property
New York (AFP) - A bankrupt New York property developer was indicted on Wednesday for stealing more than $86 million from investors through an elaborate series of schemes dating back to 2015, authorities said. Nir Meir was arrested in the southeastern state of Florida on Monday on a New York state warrant, the Miami-Dade police department confirmed to AFP. Meir, 49, and his accomplices allegedly stole the money from investors, contractors and city authorities, New York prosecutors said. "These indictments depict allegations of widespread fraud within the real estate industry primarily spearhea...
AFP
Los Angeles (AFP) - Do you secretly dream of being Walter White, the chemistry teacher-turned-druglord from "Breaking Bad"? Now's your chance to own a luxury California home complete with meth lab -- for sale at $1.55 million. The six-bedroom house in tony San Jose offers a "great location" with easy access to the freeway, according to a realtor's listing, which notes it affords more than 2,700 square feet (250 square meters) of living space. That might appeal to anyone needing an easy commute into Silicon Valley, with Apple's Cupertino campus just 20 minutes' drive, and Google's Mountain View...
AFP
New York (AFP) - Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure. Evergrande, once China's top property developer, was found in 2021 to be struggling with more than $300 billion in liabilities, as it came under intense pressure after officials tightened scrutiny of the real estate industry. The company's woes have come to symbolize the growing crisis in China's sprawling property sector, which accounts for a huge portion of the world...
AFP
Beijing (AFP) - China's troubled property sector suffered another blow this month when frustrated homebuyers stopped making mortgage payments on units in unfinished projects. The boycott came with many developers struggling to manage mountains of debt, and fears swirling that the crisis could spread to the rest of the Chinese -- and global -- economy. How big is China's property sector? Colossal. Property and related industries are estimated to contribute as much as a quarter of China's Gross Domestic Product (GDP). The sector took off after market reforms in 1998. There was a breathtaking con...
AFP
Los Angeles (AFP) - Los Angeles county officials have approved a plan to return California beachfront property to the descendants of a Black family who had the land seized from them a century ago, in a move hailed as a step towards atoning for racial injustice. The Los Angeles County Board of Supervisors voted Tuesday to transfer ownership of a piece of land in the city of Manhattan Beach to the great-grandsons of Charles and Willa Bruce, who had operated a resort for Black residents there until it was taken away from them in the 1920s in what the board called "an act of racism." "We can't cha...
AFP
Beverly Hills (United States) (AFP) - It's a dispute that plays out in towns the world over: a new property owner wants to alter a much-loved landmark against the wishes of locals. It's his money. It's their community. So far, so familiar. But this is Beverly Hills, where the perfectly manicured mansions of celebrities and socialites populate one of the world's most desirable zip codes. Oh, and the property in question is worth $40 million. "It is extremely beautiful," said preservationist Alison Martino, who grew up four blocks away from the North Roxbury Drive house bought in 2020 by Eric Ba...
AFP
Beijing (AFP) - A US private equity firm has abandoned a planned $3 billion purchase of Chinese property developer Soho China, with antitrust authorities yet to approve the deal. Blackstone had hoped to expand its presence in the country through acquisition of Soho China, which holds prime real estate in cities like Beijing. But its offer had been conditional upon clearance from China's competition authorities, and the parties concluded that the pre-conditions would not be satisfied within a designated time frame, according to a filing to the Hong Kong exchange dated Friday. Both sides have no...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら