to launch the Trump International Hotel & Tower Dubai at a private estate in Bel-Air, California on Saturday night, reported the Los Angeles Times. Christina Aguilera will be performing live and the evening's guest list includes Russell Crowe, Orlando Bloom, and Gov. Arnold Schwarzenegger.
21/08/2008 09:30
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An increasing number of property buyers are growing frustrated by the delays often associated with securing a mortgage in the UAE, as the lack of a developed credit bureau continues to slow down application approvals, says Chris Dommett, CEO of leading independent mortgage advisor John Charcol Dubai. The mortgage approval process in the UAE can take banks up to six months to determine the creditworthiness of a potential buyer, he says. For this reason, he advises that potential buyers secure...
21/08/2008 07:31
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Schön Properties, developer of the Dhs3bn Dubai Lagoon project, has confirmed in a press release that full refunds will be given to all investors who purchased units scheduled for completion by December 2007. The developer said the refund policy has been extended as an act of goodwill due to confusion amongst some investors in regards to the project phases and revised completion dates. Schon said delays in completion of the project have been the direct result of unanticipated civic and...
20/08/2008 12:16
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The dollar fell sharply Thursday as a weak report on leading economic indicators renewed concerns over the US outlook, contrasted with slightly better-than-expected eurozone data.
The euro was trading at 1.4898 dollars at 2100 GMT, up sharply from 1.4745 dollars in New York late on Wednesday.
The greenback sank to 108.46 yen from 109.88.
"The dollar has been undermined by renewed concerns over the health of the US financial system,"...
21/08/2008 10:29
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The dollar fell sharply against the euro Thursday as slightly better-than-expected eurozone Purchasing Managers Index figures contrasted with growing concerns over the US economic outlook.
Dealers said the euro has bounced back strongly since hitting six-month lows at 1.4631 dollars on Tuesday, suggesting the markets may have reversed the view earlier this month that the dollar had finally hit bottom and could only firm.
The latest US data offered no...
21/08/2008 09:14
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World Trade Organization chief Pascal Lamy and top US trade negotiator Susan Schwab were to meet in Washington in an effort to restart the Doha Round of negotiations, a US official said Thursday.
Lamy and the US trade representative were to have a private dinner late Thursday and hold further talks Friday morning, USTR spokeswoman Gretchen Hamel told AFP.
Schwab, in an interview with Inside US Trade published Wednesday, said the United States supports...
21/08/2008 09:14
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Yahoo is building an Internet-age news service, leveraging its global audience of a half-billion people to win exclusive interviews with world leaders.
Unlike websites that just aggregate news stories plucked from the Internet, Yahoo is cutting content deals with wire services and other "traditional" outlets as well as investing in a bullpen of its own reporters.
"Yahoo News is a news organization," director of editorial programming Jessica Barron told...
21/08/2008 09:14
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Oil prices rocketed higher Thursday as traders tracked geopolitical tensions between the United States and Russia, a weak dollar and a large drop in US motor fuel reserves.
New York's main oil futures contract, light sweet crude for delivery in October, soared more than six dollars to 122.04 dollars per barrel at one point in Thursday trading, a level last seen in early August.
In London, Brent North Sea crude for October briefly rallied a similar...
21/08/2008 09:14
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Oil prices jumped back above 122 dollars on Thursday as traders tracked geopolitical tensions between the United States and Russia, a weak dollar and a large drop in US motor fuel reserves.
New York's main contract, light sweet crude for delivery in October, soared more than six dollars to 122.04 dollars per barrel, a level last seen at the start of August.
London's Brent North Sea crude for October rallied a similar amount to a two-week high...
21/08/2008 07:59
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Oil prices jumped back above 122 dollars on Thursday as traders tracked geopolitical tensions between the United States and Russia, a weak dollar and a large drop in US motor fuel reserves.
New York's main contract, light sweet crude for delivery in October, soared more than six dollars to 122.02 dollars per barrel, levels last seen on August 4.
At the same time, London's Brent North Sea crude for October delivery rallied a similar amount to a...
21/08/2008 05:29
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A forward-looking index of key US economic indicators fell by a more-than-expected 0.9 percent in July as economic headwinds continued to challenge American consumers, the Conference Board said Thursday.
