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US prosecutors push to seize apartment tied to Congolese president in luxury Trump complex - ICIJ
icij.org/investigations/pandora-papers/us-prosecutors-push-to-seize-apartment-tied-to-congolese-president-in-luxury-trump-complex/
Quick Glance: US Prosecutors Seek to Seize Congolese President's Apartment in Luxury Trump Complex
- U.S. authorities are moving to seize a $7.1 million Manhattan apartment in a corruption probe involving the Republic of Congo's first family.
- Allegations suggest embezzled state funds were used to purchase the apartment at Trump International Hotel & Tower for the daughter of the scandal-plagued president of the Central African country.
- A complex network of shell companies, ultimately owned by Sassou Nguesso, funneled millions of dollars out of Congo, with a portion allegedly used to acquire the apartment.
- The FACT Coalition advocates for stricter oversight in real estate transactions to combat illicit financial flows and supports a proposal by the Treasury Department for reporting suspicious activities in the real estate sector.
Rents on the Berlin housing market continue to rise: The situation on the Berlin rental housing market remains tense. As a result, the asking rents rose by 18 ...
iz.de/maerkte/news/-mieten-auf-dem-berliner-wohnungsmarkt-ziehen-weiter-an-2000024886
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New building fund from D.i.i. is also insolvent: D.i.i. now also declares the insolvency of Neubaufonds 14 and its construction projects ...
iz.de/unternehmen/news/-neubaufonds-von-d.i.i.-ist-ebenfalls-insolvent-2000024862
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Munich wants to continue buying and building: The city of Munich continues to buy apartments from private real estate companies. She has more than 100 offers ...
iz.de/transaktionen/news/-muenchen-will-weiter-kaufen-und-bauen-2000024786
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Munich investment market is picking up speed: The Munich investment market is getting back on track faster than expected. This is what figures from the expert ...
iz.de/maerkte/news/-muenchner-investmentmarkt-nimmt-fahrt-auf-2000024762
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Sales of office space in Hamburg are well below 100,000 sqm: With an office space turnover of around 85,000 sqm, the weakest result in the past ten years was ...
iz.de/maerkte/news/-umsatz-mit-hamburger-bueroflaechen-liegt-deutlich-unter-100.000-qm-2000024768
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Soravia will focus more on subsidized housing in Germany in the future: The family-run Austrian developer Soravia does not want to leave the field in Germany ...
iz.de/unternehmen/news/-soravia-setzt-in-deutschland-kuenftig-mehr-auf-gefoerdertes-wohnen-2000024885
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Aldi opens local supply center with apartments in Waldbronn: Aldi Süd is opening a branch today in a local supply center with apartments in Waldbronn near ...
iz.de/projekte/news/-aldi-eroeffnet-nahversorgungszentrum-mit-wohnungen-in-waldbronn-2000024903
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Residential properties are becoming more expensive again: The appraiser Sprengnetter examined the real purchase prices paid for residential properties in the ...
iz.de/maerkte/news/-wohnimmobilien-werden-wieder-teurer-2000024916
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Ex-Kaufhof investor is said to be taking over Galeria: According to media reports, a group of investors led by US real estate entrepreneur Richard Baker will win ...
iz.de/unternehmen/news/-ex-kaufhof-investor-soll-angeblich-galeria-uebernehmen-2000024604
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Central Group is reportedly buying Berlin-based KaDeWe: The Central Group has reportedly bought the KaDeWe property in Berlin. If the reports are correct ...
iz.de/transaktionen/news/-central-group-kauft-angeblich-das-berliner-kadewe-2000024737
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Midstad wants to make trading monoliths tradable again: Midstad emerged from JC Real Estate, the project developer from the family that owns P&C Düsseldorf ...
iz.de/unternehmen/news/-midstad-will-handels-monolithen-wieder-handelbar-machen-2000024771
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The textile industry dominates inner-city shop leasing: The textile sector accounted for 52% of inner-city store take-up in the first quarter.
iz.de/maerkte/news/-textilbranche-dominiert-die-innerstaedtische-ladenvermietung-2000024740
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Homie, the Utah company meant to ‘disrupt’ real estate, calls it quits : The move to end brokerage services comes after years of turbulence for Homie — a ...
sltrib.com/news/business/2024/04/19/homie-utah-company-meant-disrupt/
Ikea opens planning studios in Cologne and Stuttgart: The furniture chain Ikea is opening two more planning studios in Stuttgart and Cologne ...
iz.de/unternehmen/news/-ikea-eroeffnet-planungsstudios-in-koeln-und-stuttgart-2000024757
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Procom is developing local suppliers and apartments in Büchen: Procom Invest is building the Pötrauer Tor local supply center with twelve apartments in Büchen ...
