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At least 11 lenders have suffered more than $90 million of losses as a result of alleged fraud by a group of Tokyo real estate developers.
February 16, 2000 Associated Press/ASIA WorldSources Inc.HONG KONG – The Sino Group surprised the market here yesterday by offering for sale the first batch of 68 units in its new luxury residential project in Siu Sai Wan at a lower ...
February 16, 2000 NEW YORK – Sonnenblick-Goldman Co. has opened an office in Tokyo in an effort to broaden its Asian reach. The office is led by Roger Griffin, formerly co-manager of the firm's Hong Kong office. Sonnenblick-Goldman's Tokyo office ...
February 15, 2000 Associated PressTOKYO – L Kakuei Corp., a Tokyo real estate developer, filed for court bankruptcy protection on today, according to a Japanese credit research agency. L Kakuei applied to the Tokyo District Court under the corporate bankruptcy ...
February 11, 2000 Associated PressSEOUL, South Korea – Korea Asset Management Corp. has launched road shows in the United States and Europe to sell bad loans and real estate purchased from South Korean financial institutions. Kamco will hold the road ...
Garibaldi Group and Gale & Wentworth have formed an alliance with King Sturge of London, giving them an instant presence in Europe. They will now be able to bring European investors to the States, and take U.S. investors to Europe.
February 10, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterMerrill Lynch International is leading a ?235 million (US$379.4 million) securitization deal in England, among the first of what many industry watchers expect to be many overseas deals.Collateral is made up ...
February 9, 2000 Associated PressTOKYO (Kyodo) – A former vice president of ANA Real Estate Co. who was questioned by prosecutors in connection with a fraud case has committed suicide at a Tokyo hotel, investigative sources said today. The former ...
February 9, 2000 CHICAGO – Heitman International, Crow Holdings International, Lehman Brothers Inc. and Wallis Real Estate have formed a $70-million joint venture to develop an industrial park in Budapest, Hungary.The 2 million square-foot Harbor Park will be built on ...
February 9, 2000 Associated Press/ASIA WorldSources Inc.BANGKOK, Thailand – Ritz-Carlton and Renaissance, the two luxury hotel chains of the Marriott group, are conducting talks with local hotel property owners over the possibility of new management contracts, Ed Hubennette, vice president ...
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