The private survey group said its Leading Economic Index, which tracks a range of economic and market factors, dropped notably after remaining unchanged in June, suggesting consumers remain pessimistic about economic momentum.
Most economists had...
21/08/2008 04:14
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The price of oil jumped back above 120 dollars Thursday as traders tracked geopolitical tensions between the United States and Russia, a weak dollar and a large drop in US motor fuel reserves.
21/08/2008 04:14
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This Saturday, Watani, the social development programme, in collaboration with the Dubai Summer Surprises presents, the final lecture from the series of ?Mind's Pleasure' seminars and workshops, titled "3 Poles ? Three Pinnacles of Extreme Adventures". This last lecture will be presented on 23rd August by Adrian Hayes, the professional corporate coach and adventurer.
Adrian Hayes created history when he became one of the 15 people who climbed Mount Everest and walked to the North and...
21/08/2008 03:42
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Under the patronage of H.H. Sheikh Majed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Culture & Arts Authority, the curtain rang down on the Dubai Festival for Youth Theatre after its successful 10-day run with yet another exceptional performance and presentation of awards.
The festival was organized, with the dual purpose of providing a launch pad for the UAE's young talent as well as an entertaining summer treat for people who enjoy theatre....
21/08/2008 03:42
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The eleventh edition of Dubai Summer Surprises concludes on Friday, August 22, as families, children, and retailers in Dubai look back on 65 days of excitement that spanned from shopping malls to Modhesh Fun City, the largest edutainment venue in the region. The summer extravaganza witnessed a tremendous response for its shopping promotions, entertainment, and amazing prizes organized for visitors to Dubai this year.
The highlight of DSS 2008 was the inclusion of the ?Tens...
21/08/2008 03:42
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The new 2009 version of Nissan's best-selling Tiida compact car will reach Middle East showrooms this summer boasting fresher looks and an improved standard specification. With over a million cars sold around the world since Tiida's launch introduction in September 2004, the car is exceeding customer expectations for compact vehicles offering roomy interiors, premium quality and competitive fuel economy and performance.
"This time, Tiida's front face has become much more handsome...
21/08/2008 03:42
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Ajaaj, the first UAE superhero and the brainchild of Watani, the social development programme, continues to impress its visitors in his Adventure Zone cave at Modhesh City. The zone had attracted more than 10,000 visitors from all over the emirates as well as the neighboring countries. Children and adults are fascinated by the futuristic theme that dominates the journey inside the Ajaaj Adventure Zone.
The journey comprises six stops, during which visitors are entertained...
21/08/2008 03:42
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Royal Jordanian selected Cargoworks Europe to be its general sales and services agent (GSSA) in Germany, as the airline decided to outsource cargo sales activities. Thus Cargoworks will represent RJ Cargo effective September 1, 2008. RJ President/CEO Samer Majali said: "Cargoworks is a strong partner to RJ. It is committed to excellence in service and has high-quality people, which results in superior business success. They are using the same IT solution that RJ will install in October 2008,...
21/08/2008 03:42
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Retail sales rose in July, recovering from the biggest monthly drop for 22 years in June, official data showed on Thursday.
On a monthly basis, retail sales grew by 0.8 percent in July from June, the Office for National Statistics (ONS) said in a statement.
On a 12-month basis, retail sales rose by 2.1 percent in July from the same month in 2007, the ONS added.
The readings beat market expectations for a monthly drop of 0.2 percent...
21/08/2008 02:59
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In line with Abdali CSR program Ru'yatak, around fifty members of the NAJAH youth, participating in the NAJAH Journeys, visited the Abdali new downtown construction site on August 3 & 4, 2008. The purpose of the visits was to gain an understanding of the ongoing developments taking place in downtown Amman and receive a sneak preview of the future downtown hub, which is expected to significantly alter Jordan. The visits came as an opportunity for the NAJAH youth to get a first-hand look at the...
21/08/2008 01:15
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Dubai eGovernment today (Thursday August 21, 2008) announced the winners of Modhesh Friends Forum, a competition it has been organizing every year during Dubai Summer Surprises (DSS), at a glittering awards ceremony held in Modhesh Fun City. This year, the competition generated a record 45,789 posts from 1,183 members on the English and Arabic online discussion forums at www.emodhesh.ae. In addition to comments related to particular threads, participants in Modhesh Friends Forum 2008 could send...
