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Commercial Real Estate, Real Estate, Real Estate Investing, US Real Estate

PS Business Parks Purchase $520 Million Warehouse Portfolio

By Mike Wheatley | December 21, 2011
RREEF Real Estate, the real estate management arm of Deutsche Bank, has agreed to a huge $520 million deal to sell a portfolio of offices and warehouses in San Francisco Bay. The company sold the buildings to Glendale, California-based PS Business Parks Inc., according to statement made by Deutsche Bank yesterday, reported in Business Week. As […]
Mortgage, Real Estate, Residential, US Real Estate

Federal Housing Finance Agency To Sue Big Banks Over Toxic Mortgages

By Donna S. Robinson | September 3, 2011
The New York Times is reporting that the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is planning to sue more than a dozen big banks for misrepresenting the quality of mortgages that were sold at the height of the housing boom. The suit alleges that the banks who packaged and sold […]
Real Estate, US Real Estate, World Real Estate

Mubarak's legacy lingers over Egyptian property market

By Allison Halliday | June 8, 2011
Real estate developers in Egypt who profited from their associations with the former president are now receiving their comeuppance, and the caretaker government is trying to settle disputes about land bought cheaply through the old regime. Talaat Moustafa Group (TMGH) is one of the largest publicly traded builders by assets, and has already been defeated […]
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