Sentences with phrase «developer said the property»

Although the parcel includes wetlands, the developer said the property already had many of the public approvals necessary for development.

Not exact matches

Real estate developers are under pressure in China to refurbish older properties for rental purposes to ease a supply shortage in the market for affordable housing, says Peter Churchouse of Portwood Capital.

Property investor and developer Aspen Group says it is likely to post a half - year loss of up to $ 72 million on the back of impairments on a number of its assets.

The fact is, says Vitaliy Katsenelson, director of research at Investment Management Associates in Denver, Colo., and a prominent China skeptic, China's frantic building boom over the past five years not only boosted GDP on paper and put millions to work but also produced a property bubble where neither investors nor developers are likely to ever recover their costs.

In a research report, the investment bank said buying power in the property market had been exhausted as developers rushed to dispose of their assets.

The Metropolitan Redevelopment Authority has rejected a $ 450 million proposal for two towers near Scarborough beach with the developer behind the project, 3 Oceans Property, saying the decision was a missed opportunity to show courage and vision.

Less than a year after making public his concept for a «Hyperloop» high - speed transportation system — essentially saying, «have at it, developers» — the erstwhile PayPal co-founder, current CEO of Tesla Motors and SpaceX, and general poster boy for successful geeky entrepreneurs has made another bold declaration of his laissez - faire attitude toward intellectual property.

Inventory had been falling because developers were moving their properties from active to shadow status to avoid extended marketing periods, the company said.

«There are many companies interested in our products, such as commercial property companies in Singapore and London, public parking companies in the Middle East, and developers, governments, as well as public parking companies in China,» he said.

Longstanding Brisbane developer Consolidated Properties says the city's apartment market has been cruelled by restrictions on financing set up to ease speculative property buying in Sydney and Melbourne.

He lent the money, reported to to amount to 6.4 billion yuan, to other businesses, such as property developers, charging super-high interest, the newspaper said.

The seller is the portfolio's developer, Philadelphia - based Dranoff Properties Inc. «The timing is right to sell six of our premier properties to Aimco and become a major investor in the company,» says Carl Dranoff, founder and CEO of Dranoff Properties.

Chinese investors are on a buying spree, and Cyprus property is on their shopping list, says a leading Cypriot developer.

Kane said this week that he and other developers have cobbled together enough North Brooklyn properties to meet Amazon's eventual need of 8 million sq. ft.

A survey of property developers and real estate companies showed the average price of housing in 100 Chinese cities rose by a modest 0.03 % in December from a year earlier, data provider China Real Estate Index System said Friday.

Just over half (56 %) of UK agents, developers and overseas property professionals asked by OPP for their view on the hotly - debated EU referendum, say Britain should remain in...

«The Developers» Den competition provides an important opportunity for the best students to develop and showcase their analytical, creative and presentation skills as emerging talent in front of leaders within the real property sector,» says Jim Clayton, who was recently appointed to the Timothy R. Price Chair at Schulich's Brookfield Centre in Real Estate and Infrastructure.

«Investors don't have to deal with midnight phone calls or debt financing,» he says, «and they can partner with an experienced [developer] to manage the property.»

The developers of the sprawling Port Covington property on the South Baltimore waterfront say they will soon seek their first sale of city bonds and put the proceeds toward the infrastructure to support two or three mixed - use buildings that will open in...

China's property developers are facing increasing liquidity pressure over the next six to 12 months and tightening credit conditions may see some cut prices, S&P said.

The DuPont models enable customers to calculate the combination of physical properties that will deliver required performance, processibility and other requirements,» said Dr. Barry Morris, senior scientist and developer of the modeling tools.

David Trandel, Arlington Downs» developer, said there will be an internal meeting Thursday to discuss the future of the property.

Bruce Lyon, who lives nearby on Elmwood Avenue, said that if a developer doesn't pay as much for the property as the referendum proposal cost taxpayers, residents will have to subsidize the project.

The developers would like the South Barrington Park District to buy the eight acres of the Midlands property on which the center would be built, said Village Trustee Greg Scurto.

The village also wants the developer to pursue an access road to the west of the development, across property on Swift Road that is owned by Commonwealth Edison, he said.

