China Property Woes Deepen With Vanke Slump, Country Garden Halt
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
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One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said.
Apr 18, 2018
The Canadian Press
VICTORIA - British Columbia's government is investing $1.9 billion over the next 10 years to help build 14,000 affordable homes for renters.
Premier John Horgan says fixing the housing crisis in the province isn't just about ownership, but making sure that those who rent can find and afford homes where they can have a future.
The new rental homes will be built through partnerships with municipalities, non-profit group and housing co-operatives.
Housing Minister Selina Robinson says people are struggling because of the housing crisis and the fund will help give people a place to call their own.
Each project built under the fund must provide at least 30 per cent of the units for those with moderate incomes, 20 per cent for low incomes and half of the homes must be for a mixture of low- to moderate-income households.
The government says the projects will be prioritzed based on the impact they would have in reducing the communities affordable rental housing needs.