HONG KONG – Some 1.1 billion yuan ($174 million) of asset-back notes guaranteed by Shimao Group may not be redeemed on maturity next month, the trustee of the notes said…
BOSTON – A Tewksbury real estate developer was sentenced yesterday in federal court in Boston for defrauding the government of more than $480,000 by engaging in a multi-year tax evasion…
HONG KONG – Shares of cash-strapped Chinese property developer Shimao Group eased on Thursday, after it sought to extend payments of a $947 million trust loan and reports said that…
BEIJING – Chinese Developer Yango Group Co Ltd has reached agreement with investors to delay a 40 million yuan ($6.29 million) onshore coupon payment by six months, a source with…
HONG KONG – Shares of cash-strapped Shimao Group rose on Monday after the Chinese developer and its chairman sold a Shanghai hotel and a stake in a Hong Kong development,…
Burlington County Prosecutor Scott Coffina announced that a New York developer who purchased a historic Riverside commercial building to create luxury apartments in the seven-story landmark has pled guilty to…
A major credit ratings firm declared that real estate giant China Evergrande was in default on Thursday, creating the potential for the communist country’s financial system to take a significant…
RALEIGH, N.C. – A Raleigh man was sentenced today to ten years in prison on charges of Wire Fraud, in violation of Title 18, United States Code, Section 1343, and…
TOMS RIVER, NJ – With no solid plan on the table to build more hi-rise apartment complexes in Downtown Toms River, the township council voted to extend the timetable for…
A Dallas real estate developer was sentenced today to eight years in federal prison for bribing two former Dallas City Council members, Carolyn Davis and Dwaine Caraway, Acting U.S. Attorney…
Days after recusing himself from a Planning Board hearing for prominent Lakewood developer, Flemming hosts fundraiser with private school developer at Jackson golf course he owns. JACKSON, NJ – Jackson…