Developer and property broker Aronson says prices have increased about 100 percent in the last two years.

Boles hit back, saying that the question was typical of the party opposite who «sneer at people's aspirations», and that there was a difference between property developers building a block of flats on gardens and ordinary families getting extensions.

Hizzoner said Wednesday that the city's Economic Development Corp. will turn over the lease to the property that Messier and developer Ken Parker's company, KNIC, needs to break ground once the state's economic development arm formally authorizes a $ 108 million loan for the first phase that was included in his state budget.

Because the state's board of elections interprets LLCs as individuals, according to good government groups, if a developer has, say, 30 or 40 LLCs for each property, each can be counted as a person and allowed to donate up to $ 100,000.

«The bill, instead of applying one affordability requirement to every building, provides developers with three options for rental properties and one option for homeownership projects, and limits additional subsidies to certain options,» the memo says.

The disclosure in Sunday's Post about the property's ownership proves the mosque's developers «have been operating under false pretenses,» he said.

«After Christine Quinn took thousands of dollars from real estate developers who owned the property, she failed to keep St. Vincent's open, leaving thousands of New Yorkers in need of medical care with nowhere to go,» it says, over video of a sad old woman with a cane sitting alone on a bench in the snow.

«There is always the risk that eliminating or significantly curtailing the 421 - a property tax exemption would reduce the amount that developers of rental housing would be willing to pay for land,» Mark Willis, the executive director of New York University's Furman Center, said in an email.

«This is happening because many of the county's largest property tax owners — national chains, big box retailers, developers, not residential property owners — are challenging their assessments, and many local assessors are not regularly or accurately assessing properties,» Poloncarz said.

Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the criminal complaint said.

Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the complaint said.

Wilber said developers» efforts to secure access for surveys have also been a concern because tactics have included the threat of lawsuits against property owners.

Rubenstein spokeswoman Lisa Serbaniewicz would not mention specific locations or developers involved in the pitch, though Jamie Wiseman of Cayuga Capital said he had put forth two of his company's properties at 10 Berry St. and 77 Wythe Ave.

... but the mayor's office said de Blasio's administration removed deed restrictions on the Manhattan building in question without knowing its owner had already signed a contract to sell the property to developers who planned to build luxury condos.

A de Blasio spokeswoman said the mayor never saw it, and only learned his administration had lifted the restrictions from news reports after the property had been sold to a developer.

«That's a private development so we don't have control over the property, that's between the private developer, but when the city puts in dollars we always make sure that there's an affordable component,» said Rochester Mayor Lovely Warren.

Borough President James Oddo, who toured the renovated spot on Tuesday, said that he thought the new renovations were «breathtaking» and commended the sisters for not selling the property to developers.

He also steered a second developer, which owns properties in the district to the firm in 2005, without telling them that he was getting a 15 percent cut, the documents said.

Companies House records indicate that his father Nicholas, who also owns a twenty room chalet in the Alps and a Chateau near Bordeaux, is the Chairman of The United Trust Bank which specialises in financing property developers, the sort of risky lending Vince Cable says he wants to curb.

He said, however, that Cuomo's biggest benefactors remain the traditional lobbying powers: businesses supporting his initiative to cap the growth of property taxes; landlords, developers and tenant advocates who sought the continuation of New York City's rent control law; and more from contributors with interests in health care and education.

Day said he wants to make sure fines for violations of building and zoning laws are significant enough to that developers and property owners could no longer ignore the rules because of penalties that are very low or can be avoided for lengthy periods.

The EDC hasn't released the 99 - year lease for the property, saying that the developers must first show that they have $ 158 million in hand for the first phase of the project.

Officials in Mayor Bill de Blasio's administration removed deed restrictions on a Manhattan building without knowing its owner had already signed a contract to sell the property to developers who planned to build luxury condos, the mayor's office said Friday.

According to payment - in - lieu - of - tax agreements with the developer, the city will receive no property taxes from Carousel Center mall or the Destiny expansion for 30 years, said Bill Ryan, the mayor's chief of staff and the chairman of SIDA.

The developer said those changes, which would lower the hotel's height and its parking garage and move the facility further from surrounding agricultural and personal property, were made in response to concerns from residents and officials in the surrounding community.