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Report: Nearly Half of China’s Cities are Sinking

Report: Nearly Half of China’s Cities are Sinking

by Phil Hall | Apr 22, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Chinese real estate industry’s problems have expanded from economic to ecological woes, as new research published in the journal Science found nearly half of China’s major cities are sinking. Reuters reported 45% of China’s urban land was sinking faster than...
Goldman Sachs Executive Joins ICG’s Real Estate Business

Goldman Sachs Executive Joins ICG’s Real Estate Business

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, WRE News Exclusive

The private equity investment firm Intermediate Capital Group (ICG) (OTCMKTS: ICGU) has announced the appointment of Greg Minson as global head of asset management within its real estate business. In his new role, Minson will be based in London and provide global...
Portfolio+ Launches Reverse Mortgage Product

Portfolio+ Launches Reverse Mortgage Product

by Phil Hall | Apr 18, 2024 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Portfolio+ Inc., a Toronto-based provider of financial services systems and technologies for the Canadian market, has added a reverse mortgage product to its offerings. According to the company, the new reverse mortgage solution will enable financial institutions to...
British Columbia Woman Fined $626,000 for Real Estate Flipping Scam

British Columbia Woman Fined $626,000 for Real Estate Flipping Scam

by Phil Hall | Apr 16, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The British Columbia Securities Commission (BCSC) levied $626,000 in sanctions and issued market bans against Cherie Evangeline White and her company Kingdom Investments 2015 Inc. for orchestrating a Ponzi scheme involving a real estate flipping scam. According to the...
Sotheby’s International Realty Expands to Poland

Sotheby’s International Realty Expands to Poland

by Phil Hall | Apr 15, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sotheby’s International Realty has opened its 194th European office with the launch of Poland Sotheby’s International Realty in Warsaw. The new office is based in the Europejski building in Warsaw’s City Center and will service the districts of...
Canadian Home Sales Inched Up in March

Canadian Home Sales Inched Up in March

by Phil Hall | Apr 12, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Home sales across Canada were up by 0.5% from February to March, according to data from the Canadian Real Estate Association, while actual (not seasonally adjusted) monthly activity was up by 1.7% from one year. The number of newly listed properties declined 1.6%...
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