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Harare Considers Adopting South African Rand

CRE Worldwide Posted on July 1, 2016 by Ramin SeddiqJuly 1, 2016

Zimbabwe is considering the adoption of the South African Rand (ZAR) as its main transaction currency to replace the U.S. dollar in the country’s multi-currency system, according to Forbes. Zimbabwe has been primarily a U.S. dollar-based economy since 2008 when … Continue reading →

Posted in International CRE | Tagged Africa, Economy, Government, Investments, Lending

UOB Suspends London Loan Program

CRE Worldwide Posted on June 30, 2016 by Ramin SeddiqJune 30, 2016

Singapore’s United Overseas Bank Limited (UOB) has suspended lending for London properties amid uncertainty resulting from the Brexit decision, according to the BBC. Both property value depreciation risk and foreign exchange risk are at play as the UK works its … Continue reading →

Posted in International CRE | Tagged Economy, Europe, Lending, UK

Costco Switches to Visa

CRE Worldwide Posted on June 18, 2016 by Ramin SeddiqJune 18, 2016

Starting June 20, Costco will no longer accept American Express cards or its co-branded cards. Visa will take its place as the only accepted credit card at the wholesale As it increases moisture levels of skin it helps in dry … Continue reading →

Posted in US CRE | Tagged Lending, Retail

China’s Economy – Q3-2015

CRE Worldwide Posted on October 29, 2015 by Ramin SeddiqOctober 29, 2015

Profits at Chinese industrial companies dropped by 8.8 percent in August from a year earlier, according to The Wall Street Journal. This drop represents the biggest monthly decline Shilajit is basically a rejuvenation herb which has been used in natural … Continue reading →

Posted in International CRE | Tagged Asia, China, Economy, Lending

Manhattan’s Largest Apartment Complex to Sell for $5.3 Billion

CRE Worldwide Posted on October 20, 2015 by Ramin SeddiqOctober 20, 2015

CW Capital will sell the 11,232-unit, 80-acre Stuyvesant Town-Peter Cooper Village to The Blackstone Group for $5.3 billion, according to The New York Times. The buyer has agreed to set aside 4,500 apartments for middle-income families and an additional 500 … Continue reading →

Posted in US CRE | Tagged Government, Housing Market, Investments, Lending, New York, RE Sales

Reduced Average Borrowing Costs for Chinese Property Developers

CRE Worldwide Posted on August 21, 2015 by Ramin SeddiqAugust 21, 2015

Average weighted financing costs for China Vanke, one of China’s largest developers, dropped from 7.3 percent at the end of 2014 to 6.3 percent in the first half of 2015. Midsize developer Country Garden’s average financing costs also Ultimately erectile … Continue reading →

Posted in International CRE | Tagged Asia, China, Development, Economy, Investments, Lending

Sharp Rise in Supply of Finance to UK Property Companies

CRE Worldwide Posted on May 23, 2015 by Ramin SeddiqMay 23, 2015

Lending to UK property companies increased by 50 per cent in 2014 to £45 billion – the highest amount of new financing since 2008, according to Financial Times (citing research It super generic cialis is worth preventing something than curing … Continue reading →

Posted in International CRE | Tagged Economy, Lending, UK

Citigroup and Zillow Enter into Digital Marketing Alliance

CRE Worldwide Posted on February 11, 2015 by Ramin SeddiqFebruary 11, 2015

Citigroup Inc. has entered into a digital marketing alliance with Seattle-based online real estate database company Zillow, Inc. Under the agreement, Citi has an increased presence on Zillow and its related products, including advertising and special mortgage features such as … Continue reading →

Posted in US CRE | Tagged Housing Market, Lending, Technology

S&P to Pay $80 Million to Settle CMBS-related Claims

CRE Worldwide Posted on January 21, 2015 by Ramin SeddiqJanuary 21, 2015

Standard & Poor’s (S&P) will pay $20 million and suspend part of its CMBS business as part of a settlement with New York and Massachusetts over claims that the financial research and analysis company relaxed standards for calculating the debt-service … Continue reading →

Posted in US CRE | Tagged Government, Legal, Lending, Pricing

Congress Adjourns Before Passing TRIA Reauthorization

CRE Worldwide Posted on December 26, 2014 by Ramin SeddiqDecember 26, 2014

Congress adjourned for the 2014 without passing an extension of the Terrorism Risk Insurance Act (TRIA reauthorization). Risk insurance is required for many existing commercial mortgage loans. Notes with coverage that will lapse on Dec. It order generic levitra view … Continue reading →

Posted in US CRE | Tagged Government, Legal, Lending, RE Sales

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