Real Estate

World's tallest tower in UAE closes

Tue, 09 Feb 2010 22:42:00 +0000

The world's tallest skyscraper in Dubai has unexpectedly closed to the public a month after its lavish opening, the tower's owner said.

Foreclosures May Rise to Record 3 Million U.S. Homes This Year

Thu, 14 Jan 2010 19:20:00 +0000

A record 3 million U.S. homes will be repossessed by lenders this year as high unemployment and depressed home values leave borrowers unable to make their house payment or sell, according to a RealtyTrac Inc. forecast.

Dubai to open world's tallest building

Mon, 04 Jan 2010 19:01:00 +0000

The world's tallest building is set to be opened in the Gulf emirate of Dubai. More than 800m (2,625ft) high and clad in 26,000 glass panels, Burj Dubai has 160 floors and more than 500,000 sq m of space for offices and apartments.

Bernanke Says Regulation Came ‘Too Late’ to Curb Housing Bubble

Mon, 04 Jan 2010 19:01:00 +0000

Federal Reserve Chairman Ben S. Bernanke said low central bank interest rates didn’t cause the housing bubble of the past decade and that better regulation would have been more effective in curbing the boom.

World Habitat Day 2009: Planning our urban future

Mon, 05 Oct 2009 16:00:00 +0000

The United Nations has designated the first Monday of October every year as World Habitat Day. The idea is to reflect on the state of our towns and cities and the basic right of all to adequate shelter. It is also intended to remind the world of its collective responsibility for the future of the human habitat.

U.S. mortgage fraud 'rampant' and growing-FBI

Wed, 08 Jul 2009 19:00:00 +0000

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.

Outrigger Laguna Phuket Resort and Villas to Open in the Fourth Quarter of 2009

Fri, 05 Jun 2009 12:31:00 +0000

Outrigger Enterprises Group announced today that it has been selected to manage a new luxury collection of residences, villas, town homes and apartments being developed by Laguna Resorts & Hotels Public Company Limited in Laguna Phuket, located on Bang Tao Bay on the northwestern coast of Phuket, Thailand.

General Growth Properties Files for Bankruptcy

Thu, 16 Apr 2009 13:44:00 +0000

General Growth Properties, one of the largest mall operators in the nation, filed for bankruptcy early Thursday morning in one of the biggest commercial real estate collapses in U.S. history.

Downtown Seattle Association plans to woo Russell

Sat, 04 Apr 2009 08:32:00 +0000

In a move that appears to ratchet up competition between Seattle and Tacoma, the Downtown Seattle Association plans to make a pitch to Russell Investments to relocate to Seattle.

Downtown Seattle office rents dive

Thu, 02 Apr 2009 08:51:00 +0000

Office rents in downtown Seattle slid sharply in the first quarter amid growing vacancies.

Hugh Hefner's home next to Playboy mansion for sale for $27,995,000

Sun, 29 Mar 2009 16:41:00 +0000

OK, no more proverbial pressing your nose up against the gates hoping to catch a glimpse of what goes on at the Playboy mansion. Now you can live right next door and spy from the comforts of your own home.

Best Western to Open a Resort in Pranburi, Thailand

Fri, 27 Mar 2009 12:42:00 +0000

Best Western International has announced the December 2009 opening of a new built modern-contemporary style resort on the Gulf Coast of Thailand, just beyond the boundary of one of Thailand’s most spectacular national parks, Sam Roi Yod.

Windmill Architect buoyed by good first quarter

Fri, 27 Mar 2009 12:42:00 +0000

Demand for the construction of luxury residences priced between Bt20 million and Bt50 million has continued to grow, driving home-builder Windmill Architect's new contracts in the first quarter above its target of Bt170 million for the period.

Commercial Tenant Set for Rebuilt Trade Center

Thu, 26 Mar 2009 18:50:00 +0000

It took three years of stop-and-start negotiations, but a Chinese real estate company is finally signing a lease for space in a 102-story skyscraper under construction at ground zero, becoming the first commercial tenant for the rebuilt World Trade Center.

New York Times sells headquarters in leaseback deal

Tue, 10 Mar 2009 08:18:00 +0000

The New York Times has sold its landmark headquarters for 225 million dollars in a deal that will see it leaseback the office space for a starting rent of 24 million dollars a year, The New York Times Company announced Monday.

New York Times Sells Building Stake for $225 Million

Tue, 10 Mar 2009 05:52:00 +0000

The New York Times Co. agreed to sell the space it occupies in its Manhattan headquarters for $225 million to pay debt as print advertising revenue declines.

House of 1000 windows

Thu, 05 Mar 2009 08:12:00 +0000

A new office block being built in China is believed to have the most windows of any building of its size in the world.

Advertise on NYTimes.com New York Tenants Could Benefit From Foreclosure

Wed, 04 Mar 2009 07:09:00 +0000

These might seem like the worst of times for large-scale housing complexes like Riverton Houses, Stuyvesant Town and Savoy Park. Their owners, all of whom bought the buildings at the top of the market, are in rough shape, stumbling under the weight of oversize debts and teetering at the edge of foreclosure.

New York Unemployed Renters Can Exit Archstone Leases

Wed, 04 Mar 2009 07:09:00 +0000

New Yorkers who lose their jobs can walk away from their Archstone-Smith Trust apartment leases if they live in one of the company’s metropolitan-area buildings.

Expert: No big crash expected for Seattle housing market

Sat, 28 Feb 2009 08:25:00 +0000

The chief economist for the National Association of Realtors said there will likely be some recovery in the housing market in late 2009 but questioned whether it will be maintained going into 2010.