iz.de/projekte/news/-procom-entwickelt-nahversorger-samt-wohnungen-in-buechen-2000024917
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Clockwise opens its first German location in Bremen: At the beginning of May, the British coworking provider Clockwise opened its first German location in Bremen ...
iz.de/unternehmen/news/-clockwise-eroeffnet-ersten-deutschen-standort-in-bremen-2000024745
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Berlin state housing companies rent out new buildings for up to 18 euros/sqm: The rents for new buildings from Berlin's municipal housing companies for privately ...
iz.de/maerkte/news/-berliner-landeswohnungsgesellschaften-vermieten-neubau-fuer-bis-zu-18-euroqm-2000024605
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Vietnamese property tycoon Truong My Lan sentenced to death in US$12.5 billion fraud case
scmp.com/week-asia/politics/article/3258672/vietnamese-property-tycoon-truong-my-lan-sentenced-death-us125-billion-fraud-case
Quick Glance: Death Sentence for Real Estate Tycoon in Vietnam's Largest Fraud Case
- Truong My Lan, a prominent businesswoman and real estate tycoon, was sentenced to death in Vietnam's largest financial fraud case, marking a shocking development in the country's escalating anti-corruption campaign.
- Born in 1956, Lan founded the Van Thinh Phat company with her family in 1992, which grew to become one of Vietnam's richest real estate firms linked to some of Ho Chi Minh's most valuable properties.
- She was accused of using the bank as her cash cow, illegally controlling it between 2012 and 2022, and using thousands of 'ghost companies' in Vietnam and abroad to give loans to herself and her allies.
- Her arrest in October 2022 falls within a period of increased anti-corruption efforts in Vietnam ramping up since 2022, impacting the country's economic outlook and unsettling foreign investors.
Breakingviews - Market forces knock ominously on US realtors’ door
reuters.com/breakingviews/market-forces-knock-ominously-us-realtors-door-2024-04-12/
Barbara Corcoran Says If You Want to Become a Millionaire Do This 1 Thing: 'I Out-Try Anyone'
entrepreneur.com/business-news/barbara-corcoran-says-millionaires-all-do-this-same-thing/472292
The institute building of the HU Berlin is being renovated for 80 million euros: At the prominent intersection of Invalidenstrasse and Chausseestrasse in ...
iz.de/projekte/news/-institutsgebaeude-der-hu-berlin-wird-fuer-80-mio.-euro-saniert-2000024730
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Arge boss warns of “tipping point” in housing construction: More subsidies and a legal framework for slimmed-down construction methods: With these core demands ...
iz.de/politik/news/-arge-chef-warnt-vor-kipppunkt-beim-wohnungsbau-2000024708
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Traffic light agrees to extend the rent cap: The federal government has agreed to extend the rent cap until 2029. This brings an end to a dispute that has been ...
iz.de/politik/news/-ampel-einigt-sich-auf-verlaengerung-der-mietpreisbremse-2000024694
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Quick Glance: FDP and SPD Reach Agreement on Key Issues
- SPD and FDP have reached compromises on key issues, including the extension of the rent control measure until 2029 and the 'Quick-Freeze' data storage procedure.
- Despite additional desired changes in rental law, no specific agreements have been made, raising concerns about the housing market.
- The 'Quick-Freeze' data storage procedure is implemented in cases of suspicion of serious crimes, marking a departure from indiscriminate mass data storage and receiving positive reactions.
- The next steps involve drafting proposals in the Federal Ministry of Justice for data storage and the extension of the rent control measure, which are likely to be approved by the cabinet simultaneously.
Major Munich deals polish up nationwide investment balance in retail: Two major transactions in Munich - Five Höfe and Maximilianstrasse 12-14 - are partly ...
iz.de/maerkte/news/-muenchner-grossdeals-polieren-bundesweite-investmentbilanz-im-handel-auf-2000024579
Broker association Sior wants to grow in Europe: Sior is the US equivalent of Rics. In Germany, the industry association for brokers from the logistics ...
iz.de/unternehmen/news/-maklerverband-siorwill-in-europa-wachsen-2000024637
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A right of usufruct must be eliminated tax-free: Tax law. A consideration paid as a replacement or for the waiver of a usufruct right is not taxable income.
iz.de/recht/news/-ein-niessbrauchrecht-ist-steuerfrei-zu-beseitigen-2000024573
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René Benko apparently protects the family assets: Signa founder René Benko is apparently taking precautions to protect the assets of his wife and children ...
