Suits in Shale Play May Set Precedent On Eminent Domain
A case that the Arkansas Supreme Court will likely hear could determine whether companies installing pipelines for transporting gas from the Fayetteville Shale Play have the power of eminent domain. More »
Movers & Shakers for Nov. 3, 2008
A look at the movers and shakers of Arkansas business for the week of Nov. 3, 2008. More »
Fayetteville Apartments Get Upscale Renovation
Fayetteville developer Greg House and his partners are sinking $6.4 million into refurbishing every unit "from the Sheetrock out" of the apartments formerly known as College Park and more recently as Garden Park Apartments. More »
Real Estate Slowdown Spurs Title Firms' Belt-Tightening
Title companies in northwest Arkansas are feeling the pain of the real estate slowdown more sharply than firms in other areas of the state More »
Gas Station Site Makes for a Transaction of Convenience (Real Deals)
A look at important real estate transactions in Arkansas for the week of Nov. 3, 2008. More »
Little Rock's 'Hot' Market Cools Down
Third-quarter numbers from construction companies show that despite what Southern Business & Development magazine says, Little Rock may be cooling down from its "hot" market. More »
Riverdale Condos Continue To Develop
Condo projects in Little Rock's Riverdale neighborhood still in motion. More »
Azizi Platine unveiled on Palm Jebel Ali
Dubai-based property developer Azizi Investments has unveiled its latest approved building design, the Azizi Platine, located on Palm Jebel Ali. Located on Palm Jebel Ali Crescent A, Azizi Platine is a 25 storey high podium tower development that will include high end oceanfront residential apartments. The tower will offer a range of floor plans ranging from one to four bedroom apartments. More »
Barwa to launch flagship project
The Barwa Real Estate company is set to launch its biggest development project in Qatar, to be built in Al Khor city, reported The Peninsula. The flagship project, named 'Urjuan', is being launched by Barwa Al Khor, a subsidiary of Barwa Real Estate company. It will include high-quality residential units, commercial complexes, schools and other facilities set in the historic city of Al Khor. The launch is scheduled for the first week of November. Barwa Al Khor will handle the development, management and marketing of the project. More »
Real estate exhibition centre set for Dubai
24 Group, an outdoor media specialist and exhibition stand builder, is establishing a permanent exhibition center where real estate players in the UAE and the Middle East can showcase their projects year-round. The first permanent property and mortgage exhibition in the UAE is dubbed the Property Outlet and will be located at the shopping mall of Crowne Plaza Towers in Dubai. Supported by the Real Estate Regulatory Agency (RERA) and managed by 24 Group, the Property Outlet introduces a new concept in real estate exhibition in the UAE by creating a permanent display center which puts together property developers, brokers, banks and private finance institutions under one roof, according to a press statement. More »
Deltic Timber Reports Earnings Up 19 Cents a Share, Profit Increase
Deltic Timber Corp. of El Dorado on Wednesday announced an earnings-per-share increase of 19 cents for the third quarter, from 2 cents to 21 cents, and net income of $2.5 million, compared with $245,000 for third-quarter 2007. More »
Study: Majority of Residents Rate Northwest Arkansas as 'Excellent' Place to Live
A quality of life assessment released Wednesday finds that the majority of northwest Arkansas residents rate the region as an "excellent" place to live. More »
Masdar to welcome first residents in 2009
Abu Dhabi's groundbreaking environmental project, Masdar City, is scheduled to welcome its first residents by the end of 2009 according to Khaled Awad, director of property development. The residents will be students at the new Institute of Science and Technology. The project's solar power plant will be operational in March 2009. More »
Dubai eco-building law due in January 2009
Adi Zuhair Afaneh, senior environmental planner, Planning Department, Dubai Municipality, reiterated to delegates at the MEED Green Building conference held in Dubai that the Municipality is due to finalise regulations concerning green building practices in the emirate by January 2009. DEWA is helping to finalise the tier-based system. More »
Green standards 'deficient'
