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12 May 2012
Twitter Rent Surge Makes San Francisco Best Office Market

Frank Fudem, a San Francisco broker for office tenants, realized that rents in the city were about to spike as Twitter Inc. agreed to move to a gritty neighborhood and leasing by technology companies started to accelerate.  / Source: bloomberg

12 May 2012
Spain Imposes 30 Billion Euros of Provisions on Banks

Spain will force banks to increase provisions against real estate loans by about 30 billion euros ($38 billion) and will hire two auditors to value lenders assets in a fourth attempt to clean up the industry.  / Source: bloomberg

11 May 2012
Tax Terms Amended in Empire State IPO

The family that controls the Empire State Building has agreed to change the terms of the skyscraper's public offering, making the tax treatment less punitive to small investors who have been fighting with the family over their potential tax bill arising from the sale. / Source: The Wall Street Journal

11 May 2012
Pointed Spat Over World Trade Spire

As construction of One World Trade Center in Lower Manhattan moves toward completion, the building's owners are sparring with their architects over what goes on top of the 104-story towera dispute that could stop the structure being recognized as America's tallest. / Source: The Wall Street Journal

10 May 2012
Irish 247-Acre Estate Where Premier Hosted Qaddafi for Sale

The 247-acre (100-hectare) country estate where former Irish Premier Charles Haughey entertained Libyan leader Muammar Qaddafi and opera singer Luciano Pavarotti is on sale for 7.5 million euros ($9.7 million). / Source: bloomberg

10 May 2012
Coca-Cola Joins Subway Fat Fight as NYC Steps Up Attacks

For years, New York City has campaigned to reduce sugary soft drink consumption. Its latest ads, plastered all over New Yorks subways, compare sugary drinks with globs of fat and packets of sugar.  / Source: bloomberg

05 May 2012
Sun Hung Kai Says Ex-Chairman Arrested in Widening Probe

Sun Hung Kai Properties Ltd. (16), Hong Kongs biggest developer, said former chairman Walter Kwok was arrested by the anti-corruption commission, widening a probe that includes his brothers and a former government official.  / Source: bloomberg

05 May 2012
Deal Is Near to Develop Willets Point

The Bloomberg administration is nearing a deal with the Related Cos. and a real-estate firm controlled by owners of the New York Mets to build a retail and residential development on a gritty swath of Queens near Citi Field / Source: The Wall Street Journal

04 May 2012
Next Says China-Made U.K. Olympic Suits to Promote Brand Abroad

Next Plc (NXT), the U.K.s second-largest clothing retailer, said a multi-million-pound sponsorship deal to fit out British Olympians in 220-pound ($357) Chinese-made suits will help promote its brand as it targets growth abroad. / Source: bloomberg

04 May 2012
U.K. Commercial Real Estate Falls for Second Straight Quarter

U.K. commercial property values declined by 0.7 percent in the first three months of 2012, the second consecutive quarter of decline, Investment Property Databank said.  / Source: bloomberg

03 May 2012
Target, Macys Sales Trail Estimates After Early Easter

Target Corp. (TGT) and Macys Inc. (M) posted April same-store sales that trailed analysts estimates as the earlier Easter holiday pulled sales into March and cooler weather cut mall traffic.  / Source: bloomberg

03 May 2012
Brazils Safra Acquires London Offices for $809 Million

Brazilian billionaire Moise Yacoub Safra paid about 500 million pounds ($809 million) to buy an office building in the City of London financial district from a group of investors that breached the terms of loans secured by the building, according to a person with knowledge of the sale.  / Source: bloomberg

02 May 2012
Wynn Macau Gets Land Grant for Casino on Cotai Strip

Wynn Macau Ltd. (1128), the unit of billionaire Steve Wynns Las Vegas company, won a land grant for its second resort in the Chinese city as surging revenue spurs expansion by casino operators in the worlds biggest gaming hub.  / Source: bloomberg

02 May 2012
Best U.S. Real Estate With Self-Storage: Riskless Return

The best real estate investment in the past decade was found at the opposite end from trophy resorts and office towers, in 5-foot-by-5-foot lockers.  / Source: bloomberg

26 Apr 2012
Yanjing Said to Near $714 Million Deal for Kingway Assets

Beijing Yanjing Brewery Co. (000729), Chinas fourth-largest domestic beer maker, is nearing an agreement to buy brewery assets from Kingway Brewery Holdings Ltd. (124) for as much as 4.5 billion yuan ($714 million), said people with knowledge of the matter.  / Source: Bloomberg

26 Apr 2012
SMRT to Spend $722 Million to Upgrade Singapore Subway

SMRT Corp. (MRT) fell the most in 21 months on plans to spend S$900 million ($722 million) upgrading Singapores subway network after the rail systems worst breakdown in December.  / Source: Bloomberg

25 Apr 2012
Danone Infant Options Limited as Nestle Gets Pfizer Unit

Danone, beaten by Nestle (NESN) SA in an $11.9 billion contest to acquire Pfizer Inc. (PFE)s nutrition unit, may have to scale back its expansion ambitions in the baby-food market after losing out on one of the industrys main prizes.  / Source: Bloomberg

20 Apr 2012
McDonalds Profit Climbs 4.8% as New Items Drive Sales

McDonalds Corp. (MCD), the worlds largest restaurant chain, reported a 4.8 percent gain in first- quarter profit as new menu items such as Chicken McBites attracted U.S. consumers.  / Source: Bloomberg

20 Apr 2012
Nestle Sales Beat Estimates on Nescafe, Friskies Pet Food

Nestle SA, (NESN) the worlds biggest food maker, reported first-quarter revenue growth that beat analyst estimates as the Swiss company sold more Nescafe soluble coffee in China and Friskies pet food in North America.  / Source: Bloomberg

19 Apr 2012
Tesco Reluctance to Commit to U.S. Dims Investor Outlook

Tesco Plc (TSCO), investing 1 billion pounds ($1.6 billion) to regain share lost in the U.K. grocery market, disappointed investors by failing to give the same commitment to its U.S. business.  / Source: Bloomberg


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