Why a Housing Rebound Could Take 20 Years Aug 16, 2009
Economist Celia Chen of Moody's has published a forecast suggesting that residential real estate could take 10 years to recover in most states--and 20 years in Florida and California ... Anybody who doubts that it could take that long should consider the real estate bust in Japan, where prices are still down by half from the peaks they reached 15 years ago ... Business - Real Estate. (Yahoo News -- Top Stories)
Billion-dollar IPOs set to return to US Aug 16, 2009
This week saw an $US810 million IPO by real estate investment trust Starwood Property Trust, likely to become the year's largest should underwriters exercise their option to buy additional shares, while last week, chipmaker Avago Technologies launched a $US648 million IPO.. IPOs will get bigger in part because of a rush by private equity firms, made hopeful by the successful IPO by Avago, owned partly by Kohlberg Kravis & Roberts & Co,, to sell off large portfolio companies. (Sydney Morning Herald -- Business)
Charles River Labs 2nd-qtr profit down 30 percent Aug 15, 2009
View St. Charles, MO real estate and community properties for sale in the O'Fallon, Weldon Spring, Wentzville, Cottleville, Dardenne Prarie and more. With GE Capital Corporation. (Yahoo News -- Pharmaceutical Industry News)
* World Business Quick Take Aug 15, 2009
Isetan, which already has five stores in four Chinese cities, is in talks with real estate firms and partners to open new outlets in Shanghai and other coastal cities, the Nikkei Shimbun and other newspapers reported. It plans to open a store in Shanghai as early as 2011, with about 30,000m2 in floor space, the Yomiuri Shimbun said. (Taipei Times, Taiwan -- World Business)
Confucius could help relations between US, China Aug 15, 2009
His concept of the "middle way" could help both countries recognize the mutual interests that bond them. from the August 14, 2009 edition. (Christian Science Monitor)
NetEase.com Reports Second Quarter 2009 Unaudited Financial Results Aug 13, 2009
Mr. Ding continued, "Advertising services revenue improved quarter-over-quarter in terms of both sales by product and number of advertising customers. We believe this was due to improved advertising spending as a result of domestic economic stimulus and our efforts to upgrade our portal channels and add premium content. We launched several new channels covering education, travel network and real estate in July and August. We also plan to launch a book search and review channel in September. In... (PR Newswire)
Liquidity Boosts China Property Sales Aug 13, 2009
Although much of the speculative capital has likely entered the stock markets, some is expected to have flown into real estate. Despite seemingly strong market sentiment, Chan says the stark contrast between price growth in equities and real estate suggests investors remain cautious ... "The relatively modest rise in property prices so far this year suggests that a potential real estate bubble is not yet a pressing concern," Chan says. (BusinessWeek)
Canada Pension Posts 7.1% Investment Gain as Equity Markets Bounce Back Aug 13, 2009
There are investment opportunities in private markets, where completing deals is more arduous, and in real estate in markets such as China and Brazil, Denison said ... Canada Pension yesterday formed a $400 million commercial- property venture with Brazilian real estate developer Cyrela Commercial Properties SA and the Government of Singapore Investment Corp.s GIC Real Estate investment unit ... The fund had C$196 million in losses by inflation-sensitive assets, such as real estate,... (Bloomberg -- Canada)
H&T Waterbury gets $5m grant to add jobs Aug 12, 2009
Hrbury gets $5m grant to add jobs The Republican-American. The Republican-American. (Republican-American)
How to free Burma's Aung San Suu Kyi Aug 12, 2009
As Obama reviews US policy toward the Burmese regime, he must look to the country's Buddhists. By the Monitor's Editorial Board. (Christian Science Monitor)
China Solar & Clean Energy Solutions, Inc. Reports Second Quarter 2009 Financial Results Aug 12, 2009
China Solar & Clean Energy Solutions, Inc. operates through its wholly owned subsidiaries including Bazhou Deli Solar Energy Heating Co. Ltd. ("Deli Solar (Bazhou)"), Beijing Deli Solar Technology Development Co., Ltd. and Tianjin Huaneng Group, all located in the PRC. The Company manufactures and distributes solar water heater and space heating devices for residential customers, provides energy-saving solutions for real estate developers and tailor-made solutions for utilization of industrial... (PR Newswire)
* Asset bubble fears as property market in China takes off Aug 11, 2009
