Javier Usua and Ruth Graneda never got out of the car when they visited Sanchinarro and Las Tablas, two of Madrid’s biggest new suburban developments. The concrete-block buildings and empty streets were all they needed to see.
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MILAN (Thomson Financial) - Pirelli Real Estate SpA will finalize a further acquisition in Germany after which it plans to enter two new countries per year the first of which will be Romania and Bulgaria around the summer, said CEO Carlo Puri Negri.
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The new line is part of what planners foresee as a network of high-speed railways stretching from Barcelona in northeastern Spain to Budapest in Hungary.
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Oversupply is expected to lead to Spain’s first decline in home prices since 1992, which could spur higher delinquencies as buyers face difficulty refinancing.
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June 6 (Bloomberg) — Javier Usua and Ruth Graneda never got out of the car when they visited Sanchinarro and Las Tablas, two of Madrid’s biggest new suburban developments. The concrete-block buildings and empty streets were all they needed to see.
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LOS ANGELES–(BUSINESS WIRE)–Today, a historic agreement was signed between the Libyan government and affiliates of Colony Capital, LLC in which Colonyoil Co. LLC has agreed to acquire Tamoil and Oilinvest, one of Europe’s largest international oil refining and distribution companies.
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Discovery Land Co. of Scottsdale has developed 14 luxury golf communities from the Bahamas to Hawaii and sold $2.34 billion of real estate since 2001.
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Realia, a Spanish real estate group, on Tuesday raised less than expected from its initial public offering as investor interest in Spain’s slowing property market wanes.
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June 5 (Bloomberg) — Francisco Parames, Spain’s best- performing fund manager for the last five years, got a hand- written note from Warren Buffett a few months ago seeking advice on investing in Spain. He was thrilled to be asked, even though he isn’t enthusiastic about the country’s economy.
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Spain midfielder Cesc Fabregas is likely to leave Arsenal if manager Arsene Wenger departs.
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