According to Anuj Puri, Chairman & Country Head of Jones Lang LaSalle India, despite the continuing turbulence and uncertainty in other parts of the globe, two economies – India and China – will continue to grow at an annual rate of 8-10%. In fact, by 2020 India will become the 3rd largest economy after China [...]
Based on a new Miami Market Report released this week by Douglas Elliman Florida, South Florida’s largest housing market enjoyed a significant increase in sales in the first quarter of 2011. According to a recent on-air CNBC interview, Starwood Capital CEO Barry Sternlicht stated, “The Miami housing market is on fire; driven mainly from foreign [...]
According to the Miami Association of Realtors, Broward County condominium sales increased 25 percent from 1,474 in March 2010 to 1,837 in March of this year. Single-family home sales increased by eight percent in March, from 1,080 to 1,169. Cash transactions represented 68.6 percent all closed residential sales in March. International sales, most of which [...]
According to the Mortgage Bankers Association’s (MBA) 4th Quarter 2010 Mortgage Bankers Performance Report released this week, independent mortgage banks and subsidiaries made an average profit of $1,082 on each loan they originated in the fourth quarter of 2010, down from $1,423 per loan in the third quarter of 2010. This decline was driven by [...]
The spectacular 1,614-room JW Marriott Marquis Hotel Dubai is set to become one of the region’s most desirable destinations, offering a spectrum of business facilities for discerning travelers. Opening in 2012, its first 807 rooms will soar above Dubai’s business district, on Sheikh Zayed Road, and will reside in the city’s Business Bay area. Read [...]
(MIAMI, FL) — Rilea Group’s 1450 Brickell Avenue, a class A office building in Miami’s Brickell Financial District, has finalized leases with law firm Berger Singerman, Andorra-based wealth management advisor Mora Wealth Management, financial services provider Key Consulting Services, LLC, and Italy-based advertising firm Armani & Associati. The new leases account for 34,566 square feet [...]
One of the largest retail and entertainment property deals of the year has closed in the New York City metropolitan area. Cleveland, OH-based Forest City Enterprises, Inc. Read full post…