Real Estate News
Winrock and Metropolitan Go Back to Court
You may have heard that Winrock Grass Farms Inc. launched a lawsuit against Metropolitan National Bank, Tom Ferstl and his Affiliated Real Estate Appraisers. More »
Mountain Inn Site Still Vacant in Fayetteville
Fayetteville city fathers are starting to lose faith that a big hole on the corner of Mountain Street and College Avenue will ever become a Renaissance Tower Hotel. More »
Jobless Rate Bolts to 14-year High of 6.5 Percent
The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, the government said Friday. It was stark proof the economy is almost certainly in a recession. More »
Tiger delivers Jumeirah Lakes Towers project
Tiger Properties has announced the delivery of a 40-storey tower in new Dubai. The Jumeirah Lakes Towers project is located immediately in front of a Dubai Metro station, as well as walking distance from Almas Tower, which will house the region's only diamond bourse, the Dubai Diamond Exchange. The company's facilities management arm, having newly been formed, intends to serve the 500,000 square feet development. More »
Jeddah to get $932m facelift
The historic Balad area of Jeddah in Saudi Arabia is to get a $932m rejuvenation, reported Arab News. Under the scheme, which will start next February, the old city will be divided into two major zones - a waterfront area and a historic area. Companies behind the project include the Urban Development Co, Solidere International, Siraj Capital and Venture Capital Bank. More »
SmartMoney Editor Provides Economic Outlook Under Obama Administration
President-elect Barack Obama has a shot at relieving financial fallout, but only if he keeps his promise of being committed to reaching across the aisle, Matthew Heimer, The Wall Street Journal Magazine SmartMoney deputy editor, said Wednesday. More »
Abyaar's net income jumps 95%
Kuwait-based Abyaar Real Estate Development said that its nine-month profit jumped 95%, Bloomberg has reported. Net income increased to 24.3 million dinars ($89.5m), or 50.14 fils per share, from 12.5 million dinars, or 25.87 fils per share, a year earlier. More »
SR11.5bn investment in Jizan Economic City
A further 19 companies have signed agreements to establish investment projects in Saudi Arabia's Jizan Economic City in deals valued at SR11.5bn. The agreements bring the total investment values for the project to SR115bn. More »
Dubai developer forced to cut prices
In a turn-around for the Dubai real estate market, Ukranian company VIP Waterfront have been forced to cut prices for the newly launched project by a third from those planned earlier in the year, according to the National. The units are currently being offered at Dhs2,300 per square foot. More »
UALR Economic Forecast Conference Set for Nov. 5
The next University of Arkansas at Little Rock Economic Forecast Conference will be held Wednesday, Nov. 5 at the DoubleTree Hotel in Little Rock. More »