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Venture Capital Bank half year profits surge to $31.4m (AME Info)

July 23rd, 2008

Venture Capital Bank announced its 30 June 2008 half year total income today at $45.7m, an increase of 447% over the prior period, and a net profit of $31.4m for the six months to 30 June 2008. More…

Question: We are interested in purchasing a home privately, that is, without the seller using a real estate broker. We would need to agree on a price and will ask for a structural inspection. What suggestions do you have for oversight of this transaction to protect both the seller and us? More…

23 July 2008 Manama - Kingdom of Bahrain: Venture Capital Bank announced its 30 June 2008 half year total income today at US$ 45.7 million, an increase of 447% over the prior period, and a net profit of US$ 31.4 million for the six months to 30 June 2008. The 2008 half year net income is close to almost the total net profits of last year (2007) of US$ 32.3 million, which reflects the steady … More…

n Nearly $3 billion in financing flows to new companies in 2nd quarter More…

VietNamNet Bridge The real estate market is frozen but many large-scale real estate projects are still being implemented. Local and foreign investment worth tens of billions of USD is being pumped into real estate projects. More…

Three private lenders to a local developer have leveled the most serious claims to date involving hard money deals in the region, accusing the firm in a lawsuit of fraud, embezzlement and securities violations after a plan to build two subdivisions went sour. More…

KUWAIT: Kuwaiti property sales and money supply growth fell in June after the Gulf state tackled record inflation through curbs on residential real estate trading and consumer credit, official data showed on Monday. More…

TACOMA, Wash.—-Russell Investments announced that it has hired Martin Lamb as head of property, Asia Pacific, for its real estate team. Based in Singapore, Lamb will be responsible for private fund research in the region and will have portfolio management responsibilities for certain Russell funds domiciled there. More…

Guiliani Partners , the firm run by Rudolph W. Giuliani, the former New York mayor, is planning an investment fund based on commercial and residential properties in New York and Washington, members of the venture told The New York Times last week. More…

KALAMAZOO — State Rep. Robert Jones, D-Kalamazoo, has introduced a bill in the Michigan House that would allow counties to assess a new real-estate transfer tax to provide money for local housing trust funds for the homeless. More…

Inland, Bank of America in $152M Sale-Leaseback (Commercial Property News)

July 23rd, 2008

Bank of America, NA and a joint venture involving Inland Real Estate Corp. have agreed on a sale-leaseback of four of the former s office buildings. The buildings, in Moosic, Pa.; Las Vegas; Hunt Valley, Md.; and Rio Rancho, N.M., total 839,800 square feet. Read…

While Fort Myers real estate agent Samir Cabrera was allegedly mismanaging two property investments along Fiddlesticks Boulevard in a way that would later lead to federal fraud charges, he also was attracting investors to launch a larger deal on the land next door. That deal was called Daniels View. It was a more ambitious project, but land records and documents prepared for potential investors … Read…

Hard times for hard money (BizJournals)

July 23rd, 2008

Three private lenders to a local developer have leveled the most serious claims to date involving hard money deals in the region, accusing the firm in a lawsuit of fraud, embezzlement and securities violations after a plan to build two subdivisions went sour. More…

(RTTNews) - Shares of mid-size Japanese real estate companies tumbled on Tuesday after developer Zephyr Co. filed for bankruptcy protection with the Tokyo District Court, with debts totaling $890.45 million. More…

Bank of America, NA and a joint venture involving Inland Real Estate Corp. have agreed on a sale-leaseback of four of the former s office buildings. The buildings, in Moosic, Pa.; Las Vegas; Hunt Valley, Md.; and Rio Rancho, N.M., total 839,800 square feet. More…

Question: We are interested in purchasing a home privately, that is, without the seller using a real estate broker. We would need to agree on a price and will ask for a structural inspection. What suggestions do you have for oversight of this transaction to protect both the seller and us? More…

Mubadala, GE form $8 billion company (Khaleej Times)

July 23rd, 2008

ABU DHABI - Mubadala Development Company (Mubadala) and General Electric (GE) have agreed to set up a $8 billion joint venture commercial finance company to explore investment opportunities in infrastructure, real estate, leasing, and finance sectors in Mena region, a joint announcement said yesterday. Read…

n Nearly $3 billion in financing flows to new companies in 2nd quarter Read…

VietNamNet Bridge The real estate market is frozen but many large-scale real estate projects are still being implemented. Local and foreign investment worth tens of billions of USD is being pumped into real estate projects. Read…

Apparently, someone still shops at the Bay, or at least buys the muddled retailer itself. Read…