real estate News
In Zurich’s Financial District, Landlords Resist Rent Cuts and Offices Lie Empty
Two floors of a prime lakeside office building in the heart of Zurich's financial district remain empty six months after they were offered for lease. While that's a cost for owner Zurich Insurance ...
China Taiping Insurance Group Wants to Buy $1.3B Hong Kong Tower
A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of ...
China’s Anbang Insurance and Kushner End Manhattan Tower Deal Talks
China's Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump's son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had ...
Axa, Europe’s 2nd-Biggest Insurer, Sees Property Sales Boost Profit
Axa, Europe's second-biggest insurer, reported a weaker than expected 4 percent rise in its first-half net profit, hit by lower investment returns, higher claims and despite a boost from real estate ...
Anbang Insurance Reportedly Drawing Scrutiny from Chinese Regulators
China's insurance regulator is planning to send inspectors to Anbang Insurance Group Co., a person with knowledge of the matter said, after the watchdog stepped up scrutiny of insurers' investments ...
AIG Reportedly Axes Four Senior Real Estate Group Execs
American International Group Inc., the insurer that's been slashing jobs to cut costs, dismissed four senior members of its real estate business including the group's chief executive officer, Robert ...
Ironshore to Spot U.S. Asset Purchases For Fosun, Its Chinese Owner
Ironshore, will help spot U.S. businesses and assets to buy for Fosun International, the Chinese conglomerate slated to become owner of the Bermuda –based insurer and reinsurer. These assets, in ...
London Is Priciest City to Employ Staff
London surpassed Hong Kong as the world's most expensive city for companies to locate employees after rents climbed and the pound appreciated against the dollar. London real estate costs, which ...