Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
USA: Reg CF Comes Alive: And With It, Opportunity for Small Real Estate Developers
"Title III of the JOBS Act, aka “Regulation Crowdfunding,” is now here. Enacted on May 16th, the rules make equity crowdfunding a reality for both accredited and non-accredited investors looking to invest in small businesses and buildings. Yet before the rules have even had a chance to be fully tested in the marketplace, some have been quick to dismiss them. Hand-wringers have said Title III costs too much to be successful. Others have said that the $1 million/yea...
Read more.Lebanon: New $20 million mall project in Lebanon
"The design of a new mall in the Kaslik area is in its advanced stages. The mall will be managed by Shopping Mall Advisory Group (SMAG). The mall is owned by the Abi Nasr family, who will be investing more than $20 million. “The project is in a prime location and will have high-end finishing and positioning. It will set the bar in the retail industry in the area, in terms of parking space availability, climate control, and lifestyle environment,” said Rony Aoun, CE...
Read more.Australia: Townhouse DA highlights gap in the market
" The developer behind a new townhouse complex in Coombs hopes it will help address a shortage of the housing type in Canberra. A development application for the 50-unit project was lodged with the ACT Planning and Land Authority last week and developer John Susa said it has been designed to cater to a gap in the market." Read more on: ...
Read more.Australia: Adelaide apartment tower sets new height record
" Adelaide’s tallest residential tower swung open its glass front doors this weekend, welcoming occupants to the 28-storey Vue on King William. Standing 85 metres high, the statuesque building will be home to about 400 residents. It is a joint venture of Starfish Developments and Asian Pacific Group." Read more on: www.dom...
Read more.UAE: Dubai ruler endorses EC3 project for EXPO 2020
The Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, also the Vice-President and Prime Minister of UAE, has endorsed the design of the Roads & Transport Authority's (RTA) 223 million dirhams ($60.71 million) Enterprise Command & Control Centre (EC3) for EXPO 2020, according to a press statement issued by the RTA. Read more on: www.zawya.com ...
Read more.UAE: Developer SuperCasa to debut RAK five-star hotel
"Developer SuperCasa is set to launch its first five-star hotel on a 75,000ft2 plot on Al Marjan Island in Ras Al Khaimah. The property will have 320 beach-facing rooms, two fine dining restaurants, two casual dining restaurants, a pool, spa and gym facilities. Construction is scheduled to start in the fourth quarter of 2016, to be operational by the beginning of 2019. The operator has not been announced yet." Read more on: ...
Read more.USA: GFH to buy $65m real estate assets in the US
"DUBAI -- GFH Financial Group would like to inform its shareholders and the markets that its Dubai-based subsidiary GFH Capital Limited (GCL) has signed an agreement to acquire a portfolio of industrial real estate located in the United States for an approximate value of $65 million. The portfolio comprises of several distribution, warehousing and industrial properties spread across various states in the Midwest region of the United States. The portfolio is expected to p...
Read more.UK: Cost of renting one-bed property soars in UK
"The cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages. The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% of the take-home pay of a worker aged under 30, data from property firm Countrywide showed." Read more on: ...
Read more.USA: Non-traditional lenders warn developers and real estate investors of looming recession
"During the first day of the Urban Land Institute 2016 Florida Summit, a panel of non-traditional lenders and private equity representatives painted a gloomy outlook for developers and property owners looking for financing in the capital markets. “Generally, people in private equity are talking about a recession in the coming year,” said Greg Vogel, CEO of Arizona-based Land Advisors Organization. “We will see a tightening of the markets as investors seek to lessen...
Read more.UK: 8 fun facts about the Queen’s property empire
"Today is the public holiday which celebrates the Queen’s birthday, and while our sovereign may be just a face on a coin to you, she’s also quite a shrewd property investor. Elizabeth Alexandra Mary was actually born on April 21, 1926, but as that’s not summer time in the UK she gets two celebrations." Read more on: www.realestate.com....
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