The real estate market has entered into a quite sensitive period now and bubbles have risen in some regions, said Qin Rui, an analyst with house agency 5j5j (Raag) in Beijing ... Prices of real estate in 70 major cities jumped by 1 percent year-on-year last month, the statistics bureau said in another statement ... Since October, the government has taken a series of measures, including tax breaks and preferential rates for first-home buyers, to avoid a crash in real estate, which... (Taipei Times, Taiwan -- Sports)
China's industrial output rises, prices fall Aug 11, 2009
Regulators worry that too much of the soaring lending by Chinese banks has been diverted to speculation in stocks and real estate. That has prompted worries among investors that Beijing might rein in lending, though Premier Wen Jiabao promised last weekend that easy credit will continue. (Anchorage Daily News)
Chinese group to sell stake in Lenovo parent Aug 11, 2009
The buyer must have operations in finance, energy and real estate, said the announcement, dated Friday. It said the academy wants to sell to a single buyer and will hold an auction if there is more than one bidder after the offer closes Sept. 3. (MSNBC -- Business)
China relishes Olympics legacy Aug 10, 2009
People cheered after a mass tai chi performance outside Beijing's National Stadium Saturday to mark the one-year anniversary of China hosting the Olympics. Alexander F. Yuan/AP. (Christian Science Monitor -- World)
China shares fall amid fears of credit reduction Aug 10, 2009
Real estate shares fell further on news reports that banks are making mortgage standards for second-home buyers ... 54 yuan, while rival Poly Real Estate Group waned 2. (OregonLive, OR -- Business)
China to keep credit flowing to buoy economy Aug 10, 2009
Wen's pledge of continued easy credit added to a string of government assurances to nervous investors that the flood of bank lending that fueled China's nascent economic rebound would continue despite concerns that it might be adding to dangerous speculation in stock and real estate. Analysts are concerned that stimulus-fueled speculation in stocks and real estate could cause a boom and bust in those markets ... Economists say an estimated 15 percent of that has flowed into stocks and real... (MSNBC -- Business)
China property prices pick up further in July: govt Aug 10, 2009
Prices of real estate in 70 major cities jumped by one percent year-on-year last month, the National Development and Reform Commission and the National Bureau of Statistics said in a statement ... Since October, the government has taken a series of measures, including tax breaks and preferential rates for first-home buyers, to avoid a crash in real estate, which accounts for more than 20 percent of urban fixed investments. (Sydney Morning Herald -- World)
Monetary policy to remain unchanged Aug 9, 2009
On the back of the unprecedented rise in credit, the Shanghai Composite Index has rallied about 80 percent this year and real estate prices have rebounded to record levels in some major cities. Some economists say much of the country's massive 586-billion-dollar stimulus package and record lending in the first half may not have been spent on real economic activities and created asset bubbles. (Xinhuanet, China)
China on offensive as US weighs tire import curb Aug 8, 2009
Friday, the US Trade Representative will hold a hearing on a US Steelworkers' proposal to cut imports in half. Last year, the US imported about 46 million tires from China. (Christian Science Monitor -- World)
Brazil oil giant, Petrobras, in corruption spotlight Aug 8, 2009
A congressional inquiry could taint not only the state-owned company but Brazil's president and the woman he hopes will succeed him. from the August 7, 2009 edition. (Christian Science Monitor -- World)
China shares fall on credit contraction fears Aug 7, 2009
Real estate shares fell after an announcement that the southern business center of Shenzhen will impose China's first property tax in an experiment that could be adopted nationwide ... 82 yuan, while rival Poly Real Estate Group, gave up 2. (OregonLive, OR -- Business)
From Crisis to Recovery: Frost & Sullivan Sees Opportunities in the Chinese Pump Market Aug 6, 2009
Furthermore, real estate investment accounts for approximately 22 percent of total fixed assets investment (FAI) and is used to drive a greater proportion of FAI growth. Despite real estate's contribution, the overall investment has declined since mid-2008 due to the weak property market and biased fiscal spending on infrastructure projects ... A thriving real estate market is still essential for China's medium-to-long term growth considering the fiscal stimulus will be exhausted in... (PR Newswire)
China snares NGOs with foreign funding Aug 5, 2009
With little help at home, nonprofits often rely on outside aid. But the government may be using tax, licensing laws to shut them down. (Christian Science Monitor -- World)
Goodman taps investors for cash Aug 5, 2009
