Brookfield Asset Management to Spin Off $70B CRE Company

Brookfield Asset Management Inc., already one of the world’s largest holders of commercial real estate assets under management, is making a major play to capitalize on recovering property markets and become an even bigger global player.

The Toronto-based firm, which already manages worldwide property, infrastructure and financial assets valued at more than $150 billion, said it will spin-off several of its CRE units into Brookfield Property Partners… View full post on National Commercial Real Estate News From CoStar Group

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Subprime Foreclosures Improve Despite Rise in Overall Rate

Past-due payments on home loans have fallen for three consecutive quarters, though performance on mortgages to veterans deteriorated. But the rate of foreclosures was higher despite an improvement in subprime foreclosures.

Residential delinquency of at least 30 days was 11.79 percent as of the first quarter.

The rate fell from 11.96 percent in the fourth quarter. Delinquency has been lower each quarter since the second-quarter 2011, when the rate was 12.87 percent.


View full post on MortgageDaily.com – Mortgage News Headlines

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Frank Gehry’s Bid for Hong Kong Renters

Swire Properties has unveiled Frank Gehry’s new Opus Hong Kong — a 12-story apartment complex that is his first major project in Asia.




View full post on NYT > Real Estate

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What You Should Know About Real Estate Valuation

Anyone involved in a real transaction can benefit from gaining a basic understanding of the different methods of real estate valuation. View full post on real estate – Yahoo! News Search Results

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Montage Residences Beverly Hills Announces Two New Closings In Two Weeks – MarketWatch (press release)

Montage Residences Beverly Hills Announces Two New Closings In Two Weeks
MarketWatch (press release)
Continuing to set new marks in the Beverly Hills real estate market, a 4695 square foot, four bedroom, four and-a-half bath residence sold for $10500000. A 2766 square foot, three bedroom, three and-a-half bath home was purchased for $6085000.

and more »

View full post on california real estate – Google News

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