21/08/2008 01:15
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Al Bustan Centre & Residence, deluxe hotel apartments which offer world-class services and facilities in Dubai, has designed an elaborate Iftar buffet in addition to a wide range of local and international gustatory delights at Al Nahda Restaurant this Ramadan to satisfy every taste. The buffet is being offered at just Dhs75 net per person. The choicest gourmet dishes include hot and cold mezze, soothing soups, stews, and tantilising curries and biryanis prepared specially during the holy...
21/08/2008 01:15
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The Dubai International Financial Centre (DIFC) today announced its sponsorship of the Dubai Jet Ski Team, who will compete in this year's European Jet Ski Championship Tour and the World Finals in the United States of America.
The team, which is a blend of experience and youth, consists of Steven Dauliach, a two-time world champion from France, and Emirati youngster Almur Mohammed Bin Huraiz, a prodigious talent who finished fifth in his age group at last year's European...
21/08/2008 01:15
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BNP Paribas assurait hier au Figaro que la production de nouveaux crédits immobiliers était «stable sur six mois», sans donner de chiffre précis. Le groupe se contentait d'indiquer
21/08/2008 21:11
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La maison, celle qu'on achète, celle dont on rêve, est devenue une priorité. Elle doit nous ressembler et porter notre personnalité. Si vous vous sentez désarçonnés devant un éché
21/08/2008 21:11
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"Nous remarquons que les investisseurs internationaux veulent trouver d'autres moyens d'investir en Asie qu'en achetant des actions",
21/08/2008 21:11
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One Live Oak, a 199,000-square-foot office property in Atlanta, has just been snapped up by Grubb & Ellis Realty Investors L.L.C., which made the purchase on behalf of tenant-in-common investors....
21/08/2008 13:20
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NEW Introducing CPN Radio? Introducing CPN?s NEW Blog, REal Talk with CPN, the Place for Trends, News and ViewsShare Your Thoughts and Views on Today?s Breaking News and Important Real Estate Issues?...
21/08/2008 12:53
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After a highly successful 11-year stint as vice president of leasing at CarrAmerica Realty Corp. in Austin, real estate industry veteran Roy Scruggs has left the company and made his way to...
21/08/2008 11:10
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Dallas-based Prime Income Asset Management and Port Olpenitz GmbH are ready to break ground on the approximately $733 million, 425-acre Port Olpenitz, a holiday resort located in the northeastern...
21/08/2008 12:11
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Prime Retail has just wrapped up the acquisition of 64 acres of land in suburban Dallas that will become home to Prime Outlets-Grand Prairie. The new 485,000-square-foot shopping center carries a...
21/08/2008 12:57
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Forest City Ratner Cos. has closed on a $167 million construction financing deal for 80 DeKalb, a 365-unit apartment project in Downtown Brooklyn. The New York State Housing Finance Agency approved...
21/08/2008 08:41
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Pacific Office Properties Trust Inc. and an institutional co-investor have acquired a portfolio of seven Southern California office complexes for $195 million. The combined properties contain more...
21/08/2008 12:32
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It?s only Wednesday and already it?s been a big week for upscale multi-family developer Post Properties of Atlanta. The REIT has sold its 250-unit Post Oglethorpe apartment community in Atlanta?s...
21/08/2008 12:32
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The volume of U.S. hotel transactions for the first six months of 2008 plunged 81 percent from the year-ago period, to $6 billion, according to a Jones Lang LaSalle Hotels. The firm based the...
20/08/2008 16:33
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Shares of Fannie Mae and Freddie Mac plummeted yet again today on renewed fears of the possibility that the government may be forced to bail out the beleaguered institutions.
20/08/2008 09:21
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San Francisco-based Spear Street Capital has acquired an office property portfolio consisting of Riata Corporate Park and Riata Crossing in Austin. The complex includes 13 buildings totaling about...
20/08/2008 07:56
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ProLogis plans to develop approximately 500,000 square feet of industrial warehouse space in Ciudad Juarez, Mexico. The firm is now beginning phase one of the development at ProLogis Park Centro...
20/08/2008 16:23
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PSP Swiss Property – Continuing strong operating earnings as a result of the measures introduced last year. Full year’s forecast confirmed
21/08/2008
