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Tag: property
Shifting Bank Branch Strategies Impact Property Owners, Investors
2015-03-11 18:05:20| National Real Estate Investor
JP Morgan Chase plans to shutter roughly 300 branches by the end of 2016. The nations largest bank is looking to cut costs and optimize its branch network, and the branch closures represent roughly 5 percent of its overall footprint. It plans to change how it services its retail customers by emphasizing mobile banking and more tech-savvy automated teller machines. read more
Tags: property
owners
impact
bank
Major Hyundai investor to vote against some directors over property deal-source
2015-03-11 14:48:53| Automakers - Topix.net
The second-largest shareholder in Hyundai Motor Co and its two affiliates will vote against the reappointment of some board members who last year approved buying a Seoul property for $10 billion or three times its appraised value, a person with direct knowledge of the matter said on Wednesday. Opposition by the National Pension Service is unlikely to change the structure of the boards at Hyundai and affiliates Kia Motor and Hyundai Mobis because the government-run fund holds less than 10 percent in each company, the source said.
Tags: major
property
vote
directors
Reducing the risk for Property Professionals of money laundering in UK real estate
2015-03-11 09:53:52| Real Estate - Topix.net
Transparency International UK, the anti-corruption organisation, highlighted the risk of money laundering in the high-end UK real estate market in its report published last week. The problem is not new, but the report is a stark reminder of the risks faced and often ignored or misunderstood by property professionals and the need for them to implement, review and stress test their businesses' anti-money laundering controls.
Simon Property Group launches $16B hostile bid for Macerich
2015-03-09 16:08:07| Real Estate - Topix.net
Simon Property Group has launched a hostile bid worth about $16 billion for Macerich Co. after saying the rival mall operator refused to discuss a combination.
Tags: group
property
bid
simon
IRS Regulations on Tangible Property Affect Contractors
2015-03-09 16:01:00| Electrical Construction & Maintenance
Tax regulations affecting what can be expensed and what must be depreciated are in affect for 2014 filings. Content Classification: Curated read more
Tags: property
affect
regulations
contractors
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