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real estate News Archive 20-Mar-2009
Siemens sells residential real estate holdings (AP via Yahoo! News)German industrial company Siemens AG said Thursday it has sold off more than 4,000 units of its residential real estate holdings, but didn't reveal the prices of the deals.
China Stocks Post First Drop This Week; Poly Real Estate Falls (Bloomberg)March 20 (Bloomberg) -- China stocks fell for the first time this week, led by banks and developers, after major stakeholders of Poly Real Estate Group Co. sold shares and Shenzhen Development Bank Co. posted lower profits.
Poly Real Estate Says Shareholders Sold 122.6 Million Shares (Bloomberg)March 20 (Bloomberg) -- Poly Real Estate Group Co. said Huamei Group and Huamei Group Chairman Zhang Keqiang sold 122.6 million of the property developer?s shares, according to a filing today to Shanghai?s stock exchange. The share sold accounted for 5 percent of Poly, it said.
Siemens sells residential real estate holdings (San Francisco Chronicle)German industrial company Siemens AG said Thursday it has sold off more than 4,000 units of its residential real estate holdings, but didn't reveal the prices of the deals. In a brief statement, Munich-based Siemens said the buyer was a consortium comprised...
GE Real Estate Says Loss in Stress Test May Reach $3.6 Billion (Bloomberg)March 19 (Bloomberg) -- GE Real Estate?s commercial property losses could run as high as $3.6 billion in a worst- case scenario for the U.S. economy, according to Jayne Day , the unit?s chief risk officer.
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