Brookfield Asset Management, which established a bridgehead in U.S. real estate during the early 1990s, is ramping up its pursuit of big-ticket distressed properties.
Built in 1994, this 8,100-square-foot home in Utah is owned by former NBA player Andrei Kirilenko. It sits on two lots and has views of Great Salt Lake, as well as the city, mountains and surrounding valley.
More developers are opting to hire his own sales staffs of brokers to market their luxury buildings.
This four-bedroom home in Ridgewood, N.J., has a two-story living room that the homeowner says feels like a hunting lodge. The asking price for the roughly 2,800-square-foot Colonial—$999,000.
Central banks from leading developed countries on Wednesday took coordinated action to ease strains in global financial system as fears persist of a collapse of the Eurozone. China earlier eased bank reserve requirements.
AIB (Allied Irish Banks) in a trading update today on the second half of 2011 to date, said bad loans have continued to increase across business and personal sectors, levels of arrears in the mortgage book increased in the third quarter for both AIB and EBS.
The Central Bank reported today that loans to Irish households and business fell in October. The decline in household lending was the sharpest. The rate of decline in bank deposits increased.
Eurozone annual inflation is expected to be 3.0% in November 2011 according to a flash estimate issued by Eurostat, the statistics office of the European Union. It was also 3.0% in October. Eurozone unemployment rate hit a record 10.3% in October.
The standardised Irish unemployment rate (SUR) in November 2011 was 14.5%, up slightly from a rate of 14.4% in October. The latest seasonally adjusted unemployment rate from the Quarterly National Household Survey was 14.2% in the second quarter of 2011. There were 179,890 people on the Live Register for more than a year in November.
This 19th-century, eight-bedroom property near Aix-en-Provence in southern France sits on 25 acres of land filled with olive trees.