Property investors are being tapped for another swag of cash, this time for close to $2 billion in the next 24 hours as real estate trusts look to shore up their balance sheets. As the reporting season kicks off, Goodman Group requested a trading halt this morning before revealing details of its planed $1. (Sydney Morning Herald -- Business)
Debating crowd far from farmers' reality Aug 4, 2009
The authorities in Chengdu, capital of Sichuan province, announced that Lao Zeng's village in southern Wuhou district would be acquired for real estate development. Housing prices in the area have been soaring with villas, supermarkets and stores flooding the landscape. (Xinhuanet, China)
* Three China Metal and Prince Housing executives indicted Aug 4, 2009
Wey has a neutral rating on Taiwans real estate and construction sector. Prince Housing fell 2 percent to NT$15 as of 10:27am in Taipei trading. (Taipei Times, Taiwan -- Sports)
Bank: China's economy to expand 8.5% this year Aug 2, 2009
In the latter half, investment would represent fast increase, boosted by development from infrastructure construction, real estate, and the industrial sector, said the report. China saw its economy growth slowed down amid the world financial crisis. (Xinhuanet, China)
Public housing in need Aug 2, 2009
On one hand, a vibrant real estate market is what the country needs to cushion the national economy against the worst global slump in many decades. Fueled by the unprecedented credit supply, the new housing boom has contributed to steering the country back on track. (Xinhuanet, China)
In brief: Goettsch Partners | Ventas | General Growth Aug 1, 2009
Health care real estate investment trust Ventas Inc. on Thursday said net operating income of its Sunrise Senior Living portfolio will fall 7% to 12% in 2009, compared to its previous forecast of a 10% to 20% decline. The primary reason for the improvement is cost cutting rather than increased revenue, yet Ventas isn't providing enough detail about the expense savings, according to a report issued Thursday night by REIT research firm Green Street Advisors Inc. "We are not as convinced as the... (Crain's Chicago Business)
More Medford students quarantined in China Aug 1, 2009
NEWSPAPERS IN EDUCATION. Friday, July 31, 2009 10:47 AM PDT. (Ontario Argus Observer, OR)
Graham takes 1Q hit; adds $3.4M order Aug 1, 2009
Graham takes 1Q hit; adds $3. 4M order - Business First of Buffalo. (Buffalo Business First, NY)
To be "new aristocrats" ? Get million-dollar first! Jul 30, 2009
They locked a larger portion of their personal wealth in real estate, the report says. (Source: China Daily). (Xinhuanet, China)
Finally, a Reality Dating Show for the Zaftig! Jul 30, 2009
In this corner, weighing in at an even three bills is Luke, a 26-year-old real estate investor hoping to meet a special young lady he can really connect with. Fox introduces each prospective connectee by flashing her vital statistics on screen. (Slate)
Stocks slip as new worries arise about pace of economic recovery Jul 30, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Liquidity crunch, loan limits stop stock market rally Jul 30, 2009
53 yuan, which equals to 43 times its price/earnings (P/E) ratio, was still over-valued, in comparison with the average valuation in the real estate and construction sectors, according to Qiu Bo, an analyst at Guosen Securities ... Vanke Real Estate Co, the country's largest property developer, shed 7 ... 2 yuan, while rival Poly Real Estate Group Co dropped 8. (Xinhuanet, China)
TimberWest announces intention to sell approximately 46,500 acres of select timberland assets on Vancouver Island Jul 29, 2009
The Company owns in fee simple approximately 322,000 hectares or 796,000 acres of private land and is in the business of selling timber products and real estate. SOURCE TimberWest Forest Corp.. (PR Newswire)
Payment terms shorten, but expect more pain Jul 29, 2009
The finance, insurance and real estate sector had the biggest improvement in terms, down four days to average of 54. 9 days in the June quarter. (Sydney Morning Herald -- Business)
China's GDP to grow around 9% in Q3: report Jul 28, 2009
"Credit expansion and revival in the real estate sector make us have a bright outlook for the economy," Wang said. Chinese banks lent a record 7. (Xinhuanet, China)
Business Highlights Jul 28, 2009
WASHINGTON (AP) New home sales rose last month at the fastest clip in more than eight years as buyers eagerly took advantage of bargain prices a clear sign, economists said, that the real estate market may finally be bouncing back. Historically low interest rates and a federal tax credit for first-time homeowners also helped push home sales to their highest level since November, the Commerce Department reported Monday. (ABC News -- Wire)
Demand for CBD space is still healthy: official Jul 27, 2009
