Tag Archives: property

By Tom Westbrook and Donny Kwok HONG KONG (Reuters) -Distressed developer China Evergrande will sell a half-stake in its property management unit to Hopson Development for more than $5 billion, Chinese media said on Monday, after both Evergrande and Hopson requested trading halts ahead of a major transaction. Once China’s top-selling developer, Evergrande is facing what could be one of the country’s largest-ever restructurings as a crackdown on debt leaves it unable to refinance $305 billion… Source link

Chinese property developer Evergrande sent shockwaves through stock markets on Monday morning. Photo: STR/AFP via Getty European stocks fell at the open on Monday morning in London following news of an energy market crunch in Europe and sharp losses in Asia as investors fled from property stocks.  The FTSE 100 (^FTSE) was 1.6% lower by mid-morning in London. Germany’s DAX (^GDAXI) and France’s CAC (^FCHI) both fell around 2.3%.  Investors in the UK were watching for movement in the UK energy… Source link

BOULDER, Colo. (CBS4)– Google is expanding its real estate in Boulder. The company purchases another building near Pearl Street. Google’s Boulder Campus (credit: CBS) Reve Boulder is a mixed-use development at 30th and Pearl. It will soon be turned into an extension of Google’s nearby campus. (Photo by Adam Berry/Getty Images) Google has been in Boulder since 2006 and said it is excited to be growing its presence in Colorado. Source link

BEIJING, Aug 16 (Reuters) – Real estate investment in China rose 12.7% in January-July from a year earlier, cooling from a 15% gain seen in the first six months, official data showed on Monday. Property sales by floor area grew 21.5%, according to data from the National Bureau of Statistics, down from an on-year growth of a 27.7% in the first six months. New construction starts measured by floor area declined 0.9%from a year earlier, versus 3.8% growth in the first six months of the year. Funds… Source link

Jeff Bezos said in a court filing that Michael Sanchez tried to avoid paying a defamation judgment. The filing accused Sanchez of transferring his California residence to a limited liability company. Thursday’s court filing marked the latest development in an ongoing legal battle.  See more stories on Insider’s business page. Amazon CEO Jeff Bezos on Thursday said in a court filing that his girlfriend’s brother tried to avoid reimbursing his legal fees by hiding his ownership of a $2.5 million… Source link

(Bloomberg) — The billionaire founder of KE Holdings Inc. has died of an unspecified illness, a shocking development for a Chinese property company that pulled off one of the strongest U.S. market debuts of 2020. Zuo Hui, who turned the company known as Beike from a nationwide chain of real estate offices into China’s largest platform for housing transactions and services, died May 20 after an “unexpected worsening of illness,” his company said in a statement without elaborating. KE… Source link

To print this article, all you need is to be registered or login on Mondaq.com. After a more than a decade of litigation, on 5th April the US Supreme Court handed down its decision in Google v Oracle. Google won. Those who read the decision might have been a little disappointed. In what was widely considered to be the most significant software copyright dispute of its time, the Court had two questions to answer. But it sidestepped the… Source link

MOUNTAIN VIEW — Google will “double down” on California by investing more than $1 billion in properties and development projects statewide, including several in the Bay Area, the search giant said Thursday. “A lasting economic recovery will come from local communities, and the people and small businesses that give them life,” said Sundar Pichai, chief executive officer of Google and its owner, tech titan Alphabet. “Google wants to be a part of that recovery.” Mountain… Source link

Here’s how you can make your first steps towards buying your first property. (Source: Getty) The Australian real estate market is worth a whopping $6.5 trillion. It makes sense then that economists label property investment as the best and also one of the simplest ways to make money. Have you ever thought of investing in Australian real estate, but aren’t sure where to start? It might seem daunting but there are some simple steps you can take right now which will get you on your way – and… Source link