Chinese entrepreneur Wang Jing has unveiled the route for a 170-mile, $40 billion canal in Nicaragua.
The American Institute of Architects has scaled back its construction forecasts for the U.S. after conducting its semi-annual poll of construction forecasters. The group now predicts that overall non-residential construction spending will increase 2.3 percent in 2013.
Hard Rock International, the iconic music-inspired brand, will open its first hotel in Europe in May 2014 on the island of Ibiza. Working with the European developer Palladium Hotel Group, two former Fiesta Hotels will be remodeled and united into The Hard Rock Hotel Ibiza.
It seems that listing one New York penthouse at a time isn't enough for actress and comedian Rosie O'Donnell. So now she is selling two.
The legal woes of Picasso-loving billionaire Steven Cohen and his hedge fund SAC Capital Advisors could send ripple effects through the hallowed halls of the Northeast's toniest real estate markets.
Commercial and multifamily mortgage origination volumes jumped in the U.S. in the second quarter, primarily due to interest in apartment projects, according to data released today by the Mortgage Bankers Association.
In a move to resolve lingering disputes over unbuilt projects, the Dubai government is setting up a special legal committee to liquidate cancelled developments and settle disputes. Hundreds of projects were proposed and marketed in Dubai but never built.
The number of completed foreclosures in the U.S. decreased 20 percent in June from the same time last year, according to the latest data from CoreLogic. The data also showed positive signs for the foreclosure inventory in the U.S. In June.
The price of luxury homes in Jakarta increased 27.2 percent during the second quarter from a year ago, topping the rankings of Knight Frank's Global Cities Index for the third consecutive quarter.
Home prices in the 20 cities tracked by the S&P Case-Shiller Home Index increased by 12.2 percent in May from a year earlier, the biggest year-over-year gain since March 2006. All 20 cities posted annual gains as well as increases from April.
In the latest example of Chinese capital heading overseas, Shanghai-based Greenland Holdings Group has purchased a $1 billion stake in a downtown Los Angeles project. The California State Teacher's Retirement System sold the stake in the Metropolis development.
An investment group from Argentina operating under the name 418 Meridian LLC has purchased the former Plaza Hotel on South Beach for $5.5 million.
A Chinese developer plans to bring London's Victorian-era Crystal Palace back to life with an exact replica of the 80,000-square-meter, cast iron and glass building. The original Crystal Palace was designed by Joseph Paxton to house the Exhibition of 1851.
There are no signs of a slowdown in London's prime central residential market. Prices inched up another 0.5 percent in July and are now 4.2 percent higher than at the beginning of the year, according to the latest Knight Frank report.
Pending home sales in the U.S. decreased in June, after reaching a six-year-high in May, according to the National Association of Realtors. The Pending Home Sales Index, based on contract signings and not closings, slipped 0.4 percent to 110.0 in June.
Hotel development in the Bahamas has restarted quicker than other Caribbean islands.
Desarrolladora Homex, Mexico's largest homebuilder, recorded a 10.1 billion peso ($796 million) loss for the second quarter, as sales plummeted and the company took a 5.3 billion loss on land and construction projects.
Central office rents in Hong Kong decreased by 1.7 percent during the second quarter of 2013, marking the eighth consecutive quarter of decreases for the market, according to new data from Savills.
I am getting ready to close on a house I purchased. We had a closing date set for next week. I just found out today that we can't close because the current owners have a lien on the property. Shouldn't they have known about this before we set a closing date?