source Shutterstock Cushman & Wakefield filed to go public on Wednesday. The company earned $6.92 billion in revenues last year, the regulatory filing showed. It’s counting on the continued growth of commercial real estate around the world and more participation from institutional investors in the property market. The commercial real estate giant Cushman & Wakefield has filed for an initial public offering. The filing, published on Wednesday, showed that the company is betting on the continued growth of commercial real estate around the world, and greater participation from institutional investors in the property market. Cushman & Wakefield employs about 48,000 people worldwide and operates in 70 countries. Its revenues have grown every year since 2015 and totaled $6.92 billion in 2017, the filing showed. As at the end of March, the company had over $3 billion in long-term debt. … [Read more...] about One of the world’s largest commercial real estate companies is going public
Leading real estate
Jared Kushner’s family company is nearing a major real estate bailout with a company tied to Qatar’s government
caption Jared Kushner. source Thomas Peter-Pool/Getty Images Kushner Companies is closing in on a major deal with a company tied to the government of Qatar to save its financially imperiled Manhattan tower. If the bailout is finalized, it will likely raise concerns about Jared Kushner’s work as the White House lead on Middle East policy. This comes amid reports that the president’s longtime personal lawyer, Michael Cohen, solicited $1 million from the government of Qatar in 2016 for access and insight into the Trump administration. Jared and Charles Kushner’s $1.8 billion purchase in 2007 of 666 Fifth Avenue, a 41-story tower in midtown Manhattan, has long been ridiculed in New York real estate circles as a reckless move. Indeed, the office building has faced financial struggles for years – today it brings in only half of its annual mortgage fees and 30% of its space is … [Read more...] about Jared Kushner’s family company is nearing a major real estate bailout with a company tied to Qatar’s government
Millenials rank affordable housing among top concerns for upcoming provincial election, real estate study says
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By Tess Kalinowski Real Estate Reporter Mon., April 30, 2018 A provincial party that offers hope for overcoming the high cost of housing will have an edge with a generation of highly educated millennials looking for a way out of their parents’ basements and into the housing market, says the Ontario Real Estate Association (OREA). At a time when nearly half the people aged 25 to 34 are living with their parents, 91 per cent of millennials still believe that owning a home is a smart financial investment. But nearly 70 per cent of those in that age bracket said they agree or somewhat agree that buying a home in their neighbourhood is unaffordable, according to OREA research published Monday. It released Nanos telephone poll results to put home ownership on the June 7 provincial election agenda, said CEO Tim Hudak, the former head of the Ontario Progressive Conservative party. The association that represents about 70,000 members, including real estate agents, … [Read more...] about Millenials rank affordable housing among top concerns for upcoming provincial election, real estate study says
News Ortigas boss uses ‘stewardship’ in leading real estate firm
Watch more in iWantv or TFC.tv In an exclusive interview with ANC's The Boss, Ysmael said he champions "stewardship" to maximize the potential of his people and bring the business to the next level. He said he's committed to preserving the "tiangge" community amid the revamp of its flagship Greenhills Shopping Center. Ortigas and Co's net income doubles to P1.5 billion in 2017 A boss "cultivates" and preserves the values of the company to pass on to the successors, he said. "Our primary mission is actually to preserve and enhance the value of what we are involved in, whether it be companies that we work for, the businesses we are in, the roles that we perform if we were teachers or civil servants for the generations to come," he said. Catch full episodes of The Boss on iWantTV and tfc.tv. New episodes premiere on ANC at 7:30 p.m. Thursdays with replays on Thursday, 11 p.m.; Friday, 3:30 a.m. and 1 p.m.; Saturday, 4:30 a.m. and 10 a.m.; Sunday, 10 p.m.; and Monday, 9:30 a.m. Watch … [Read more...] about News Ortigas boss uses ‘stewardship’ in leading real estate firm
Real estate blues
Real estate, the second largest employer in the Indian economy, has been hit badly by reforms including demonetisation, the crackdown on "black money", tax changes and new consumer-friendly regulations intended to hold developers more accountable. As a result, a large number of investors, brokers and developers have either quit the field in the last 14 months or are preparing to leave.Vinod Chhabra recently wound up his property office in Alpha Commercial, a market complex in Greater Noida, 40 kilometres east of Delhi, and in its place opened a grocery store.Mr Chhabra said he made the change because the real estate business was no longer profitable enough to sustain his family. He blamed the impact of demonetisation, the Goods and Services Tax (GST), the Real Estate (Regulation and Development) Act (RERA) and the Benami Property Act.(Benami in Hindi means "without name". A property bought by an individual not under his or her name is commonly known as benami property. It has long been … [Read more...] about Real estate blues