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07/28/2010
07:57 PM
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US borrowers pay down mortgages
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More homeowners are paying down their principal balances when they refinance their mortgages, reversing a trend that became popular during the housing bubble, when rising prices allowed borrowers to "cash out" by taking on more debt, Freddie Mac, the government-sponsored mortgage finance company, said
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07/28/2010
12:09 AM
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CBRE upbeat on global recovery
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The world's largest real estate consultancy reports the strongest growth in revenue and earnings since 2007 as it benefits from the global recovery in commercial property activity
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07/27/2010
03:15 AM
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Foreclosures jump among prime US borrowers
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Credit-worthy clients with straightforward mortgages have entered foreclosures at a record pace of 425% since January 2008, says a Lender Processing Services report
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07/27/2010
01:47 AM
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Nil-premium merger far from a case of plain sailing
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The time has almost come for shareholders of F&C Commercial Property and UK Commercial Property to cast votes in what is shaping up to be a nail-biting conclusion to a seemingly simple proposal
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07/25/2010
05:45 PM
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Housebuilders hit by US tax credit hangover
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The last day of April and the end of the first-time buyer tax holiday was expected to be a dark day for US housebuilders. Yet few anticipated how sharply activity levels would fall once government support was removed
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07/25/2010
09:19 AM
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Chinese property insider denies bubble
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Wilfred Wong, a deputy of the National Congress of the People's Republic of China and executive chairman China of Pacific Star Group, a property investment firm, on China's property market
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07/23/2010
10:28 PM
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Chelsea Barracks developer apologises to Prince
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Christrian Candy has settled a legal dispute with a property company backed by Qatar over the proposed £3bn residential project on a prime site in London
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07/23/2010
07:19 PM
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Candy makes cash offer for miner
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Christian Candy, one of London's best known property developers, launches a £35.8m bid to take control of Metals Exploration, a small gold mining company
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07/22/2010
11:13 PM
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Targetfollow seeks MPs' help
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The owner of a large property portfolio that includes the Centre Point tower in London has enlisted the help of his local MPs to stave off administration
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07/22/2010
11:09 PM
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KiFin seeks Minerva meeting
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The investment company of billionaire Nathan Kirsh has called for a meeting of shareholders in the developer, to vote on proposals to overhaul the board
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07/22/2010
10:15 PM
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Development Securities plans to raise £94m
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The property developer and investor wants additional funds to exploit what it sees as a lack of equity and debt available for new development in the UK
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07/21/2010
07:08 PM
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LandSecs restarts stalled project
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The UK's biggest property company will start development of the first large shopping scheme since the recession struck in a sign of confidence in the strength of the regional retail market
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07/21/2010
06:35 PM
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Clydesdale Bank customers hit by repayment error
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Thousands of Clydesdale Bank mortgage customers are facing higher monthly mortgage payments after the lender admitted it had miscalculated repayments on some of its variable rate mortgages due to a software error
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07/20/2010
11:09 PM
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Derivatives reform to punish property industry
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It is becoming clear that the European property industry risks being one of the biggest victims of regulatory overreach
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07/20/2010
10:55 PM
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KiFin pushes for change at Minerva
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Property has always been an interest for Nathan Kirsh, but has only recently become a main focus, and in this context he is pursuing Minerva, the London developer
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