March 29, 2024
Property

China’s Property Crisis Is Bleeding Into Its Banking Sector

Angle down icon An icon in the shape of an angle pointing down. A residential area in Nanjing, East China’s Jiangsu province, on January 29, 2024. Costfoto/NurPhoto/Getty Images China’s property crisis has impacted the country’s biggest banks, increasing non-performing loans. Beijing is urging banks to boost financing for “white list” property developers to help the

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Property

Property developer China Vanke plans to cut debt, boost cashflow — TradingView News

China Vanke 000002 said on Friday it aimed to boost its cashflow by slashing debt and lifting income from businesses other than property development as it sees continued margin pressure in 2024 and 2025 during a market correction. Investors have been dumping shares and bonds of China’s second-largest property developer by sales in the past

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Property

Troubled Chinese property giant Country Garden misses results

CNN — Hong Kong (CNN) — Troubled housing giant Country Garden announced late Thursday that it would delay the publication of its annual results, in the latest sign of the turmoil still coursing through China’s huge property sector. In a filing provided to the Hong Kong stock exchange, the company said it needed more time

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Property

Fairfax children’s center property deal approved by school district

After two years of controversy, Ross Valley School District trustees have agreed to sell the property that houses the Fairfax-San Anselmo Children’s Center. The board of trustees voted 5-0 Wednesday in favor of selling the district-owned property inside Deer Park in Fairfax to the nonprofit Seiderman Legacy Children’s Fund for $2 million. The agreement specifies

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Property

Georgia House passes inflation-based cap on property assessments

The Georgia House on Thursday backed a measure to cap how much home assessments can go up each year at the rate of inflation in an effort to tamp down property tax increases. The House voted 164-2 for House Bill 581, which also would allow all local governments to use revenue from a 1-cent sales

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Property

Crow Wing County property value notices and tax statements mailed – Pine and Lakes Echo Journal

BRAINERD — Crow Wing County property owners will receive both their annual notice of property valuation and classification for taxes payable next year, and the tax statement for taxes due this year in the mail. Both the valuation notice and the tax statement will arrive in one envelope. Notice of property valuation and classification Shows

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Property

County Officials Meet to Give Local Government Updates – Memphis Democrat

 By Echo Menges  Elected Scotland County officials gathered in the commission’s chambers at the courthouse to deliver their quarterly updates last week, on Thursday morning, March 21, 2024. During the public meeting, each official delivered an update for their office.  Commission  The Commissioners kicked off the meeting sharing their plans to purchase the red pickup

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Property

Trademark to Transform DFW Shopping Center Into Mixed-Use Property

Trademark Property Co. will move forward with the redevelopment of Lincoln Square, a 470,000-square-foot shopping center in Arlington, Texas. The developer plans to transform the outdated retail center into a mixed-use development with office, retail, hotel, entertainment and residential spaces. Anthem will take shape at the southwest corner of Collins Street and Interstate 30. Image

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Property

State-owned ‘captive’ insurer of school property recommended as solution for rising premiums | The Arkansas Democrat-Gazette

Arkansas should start its own special-purpose insurance company to stem rising property insurance premiums for the public schools and higher education institutions, a consultant hired by the state Bureau of Legislative Research said Wednesday in a report to a legislative panel. Arkansas should start its own “special-purpose insurance captive that retains all the losses within

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Property

California wheelchair-bound senior, 102, ordered to scrub graffiti off his property or face $1.2K fine from the City of Oakland

US News By Richard Pollina Published March 28, 2024, 2:05 a.m. ET A 102-year-old wheelchair-bound Oakland man was ordered to paint over his vandalized fence with his 70-year-old son or face a hefty fine worth thousands. Victor Silva painted over the black and red graffiti on the back fence of his home he had lived

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