iz.de/unternehmen/news/-ren-benko-sichert-offenbar-das-familienvermoegen-ab-2000024548
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Signa insolvency: Berlin's Upper West high-rise is probably for sale: According to research by Immobilien Zeitung, the brokerage houses JLL and BNPPRE are ...
iz.de/transaktionen/news/-jll-und-bnppre-vermarkten-berliner-hochhaus-upper-west-fuer-signa-2000024725
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WeWork terminates rental agreements in Berlin and Frankfurt: Financially troubled coworking giant WeWork has terminated around 150 leases worldwide as part of ...
iz.de/maerkte/news/-wework-kuendigt-mietvertraege-in-berlin-und-frankfurt-2000024544
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Motel One buys back shares and spins off real estate: Before the medium-term planned IPO, Motel One is buying back shares from the financial investor Proprium ...
iz.de/unternehmen/news/-motel-one-kauft-anteile-zurueck-und-spaltet-immobilien-ab-2000024610
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The first property of the insolvent Project Group has been sold: After the Project Group went bankrupt last year, the first of a total of 35 properties on offer ...
iz.de/transaktionen/news/-erstes-grundstueck-der-insolventen-project-gruppe-ist-verkauft-2000024583
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Vonovia raises 850 million euros on the bond market at 4.25%: The largest German real estate company Vonovia has issued an unsecured social bond worth 850 ...
iz.de/finanzen/news/-vonovia-holt-sich-am-anleihemarkt-850-mio.-euro-zu-425-2000024547
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KKR says China's real estate correction may only be halfway done: China's real estate troubles are likely far from over and industry problems need to be ...
cnbc.com/2024/04/03/kkr-says-chinas-real-estate-correction-may-only-be-halfway-done.html
Hamburg starts third funding route with basic rent of a good 12 euros/sqm: The city of Hamburg introduced a third funding route for rental apartments ...
iz.de/politik/news/-hamburg-startet-dritten-foerderweg-mit-kaltmiete-von-gut-12-euroqm-2000024564
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HIH Invest is further developing the Logpark Leipzig: HIH Invest and Partners Group have completed the purchase of Logpark Leipzig. In the next five years he ...
iz.de/transaktionen/news/-hih-invest-entwickelt-den-logpark-leipzig-weiter-2000024529
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Real estate icon Dennis Wee dies at 71 after battle with cancer: Dennis Wee, heralded as a legend in Singapore's real estate trade, has died on Wednesday ...
asiaone.com/singapore/real-estate-icon-dennis-wee-dies-71-after-battle-cancer
Family offices buy Signa property on Frankfurt's Opernplatz: According to research by Immobilien Zeitung, the company Capital Land bought the property at ...
iz.de/transaktionen/news/-family-offices-kaufen-signa-grundstueck-am-frankfurter-opernplatz-2000024551
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Meag buys Constantin Film headquarters in Munich: The asset manager Meag has acquired the so-called Arte Fabrik in Munich's Schwabing district ...
iz.de/transaktionen/news/-meag-kauft-hauptsitz-von-constantin-film-in-muenchen-2000024525
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Vienna prosecutors are investigating René Benko: The Vienna public prosecutor's office has started an investigation against Signa founder René Benko personally ...
iz-jobs.de/karriere/koepfe/wiener-staatsanwaelte-ermitteln-gegen-rene-benko,2000024868
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Publity sells the Frankfurt Access Tower: Publity has separated from the Access Tower office tower in the Niederrad district of Frankfurt ...
iz.de/transaktionen/news/-publity-verkauft-den-frankfurter-access-tower-2000024911
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Munich wants to expand Sobon to include company apartments: The city of Munich is expanding its model of socially just land use (Sobon) to include company ...
iz.de/politik/news/-muenchen-will-sobon-um-werkswohnungen-erweitern-2000024909
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Where did South Florida homebuyers go? Sales fall by double digits in March: Miami-Dade and Broward saw an annual total home sales drop of about 15% in March ...
miamiherald.com/news/business/real-estate-news/article287773070.html
Clarion buys Panattoni logistics park in Voerde: Clarion Partners Europe has acquired the recently completed Panattoni logistics park in the Lower Rhine ...
iz.de/transaktionen/news/-clarion-kauft-panattoni-logistikpark-in-voerde-2000024782
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Novum Hospitality moves under the umbrella of IHG: The British Intercontinental Hotel Group (IHG) signs a pact with Novum Hospitality from Hamburg ...
iz.de/unternehmen/news/-novum-hospitality-schluepft-unter-das-dach-von-ihg-2000024764
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Gewobag lays the foundation stone for 926 apartments in Berlin-Spandau: The state-owned housing company Gewobag has given the starting signal for one of Berlin's ...
