“We sold one of our nine penthouses at Sukhothai Residences on Sathorn Road for Bt313,000 per square metre,” Benjamine Cha, who heads HKR International’s Thai projects, said in a recent interview.
“The buyer is an American investment banker who is married to a Thai lady,” he said, while keeping the identity of the buyer confidential. The [...]
Starwood Capital Group today announced that the recently launched “1†Hotel and Residences, the world’s first luxury, eco-friendly global hotel brand, will open New York City’s first five-star green hotel on West 40th Street in Manhattan, across from Bryant Park. The “1†Hotel and Residences will be part of a proposed 31-story mixed-use green tower [...]
Media and gaming giant Publishing and Broadcasting has made its first foray into the United States casino market, buying a US$250 million ($343 million) stake in a Las Vegas resort.
PBL said yesterday that it would buy a 19.6 per cent interest in Fontainebleau Resorts, the developer of a major new casino and resort property on [...]
The arrival of a Korean developer and the promotion of rotating towers are surely separate symptoms of a bubble in Dubai real estate. Foreign firms are usually the last to arrive, and outlandish proposals are only taken seriously during the most bullish of times. But supply and demand is the issue of greater concern.
Expert opinion [...]
Blackstone Group LP, the leveraged buyout firm that spent about $160 billion on acquisitions during the past two decades, earns higher returns from investing in real estate than from its takeover funds.
Real estate has been New York-based Blackstone’s best- performing investment since the company started buying property 16 years ago, with net returns averaging 29 [...]
Diamondhead Casino Corporation issued a status report for its shareholders. The Company owns, through Mississippi Gaming Corporation, a wholly-owned subsidiary of the Company, approximately 404 acres of land in Diamondhead, Mississippi. The property is debt-free and lien-free. The property fronts Interstate 10 for approximately two miles and the Bay of St. Louis for approximately [...]
Rebuilding Together®, the nation’s largest volunteer home rehabilitation organization, is providing modifications and repairs at the home of Operation Iraqi Freedom veteran Christopher Edwards through its Serving Those Who Serve(SM) program today. Countrywide® Financial Corporation, America’s #1 home loan lender*, has contributed more than $1.2 million as the founding sponsor of a nationwide program [...]
Mr. Bert Figearo, Director and member of the Board of Asia Pacific Commercial Real Estate Guides and AsiaCRE.com remarks on the build up to this inaugural event as planning kicks in to full swing following the completed selection of the esteemed jury and highly regarded Key Note speaker. “I especially enjoy attending the awards ceremonies [...]
Gulf Finance House (GFH), the leading Islamic investment bank, today announces the expansion of its integrated infrastructure and real estate development division. Headed by Keith Parker, a senior executive director of the Bank, this function combines the origination, financing and development capabilities of GFH under one management structure.
The creation of this stand-alone division is a [...]
Gulf Finance House (GFH), the leading Islamic investment bank, today announced the expansion of its integrated infrastructure and real estate development division.
Headed by Keith Parker, a senior executive director of the Bank, this function combines the origination, financing and development capabilities of GFH under one management structure.
The creation of this stand-alone division is a natural [...]
Hospitality Properties Trust announced that it has commenced a public offering of 4,000,000 common shares of beneficial interest. HPT expects to use the net proceeds to repay a portion of the debt incurred to fund its recently completed acquisition of TravelCenters of America, Inc.. The underwriters will be granted a 30-day option to purchase up [...]
W. R. Berkley Corporation announced that it intends to issue $250 million of senior notes due 2037. The net proceeds of the offering will be used for general corporate purposes, including the repayment of indebtedness.
Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are joint book runners and joint lead managers of the offering. [...]
