United States

Housing Market

Hong Kong property investors go trophy hunting in London despite Brexit


LONDON Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony.

Big city biotechs decamp for suburbs as property costs rise

NEW YORK The biotech industry is facing high rents and tight lab space in Boston, New York and San Francisco, forcing companies into the suburbs in a sign the "live, work and play" movement into big cities may have hit a roadblock.

Aug 18 2017

China issues guidelines for overseas M&As, pushes Belt and Road deals

BEIJING China's cabinet on Friday issued guidelines to regulate overseas investment as Beijing looks to support capable firms investing overseas while limiting deals in property, hotels, entertainment, sports clubs, and the film industry.

Aug 18 2017

China's new home price growth cools in July: statistics bureau

BEIJING China's home price growth slowed in July, with Beijing declining for a second straight month, reinforcing expectations that property price growth may stagnate over the course of the year.

Aug 18 2017

China approves $24.8 billion worth of fixed-asset investment projects in July

BEIJING China approved 165.5 billion yuan ($24.80 billion) worth of fixed-asset investment projects in July, the country's top economic planner said on Friday in a regular briefing.

Aug 17 2017

LaSalle sets $1 billion target for pan-Asia real estate fund

NEW YORK LaSalle Investment Management Inc has set a new capital-raising target of $1 billion for the fifth of its pan-Asia opportunistic real estate funds, one of which is expected to significantly outperform a target annual return of 18 percent, the unit of Jones Lang LaSalle Inc said on Wednesday.

Aug 16 2017

Developers must build low-cost homes or publish finances: London mayor

LONDON (Thomson Reuters Foundation) - Developers who fall short of requirements to build low-cost homes will be forced to make financial records public to show why they cannot build more, under plans by announced by the mayor of London on Wednesday.

Aug 16 2017

U.S. home refinancing applications rise to a near two-month high: MBA

NEW YORK U.S. applications for home refinancing climbed to their highest level in nearly two months last week with their share of total housing loan requests reaching the biggest since February, as home borrowing costs fell, the Mortgage Bankers Association said on Wednesday.

Aug 16 2017

U.S. housing starts fall as multi-family construction slumps

WASHINGTON U.S. homebuilding unexpectedly fell in July as the construction of multi-family houses tumbled to a 10-month low, but strong job growth is expected to continue to support the housing market recovery.

Aug 16 2017

Kushner Cos faces lawsuit claiming rent overcharging in New York

Residents of a building owned by the Kushner Cos on Tuesday sued the real estate company belonging to the family of President Donald Trump's son-in-law Jared Kushner, alleging the it overcharged them for rent in violation of New York law.

Aug 15 2017