iz.de/projekte/news/-gewobag-legt-grundstein-fuer-926-wohnungen-in-berlin-spandau-2000024876
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Arab mega-project The Line will probably be smaller at first: Saudi Arabia has apparently scaled back its medium-term plans for the futuristic city The Line ...
iz.de/innovationen/news/-arabisches-megaprojekt-the-line-faellt-wohl-zunaechst-kleiner-aus-2000024861
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Property Developer Debt Collection Enters New Phase With Shimao Liquidation: A unit of China Construction Bank has asked a court to liquidate Shimao Group ...
seekingalpha.com/article/4684207-deadbeat-developer-debt-collection-enters-new-phase-with-shimao-liquidation
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Realtors in expansion mode amid rising consumption, income levels: Study: India's real estate sector is set to reach $1.5 trillion by 2034, accounting for 10 ...
business-standard.com/industry/news/realtors-in-expansion-mode-amid-rising-consumption-income-levels-study-124041700537_1.html
Bavaria's Free Voters present an immediate program for housing construction: The Free Voters faction in the Bavarian state parliament wants to support housing ...
iz.de/politik/news/-bayerns-freie-waehler-legen-sofortprogramm-fuer-wohnungsbau-vor-2000024778
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Real estate financiers are in a better mood again: At the beginning of 2024 there is a recovery in the German real estate financing index (Difi) ...
iz.de/finanzen/news/-immobilienfinanzierer-sind-wieder-besser-gestimmt-2000024777
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Praise for agreement on tenant electricity: The agreement on a solar package is met with goodwill in the industry. According to the GdW ...
iz.de/politik/news/-lob-fuer-einigung-beim-mieterstrom-2000024770
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San Diego's dubious real estate record slows shelter plan: Questions nag the city as it seeks to open a new facility to serve homeless people in a long-vacant ...
sandiegouniontribune.com/news/watchdog/story/2024-04-14/stung-by-rash-of-poor-real-estate-deals-san-diego-mayor-struggles-to-generate-support-for-new-homeless-shelter
Hotel conference IHIF should serve as an icebreaker for investors: More than 2,200 decision-makers from the hotel industry are represented at the International ...
iz.de/maerkte/news/-hotelkongress-ihif-soll-als-eisbrecher-fuer-investoren-dienen-2000024755
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Renovation rate would have to double to achieve climate goals: Double the renovation rate, renovate more thoroughly and invest more money in funding - Only with ...
iz.de/politik/news/-sanierungsrate-muesste-sich-zum-erreichen-der-klimaziele-verdoppeln-2000024754
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Opinion: It’s time to end the quiet cruelty of property taxes: Property taxes, the lifeblood of local governments and school districts, are one of the most ...
sltrib.com/opinion/commentary/2024/04/14/opinion-its-time-end-quiet-cruelty/
Housing market remains ‘stagnant’ as mortgage rates surge, Rocket CEO says: 30-year mortgage rate soars past 7% again on the back of hotter-than-expected CPI ...
marketwatch.com/story/housing-market-remains-stagnant-as-rates-surge-due-to-hotter-than-expected-inflation-rocket-ceo-says-c5f7eddb
In the case of penalty clauses, it is the earnings that count, not the contract sum
iz.de/recht/news/-bei-strafklauseln-zaehlt-der-verdienst-nicht-die-auftragssumme-2000024574
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The apartment becomes bait: Employee housing is back. In response to the skilled workers and the housing shortage, companies in all sectors are turning to this ...
iz.de/maerkte/news/-die-wohnung-wird-zum-koeder-2000024543
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The tenant's right of access takes precedence over the protection of property: Tenancy law. Even if there is fear of damage, it is reasonable for a landlord to ...
iz.de/recht/news/-zutrittsrecht-des-mieters-geht-dem-schutz-des-eigentums-vor-2000024576
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Money from the state can result in awards: Procurement law. Chambers of crafts are not public clients. Grants for projects may still require the tendering of ...
iz.de/recht/news/-geld-vom-staat-kann-vergabe-nach-sich-ziehen-2000024572
The EU Buildings Directive can come into force: After the European Parliament, the EU Council of Ministers also approved the revised EU Buildings Directive this ...
iz.de/politik/news/-die-eu-gebaeuderichtlinie-kann-in-kraft-treten-2000024742
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Sales on the Leipzig office market fall by 10%: There were hardly any major lettings on the Leipzig office market in the first quarter ...
