A highly unlikely new player has emerged in the Pacific Rim tourism industry – North Korea. The Associated Press reports North Korean leader Kim Jong Un has inaugurated the Wonsan-Kalma coastal tourist zone, which encompasses hotels, restaurants and cafeterias, and...
The Canadian real estate developer and contractor Brigil has previewed its Espace Canevas community project, a planned $1.3 billion urban hub in Gatineau, Quebec. Espace Canevas will be based at the site of the former Village Cartier shopping center. The project will...
Pacaso, the San Francisco-headquartered marketplace for co-owned luxury vacation homes, has expanded its European presence into Italy with the addition of new homes in Florence, Milan and Rome. In a statement, the company said that it can “provide financing options...
The parliament in Latvia has approved a bill that will prevent citizens from Russia and Belarus from buying real estate within the nation. Kyiv Independent reports the new bill also prevents entities that are least 25% owned by Russian or Belarusian nationals from...
The hotel chains Hilton (NYSE: HLT) and Marriott (NASDAQ: MAR) have announced respective plans to expand their presence across Africa. Hilton, which currently operates 63 hotels in Africa, is planning to add more than 100 locations across the continent over the coming...
The seasonally adjusted annual rate for housing starts in Canada was down by a scant 0.2% in May, with 279,510 units compared to the 280,181 units in April. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 9%...
Hits and Misses for the Real Estate Week of April 6-10