According to real estate management and consulting firm Savills, the A-grade office vacancy rate in Beijing was 19. 4 percent in the first quarter, up 3. (Xinhuanet, China)
Financial Crisis Makes China SOEs Emerge Strong Jul 27, 2009
SOEs even extended to competitive sectors such as food and real estate industry. The private-owned diary giant Mengniu were acquired by state-owned COFCO Limited. (PR Newswire)
Sinochem has sights on Nufarm Jul 25, 2009
Sinochem is China's biggest integrated agricultural company with fertiliser, pesticide and seed products, and is also a large player in high-end commercial real estate and non-banking finance. Nufarm said there was no certainty any agreement would be reached, or that an offer would be put to Nufarm shareholders. (Sydney Morning Herald -- Business)
Chinese President Hu has called for efforts to stick to the government's proactive fiscal policy and moderately easy monetary policy to sustain the economic growth. Premier Wen urges adhering to proactive fiscal policy Jul 24, 2009
Urban infrastructure, including inter-city railways should be developed, and a healthy growth of the real estate industry should be promoted, said Wen. More government investment and bank loans should go to middle and western China, as well as to the agriculture sector, rural areas and farmers, Wen said. (Xinhuanet, China)
More private capital is needed Jul 24, 2009
Moreover, practical measures should be taken for encouraging people to invest in the real economy other than in the real estate industry and other capital markets. To this end, the government should take a series of steps to motivate people to start new businesses, thereby increasing the flow of non-governmental capital to the real economy. (Xinhuanet, China)
China bank lending: A bubble in the making? Jul 24, 2009
"Somewhere between a fifth and a third of total new lending may have ended up in such things as stock market speculation, real estate speculation and even a measurable amount may be showing up in the casinos in Macau," said Michael Pettis of Peking University. Real estate prices are on the rise and Shanghai's stock market is up about 70 percent this year. (CNN -- International)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the People's Republic of China Jul 23, 2009
China has been hit hard by the global economic crisis, a slowdown in the real estate market, and the overhang caused by excess capacity in various industries. Exports have fallen dramatically and growth is now at its lowest point in more than a decade. (IMF News)
Spiffy look, and outlook, for mall Jul 22, 2009
Feldman Mall Properties, the Long Island-based real estate investment trust that fell into heavy debt after undertaking the Colonie Center renovations, sold its remaining stake in the mall to its partner Heitman Value Partners in May. Chicago-based Heitman has enlisted another Chicago firm, Jones Lang LaSalle, to handle leasing at the mall. (Albany Times Union)
China State Seeks as Much as $7.3 Billion in Biggest IPO Since March 2008 Jul 21, 2009
Nationwide property sales jumped 53 percent last month from a year earlier by value, and investment in real estate development increased 9 ... Earnings will remain strong as Chinas economic growth picks up, said , a Shanghai-based analyst at Orient Securities Co. Their construction business is linked to the real estate sector, so investors are pretty positive on the fundamentals ... 3 million square meters of land reserves and plans to use them to expand in real estate development,... (Bloomberg -- Asia)
Banks warned over down payments Jul 20, 2009
BEIJING, July 20 -- Shanghai's banking regulator yesterday emphasized the importance of the 40 percent down-payment rule for second homes in a bid to prevent real estate speculation. Also over the weekend, the Shanghai Housing Guarantee and Administration Bureau said it has ordered real estate developers to register their sales plans with the local industry watchdog to prevent them holding the properties for higher profits ... In 2007, the authorities asked banks to take at least 40-percent down... (Xinhuanet, China)
Dairies try to survive persistent downturn Jul 19, 2009
Unable to submit Real Estate, Services, and Business Investements at this time ... A good year in 2007 and continued high real estate values are helping, Bledsoe said, but it may not be enough to help him and others keep going until the anticipated January recovery. (Hanford Sentinal, CA)
Canada Stocks Post Weekly Gain as Suncor, Teck Rise With Commodity Prices Jul 18, 2009
4 percent this week as a real estate group said Canadian sales of existing homes increased and Bank of Canada surveys showed businesses are the most optimistic about sales in almost a decade. Better-than-estimated earnings from Goldman Sachs Group Inc. and Intel Corp. also lifted the market this week. (Bloomberg -- Canada)
Let Mother Nature be your guide for summer entertaining Jul 17, 2009
