Tag Archives: property

London luxury property is still glitzy for Middle East investors

London mayor: U.K. has no game plan on Brexit The weak pound and falling prices are encouraging Middle East investors to continue to pour millions into London luxury real estate despite concerns about Brexit. “They love London,” said Niccolo Barattieri di San Pietro, CEO of luxury property developer Northacre, which is owned by the Abu Dhabi Financial Group. “They want to send their kids there, they speak the language, they understand the legal system.” Northacre started selling units at The Broadway in London last week. The development consists of 285 ...

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Why shuttered hospitals are hot property

LOS ANGELES — When Juana Monroy moved into Hollenbeck Terrace in 2015, she learned that the towering senior apartment building was once a busy hospital that had appeared in dozens of movies and television shows. Then she heard the rumors that the old Linda Vista Community Hospital building was haunted. “I was a little scared,” said Monroy, 60. But she hasn’t seen a ghost yet, and now she loves living in a building with such history. Across the country, hospitals that have shut their doors are coming back to life ...

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The property manager and Putin's friends

8 Min Read LONDON/MOSCOW (Reuters) – A little-known Russian businessman from St Petersburg has provided properties to multiple women who share one common theme: President Vladimir Putin. One of the women is Putin’s younger daughter; two are close relatives of a woman Russian media have reported to be Putin’s girlfriend – though the president has strongly denied any relationship.  And a fourth is a student who posed for a calendar celebrating the president’s birthday. All of the properties are in upmarket gated complexes in and around Moscow. Public records show Grigory Baevsky, ...

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Trump's strategy to cut property taxes — his own

Trump’s property tax strategy hurts local governments Donald Trump has repeatedly said he pays “tremendous” amounts in taxes, but when it comes to his properties, he fights to pay as little tax as possible. And that often comes with a cost to the towns or cities where Trump owns property. A CNN review of more than two-dozen U.S. properties owned or partially owned by Donald Trump, in which tax records could be obtained, has found Trump has filed appeals, petitions or challenges to lower the taxable value in all but ...

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Samsung is refusing to pay for property damage caused by its exploding Note 7 phone

When Samsung began recalling the Galaxy Note 7, we praised the company’s quick action and willingness to address the problems caused by its device. The need for a second recall and the complete cancellation of the Note 7 was a bit harder to compliment, but at least the company hadn’t tried to hide from its own problems… until evidence surfaced that the company was definitely trying to sweep its problem under the rug. Now, adding insult to injury, Samsung is trying to get out of paying for the property damage ...

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Brexit: Singapore bank suspends London property loans

Why this British town voted to leave the EU A top Singaporean bank has stopped providing loans for London property purchases after the U.K. voted to leave the European Union. United Overseas Bank (UOVEF) has put a temporary hold on foreign property loan applications amid continuing Brexit fallout, and said it was encouraging clients to exercise caution. “As the aftermath of the U.K. referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments,” said Jean Khong, a spokeswoman for ...

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UK in 'anti-corruption' property shake-up

Foreign firms that own property in the UK will have to declare their assets publicly in a bid to stamp out money-laundering, the government says. Companies will have to be on a new register if they hold property or want to compete for government contracts. The move comes as Prime Minister David Cameron attempts to lead a wider effort to crack down on global corruption. World leaders are gathering in London for a summit aimed at stepping up action to tackle the problem. The event is hailed as the first ...

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Blizzard claims it shut down classic World of Warcraft server to protect its intellectual property

Earlier this month, Blizzard shut down the third-party vanilla World of Warcraft server, Nostalrius. Nostalrius was a user-created project that ran a version of WoW that’s impossible to play today — the vanilla game that existed just before The Burning Crusade was released back in 2007. Today, World of Warcraft’s executive producer and vice president, J. Allen Brack, released a substantial community post addressing the issues and concerns surrounding the shutdown of the Nostalrius server. He writes: Why not just let Nostalrius continue the way it was? The honest answer ...

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The property manager and Putin's friends

A little-known Russian businessman from St Petersburg has provided properties to multiple women who share one common theme: President Vladimir Putin. One of the women is Putin’s younger daughter; two are close relatives of a woman Russian media have reported to be Putin’s girlfriend – though the president has strongly denied any relationship.  And a fourth is a student who posed for a calendar celebrating the president’s birthday. All of the properties are in upmarket gated complexes in and around Moscow. Public records show Grigory Baevsky, a 47-year-old business associate of an ...

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The property manager and Putin's friends

A little-known Russian businessman from St Petersburg has provided properties to multiple women who share one common theme: President Vladimir Putin. One of the women is Putin’s younger daughter; two are close relatives of a woman Russian media have reported to be Putin’s girlfriend – though the president has strongly denied any relationship.  And a fourth is a student who posed for a calendar celebrating the president’s birthday. All of the properties are in upmarket gated complexes in and around Moscow. Public records show Grigory Baevsky, a 47-year-old business associate of an ...

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