iz.de/maerkte/news/-umsatz-am-leipziger-bueromarkt-sinkt-um-10-2000024739
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The rise in construction prices is slowing down: The weakness of the construction industry and falling or stagnating material prices could slow the increase in ...
iz.de/maerkte/news/-der-baupreisanstieg-verlangsamt-sich-2000024731
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Broker network Dave is growing in Düsseldorf: Böcker Wohnimmobilien from Düsseldorf is Dave's 13th partner. This means that the broker network is present at 40 ...
iz.de/unternehmen/news/-maklernetzwerk-dave-waechst-in-duesseldorf-2000024733
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Expansion: Premier Inn rents hotel project in Hamburg-St. George: Premier Inn has announced the signing of a lease for its seventh location in the Hanseatic city ...
iz.de/transaktionen/news/-premier-inn-mietet-hotelprojekt-in-hamburg-st.-georg-2000024693
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In 2040, Heidelberg will have the youngest population in Germany: A Bertelsmann study says that the university town of Heidelberg will have the lowest median age ...
iz.de/maerkte/news/-2040-hat-heidelberg-die-juengste-bevoelkerung-deutschlands-2000024627
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Unibail can only open Hamburger Überseequartier in August: The opening of the Westfield Überseequartier in Hamburg's Hafencity, which was announced for April ...
iz.de/projekte/news/-unibail-kann-hamburger-ueberseequartier-erst-im-august-eroeffnen-2000024710
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Major deal saves quarterly balance sheet on the hotel investment market: The investment market for hotels remains subdued. The major commercial brokers reported ...
iz.de/maerkte/news/-grossdeal-rettet-quartalsbilanz-am-markt-der-hotelinvestments-2000024709
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Demand for more money for housing stock in the eastern German provinces: For the first time, the socially organized housing associations in East Germany have ...
iz.de/projekte/news/-forderung-nach-mehr-geld-fuer-wohnungsbestand-in-der-ostdeutschen-provinz-2000024701
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In some cities the hotel market is still suffering from Long Covid: The German hotel market has recovered overall after the Corona crisis. But not all locations ...
iz.de/maerkte/news/-in-manchen-staedten-leidet-der-hotelmarkt-noch-an-long-covid-2000024705
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Austrian Real Estate buys land next to Munich Timber Factory: The state-owned Austrian real estate group Austrian Real Estate (ARE) is expanding the Timber ...
iz.de/transaktionen/news/-austrian-real-estate-kauft-gelaende-neben-muenchner-timber-factory-2000024700
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Groundbreaking ceremony for Tesvolt Gigafactory in Lutherstadt Wittenberg: Tesvolt is investing around 30 million euros in the construction of a gigafactory for ...
iz.de/projekte/news/-spatenstich-fuer-tesvolt-gigafactory-in-lutherstadt-wittenberg-2000024622
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Housing construction in Mecklenburg-Western Pomerania is crumbling: In Mecklenburg-Western Pomerania, residential building permits fell by 36% in 2023 ...
iz.de/politik/news/-wohnungsbau-in-mecklenburg-vorpommern-broeckelt-2000024600
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Are The Stars Finally Aligned For U.S. Financial Stocks?: Market and industry trends are shining on US financial stocks, whose fortunes might be changing for the ...
seekingalpha.com/article/4682865-are-the-stars-finally-aligned-for-us-financial-stocks
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Engel & Völkers expands in Belgium: The franchise broker Engel & Völkers is expanding its activities in Brussels and the Belgian region of Walloon Brabant with ...
iz.de/unternehmen/news/-engel--voelkers-expandiert-in-belgien-2000024581
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Up to 72% rent increase in ten years in Baden-Württemberg's cities: In the cities of Baden-Württemberg, the asking rents for living space have risen sharply over ...
iz.de/maerkte/news/-bis-zu-72-mietplus-in-zehn-jahren-in-baden-wuerttembergs-staedten-2000024582
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eXp World Holdings: Trough Earnings, But Expensive: eXp World Holdings is a cloud-based real estate brokerage that challenges the need for physical locations ...
seekingalpha.com/article/4682669-exp-world-holdings-trough-earnings-but-expensive
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In some cases, brokers see a plateau in returns for commercial properties has been reached
iz.de/maerkte/news/-makler-sehen-teils-plateau-bei-renditen-fuer-gewerbeimmobilien-erreicht-2000024568
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Hamburg enforces right of first refusal for former Karstadt in Harburg: As part of an out-of-court settlement, the state property management and property ...
iz.de/transaktionen/news/-hamburg-setzt-vorkaufsrecht-fuer-ex-karstadt-in-harburg-durch-2000024565
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