Monthly Archives: September 2014

U.S. Office Sector Plods Ahead

Posted by WSJ on September 30, 2014
Wall Street Journal / Comments Off on U.S. Office Sector Plods Ahead
U.S. office rents and occupancies inched higher in the third quarter, as a gradual improvement in the overall economy is translating into a sluggish recovery in the office sector.

Buy a Property, Get a Passport

Posted by WSJ on September 30, 2014
Wall Street Journal / Comments Off on Buy a Property, Get a Passport
With lending still tight in the Caribbean, several island nations are embracing an unorthodox method of financing resort and villa projects: selling citizenship.

News Corp to Buy Move Inc.

Posted by WSJ on September 30, 2014
Wall Street Journal / Comments Off on News Corp to Buy Move Inc.
News Corp agreed to buy online real-estate listings business Move Inc. in an all-cash deal valued at about $950 million, expanding the media company's presence in the U.S. real-estate market.

Expectations for Rise in Rates Pummel REITs

Posted by WSJ on September 30, 2014
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Real-estate investment trusts posted their worst quarterly performance in a year and lagged behind the broader stock market in the third quarter as investors bet interest rates would rise over the next year.

Wynn says gambling not key to casinos’ success — it’s everything else

Posted by Las Vegas Sun Stories: Business and Economy on September 30, 2014
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Wynn delivered a keynote address to a packed crowd at the first full day of the Global Gaming Expo, or G2E, at the Sands Expo. Much of his remarks focused on revenue sources aside from gambling, an area to which the casino industry has shifted attention ...

Haiti Pitches a Ritzy Oasis on an Island of Misfortune

Posted by WSJ on September 30, 2014
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The Haitian government is seeking partners for a seemingly daunting task: building a world-class resort destination in one of the world's poorest countries.

China’s Bahamas Project Hits Hurdles

Posted by WSJ on September 30, 2014
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China's largest overseas commercial real-estate project has been overshadowed by delays and labor clashes, dulling the buzz surrounding the Bahamian venture and threatening to undermine future business.

Poker player accused of violating commodities trading ban

Posted by Las Vegas Sun Stories: Business and Economy on September 30, 2014
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Last fall, Las Vegas poker player and investor Daniel Shak was hit with a $400,000 penalty and trading ban after he was accused of attempting to manipulate oil markets. But, regulators claim, he didn’t ...

Tony Hsieh steps down from lead role at Downtown Project

Posted by Las Vegas Sun Stories: Business and Economy on September 30, 2014
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Tony Hsieh, Zappos CEO and founder of the ambitious startup-city development Downtown Project in Las Vegas, stepped down as leader of the project a few weeks ago, sources close to the project told Re/code, which has ...

5 Nevadans on Forbes list of the nation’s richest

Posted by Las Vegas Sun Stories: Business and Economy on September 30, 2014
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Nevada is home to five billionaires, and even non-gamblers could wager where the money comes from. Four of the state’s billionaires made their money in gaming, according to ...