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Despite Slump, Hong Kong Real Estate Remains Strong
The world's fourth-tallest building, the ICC, is not complete yet. But despite the global economic crisis, it is already nearly fully rented.
International Herald Tribune

MagnetBank post-mortem reveals problems
Deteriorating real estate development loans, suspect loan practices and an over-reliance on wholesale deposits felled MagnetBank, the Utah-based, but Atlanta-run bank that was seized by regulators last January, federal auditors said in a report issued Wednesday.
Biz Journal

CREA increases 2009 housing sales estimate
Strong home sales in the summer have prompted the Canadian real estate Association to dramatically increase its forecast for sales figures for this year.
CBC

US investors absent from European property market (US)
One of the most significant changes in the structure of the European commercial real estate market over the last two years has been the withdrawal of US buyers from the market since the credit crunch took hold, according to new research from CB Richard Ellis. Two years ago, at the peak of the market, US investors were the largest single player in the European commercial property market, making over €20 billion of acquisitions in the first half of 2007 alone. Although they were also active tra
Europe RE

Restructuring in the real estate sector clear sign of key lessons learned (UAE)
A.T. Kearney, a leading global strategic consulting firm, in a recent study concluded that the awaited consolidation wave in the real estate industry in the UAE and GCC has started. Developers demonstrate that they are mindful of lessons learnt from past real estate cycles in other markets, where companies that survived have built strong differentiated capabilities and diversified across the value chain to stabilize sources of revenues. In similar markets such as Singapore and Hong Kong, which
Europe RE

Final results 2008/09: difficult financial year for IMMOFINANZ AG (DE)
IMMOFINANZ AG is looking back on a very challenging financial year (May 1, 2008 to April 30, 2009. The reasons for this are, on the one hand, the worldwide financial and economic crisis, which has caused a significant economic slump in the real estate sector. On the other hand, also the malversations caused by the management of Constantia Privatbank AG had a massive impact on the business activities of IMMOFINANZ AG. Since the management change in November of last year, the company now consiste
Europe RE

Narrowest House Has Location, Location, Location
Attention real estate buyers, the narrowest house in New York City is back on the market. The asking price for the three-story home built in 1873 in Greenwich Village is $2.7 million. Anthropologist Margaret Mead once lived in it, and Edna St Vincent Millay may have penned a poem in the narrow home. The house sold in 2000 for $1.6 million.
NPR

Fitch affirms Qatar Real Estate Investment Company at `BBB+`
QATAR. The rating affirmation reflects Alaqaria's strong business model, robust lessor profile and above-average lease duration for the region.
Business Intelligence Middle East

Tribune bondholders seek to probe sale to Zell (AP)
Bondholders of newspaper and television station owner Tribune Co. have asked a bankruptcy court judge to allow them to scrutinize the company's 2007 sale to real estate mogul Sam Zell.
yahoo.com

Mohr, AsiaPac Agree to New Strategic Partnership
Mohr Partners Inc., a Dallas-headquartered corporate real estate services firm headed by Robert Mohr, and AsiaPac International, a San Jose, CA-based tenant representation company started by Patrick Moultrup, formed Mohr AsiaPac Global Partners, a joint...
CoStar Group

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