Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
Adding to the tension for commercial investors: Construction and insurance costs have soared.
At least one big plan — a $400 million proposal by Donald Trump to construct the city‘s tallest building — is going [...]

Donald Trump will be in town Thursday to mark completion of the hotel portion, up to the 29th floor, of the 92-story, $850 million Trump International Hotel & Tower overlooking the Chicago River.
The hotel is scheduled to open in December.
Trump will also be trying to generate sales of residential units in the building. Usually, [...]

Talon International Development Inc. and joint venture partner Donald Trump have secured financing for the construction of Trump International Hotel & Tower, Toronto. The project (pictured), which marks the Trump International Hotel & Tower brand’s debut outside U.S. borders, carries a total development price tag of approximately $500 million.
Raiffeisen Zentralbank osterreich AG, Austria’s third largest [...]

The second annual Las Vegas Symposium on Financing, Developing & Operating Condo Hotels was held last week at the Mirage Hotel and Casino in Las Vegas.
The event was organized by the Informational Management Network (IMN) which brought together over 600 builders, owners, developers, analysts, and financial lenders nationwide and internationally to discuss everything and anything [...]

S&P Destination Properties, a new Canadian real estate servicing firm, plans aggressive growth in Thailand with a target to sell resort properties worth up to US$150 million (5.7 billion baht) in the first year of business.
Although the company is still in the process of establishing itself here, it already has its first project _ [...]