NEWSPAPERS IN EDUCATION. Thursday, May 14, 2009 10:00 PM PDT. (Ontario Argus Observer, OR)
Dog wet nurse saves panda cubs in China Jul 17, 2009
Major real estate groups are pushing for a moratorium on new appraisal standards that they. Icy winter roads and vacation-clogged summer highways might seem the most dangerous for motorists, but. (San Francisco Chronicle -- Weird News)
Chinese-born engineer found guilty of economic espionage Jul 17, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
* Shin Kong Life to keep stake in TFCC Jul 17, 2009
The insurer set aside NT$40 billion for real estate investment, of which NT$35 billion remains following the purchase of two buildings in Neihu District () last year, he said. Shin Kong owns nine buildings in the district and plans to purchase more, he said. (Taipei Times, Taiwan -- Business)
China's economy grows 7.9 pct in stunning rebound Jul 16, 2009
Li described the impact of the package as "remarkable", but he also warned pitfalls lay ahead amid concerns of bubbles in real estate and other key sectors. "There are many difficulties and challenges existing in the current national economic performance. The base for recovery is still weak. The momentum for picking up is unstable," he said. (Sydney Morning Herald -- World)
Beijing's office building suffers rising vacancy rate Jul 16, 2009
8 percent, according to the report released by Savills, a real estate services in China ... CB Richard China, a commercial real estate services in China, said in a report released on July 7 that a fresh supply of office space also led to the high vacancy rate. (Xinhuanet, China)
Asian investors eye Australian property Jul 16, 2009
There is a fair bit of movement, with wealthy Chinese having their children study in Australia, said John Bongiorno, director for real estate agent Marshall White based in Victoria. The company is considering opening an office in Shanghai or Beijing to attract more buyers. (The Star Online, Malaysia -- Business)
Beijing's villa sales down sharply in June Jul 16, 2009
cn, one of China's leading real estate portal websites, which filed the figure ... Such drop in sales is mainly attributed to the developers' efforts to scale back the number of new villas offered for sale following three months' continuous growth, said experts on a real estate forum in Beijing ... The website's statistics showed the supply of high-end real estate projects declined in the first five months, with areas of finished projects down 5. (Xinhuanet, China)
China's foreign reserves rise to $2.13 trillion Jul 15, 2009
13 trillion at the end of June despite a trade slump, data showed Wednesday, and analysts said that suggested the flow of foreign money into stocks and real estate was rising ... The latest upturn, which came despite declines in June trade and foreign direct investment, suggested more speculative "hot money," some of it brought back from abroad by Chinese investors, was flowing into stocks and real estate, analysts said. (Atlanta Journal-Constitution -- Business)
Attorneys decision bars Bisbee from hiring counsel Jul 15, 2009
However, City Manager Steve Pauken said after Tuesday s special council meeting that Frey refused the position, due to a slow and less lucrative real estate market. The value of his property in Scottsdale had dropped, and he did not want to take the loss at this time. (Sierra Vista Herald, AZ)
Chinese culture set to get satellite airing in Europe Jul 14, 2009
Ye Maoxi, 50, president of Beijing-based private enterprise Xiking Group - which engages in advertising, cultural promotions, printing, manufacturing and real estate - acquired Leeds-based Propeller TV last month. Propeller, which was launched in February 2006 on British Sky Broadcasting's satellite platform, was the first digital satellite television channel in Europe to screen new and original programming, a statement on Xiking's website said. (Xinhuanet, China)
Current Account Deficit Narrows Amid Declines in Price of Oil Jul 14, 2009
Albania was one of the countries in the world with economic growth and real estate appreciation in 2008. The Prime Minister, Sali Berisha was formerly a succesfull cardiologist who lead Albanian students including myself in a final push against the dying c.. (Yahoo News -- U.S. Budget)
President backed Rio Tinto probe Jul 13, 2009
Mr Bowen said:"If foreign businesses feel that the degree of uncertainty is high, it will change the way that foreign businesses around the world approach business in China. "The Chinese Government will be very aware that it is not good for business certainty if there's a regular pattern of foreign business people being incarcerated," Mr Bowen told the Ten Network. The Opposition continued to call for the Government to be more interventionist. Shadow foreign minister Julie Bishop told the ABC:... (Sydney Morning Herald -- Business)