The value of UK commercial real estate debt in default or in breach of key lending agreements more than doubled to about £30bn in the first six months of the year, adding pressure on the banking sector, a survey has revealed.Banks have also extended
Lloyds Banking Group said on Friday that it had agreed in principle to sell its loss-making Halifax Estate Agencies arm to LSL Property Services for £1.The disposal will lead to Lloyds shutting the 121 Halifax banking counters currently located insi
Chinese insurance companies will be allowed to invest directly in commercial real estate for the first time under new regulations that are set to trigger a huge influx of cash into the country’s high-end property market.New regulations allowing insu
Home prices in overcrowded Hong Kong have traditionally been high, but when it comes to having the most expensive residential properties in the world, the Chinese metropolis has never seriously challenged cities like New York, London and Tokyo. Un
ENGLEWOOD, N.J. - An estate in northern New Jersey owned by the Libyan government that was at the center of a legal battle last month has been vandalized. Englewood Mayor Michael Wildes says flammable debris was left on the driveway of the sprawling
LOS ANGELES - The estate of fantasy writer J.R.R Tolkien has reached a settlement with the studio behind the Lord of the Rings movies after alleging it had not received even one penny of royalties from the trilogy of money-spinning films, offic
John Costas and Mike Hutchins, former star bankers at UBS, will focus on opportunities in the real estate market as part of their investment strategy for their new boutique start-up, PrinceRidge.The pair, whose departure from UBS two years ago was p
The worst of the housing bust might finally be over, but another real estate tsunami is about to swamp many American cities. This time, it will be office buildings and retail space going vacant and facing foreclosure. Like housing, commercial real e
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