Keith Clarke, CEO of global firm WS Atkins, told delegates at the MEED Green Buildings conference in Dubai that current international green measuring standards such as LEED and BREEAM are deficient in terms of correctly measuring carbon reduction in projects. Clarke also said that despite current financial conditions companies should continue to fund sustainability initiatives. More »
Mayadeen unveils $436m project in Abu Dhabi
National Ranges Company (Mayadeen), a Kuwaiti shareholding property development firm, has launched Aurora, its Dhs1.6bn ($436m) project in Abu Dhabi, and opened it for sales. Located in Shams on Al Reem Island, the project includes the construction of two residential towers, which will be 53 stories each and stand 208 metres high. The towers will feature 960 apartments, ranging from one bedroom to four bedroom penthouses and duplex rooms. The project also includes the construction of a 14-storey commercial tower, which will offer 112,000 square feet of commercial space. More »
Eco Towers launched in Abu Dhabi
Abu Dhabi-based developer Connection Real Estate has launched a Dhs1bn ($272m) mixed-use environmentally-friendly project in the capital - Eco Towers - comprising luxury apartments and commercial property, reported Gulf News. Levelling work on the two plots where the project is to be built will start within the next four weeks. The gross floor area of the two plots is 787,000 square feet and it's located on the Airport Road. More »
Limitless invites bids for phase two of canal
Limitless is inviting construction firms to bid for the second phase of earthworks on Arabian Canal, its $11bn waterway. The contract will involve the excavation of around 300 million cubic metres of earth along an 8.5 kilometre stretch of the Canal's route. It follows the appointment last month of Abu Dhabi-based Tristar for phase one, where 100,000 cubic metres of earth is being moved each day and more than 200 million cubic metres will be excavated in total. Ian Raine, Project Director, Arabian Canal, said this is the second of around 10 packages that will be awarded for the excavation of the 75km waterway. Limitless expects to name the contractor for phase two of the earthworks in early 2009. More »
Kuwait may open real estate sector
Kuwait's cabinet has submitted a proposal to allow citizens from other Gulf states to own property and land in the country, Reuters has reported. The bill would allow citizens of Saudi Arabia, the UAE, Qatar, Oman and Bahrain to be treated like Kuwaitis in 'ownership of land and property', which currently is closed to foreign ownership. The bill requires approval by parliament and Kuwait's ruler. More »
Capital Gate aims for world record
The developer and architect of the Capital Gate project in Abu Dhabi have submitted a joint application to the Guinness Book of Records to recognise the tower as the 'most inclined in the world', reported Khaleej Times. Capital Gate leans westward 18 degrees; by comparison the Leaning Tower of Pisa leans less than 4 degrees. The Abu Dhabi National Exhibitions Company (Adnec) is the developer of the project, and RMJM is the project architect. More »
Off plan sales cool off in Dubai
Real estate agents and analysts in Dubai say demand remains strong for completed property in the emirate, but interest in off plan property appears to be drying up, AP has reported. Some investors who had hoped to see double-digit or better annual returns are now looking simply to cut their losses on unfinished properties. At the same time, banks are tightening the rules on who can get a loan, and for how much, which means many buyers no longer qualify for mortgages at 10% down. More »
Dubai Towers-Doha to achieve LEED certification
Sama Dubai, the international real estate investment and development arm of Dubai Holding, has announced that Dubai Towers - Doha will be one of Qatar's first buildings to be designed to achieve the US Green Building Council's Leadership in Energy and Environmental Design (LEED) certification. More »
Al Wa'ab financing complete
Qatar-based Al Wa'ab City has announced that it has completed financing for its development. Construction on the mixed use project is due to begin shortly after the group managed to raise QR4.6bn. More »
Memon Group unveils Jumeirah Village project
Memon Invetsments, a subsidiary of the Memon Group, has announced the launch of a project in Jumeirah Village South. The Gardenia I and II residential developments are valued at Dhs150m. More »
Palm Deira on track 'as planned'
Nakheel Properties has denied a report that its Palm Deira project had scaled back dredging due to the global financial crisis, Gulf News has reported. Nakheel said on Friday land reclamation work on Palm Deira development was progressing 'as planned'. More »