Commercial News for 8/4/15
WSJ.com: Commercial Real Estate
In India, a GIFT Waiting to Be Opened
India?s Prime Minister Modi conceived of the Gujarat International Finance Tec-City, or GIFT, more than seven years ago. But the ambitious project has seen only halting progress.
Smaller Chinese Cities Miss Housing Recovery
Housing markets in some big Chinese cities are starting to heat up, but smaller markets like Changchun in northeastern China show few signs of thawing.
Condos Left Behind in Housing Rebound
Condos accounted for just 5.5% of all construction of multifamily housing in the U.S. in the first quarter, the lowest ratio on record, as demand has been hit by post-crisis rules on condo mortgages and by some consumers? shift in favor of renting.
When the Firm Is Wired but the Office Isn't
Tech and advertising companies love New York?s quirky old loft buildings and hip, unconventional neighborhoods. Trouble is, connectivity can be primitive.
Dagon City's Demise Casts Doubts on Myanmar
Myanmar?s decision to ax the $300-million Dagon City development and four others has left developers wondering if their investments are safe in the fast-growing real-estate market.
Greek Crisis Derails Italian REIT IPOs
The turbulence in Greece has crossed the Ionian Sea, foiling plans for two Italian real-estate firms preparing to list shares on the Milan stock exchange.
Baha Mar Contractor Seeks Chapter 11 Dismissal
The Chinese contractor for a stalled $3.5 billion project in the Bahamas wants the developer tossed from bankruptcy in the U.S.