For the first time since the U.S. housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate.
As the luxury bus ferried a dozen of his clients past building sites, Miami property consultant Peter Zalewski rattled off names of 50 area high-rises being financed by money from Venezuela, Hong Kong and Argentina.
A group of 44 former high-ranking U.S diplomats, civil servants, military officers and Cuban-American businessmen is calling on President Barack Obama to further loosen a half-century embargo on the Communist regime in Cuba.
Cemex SAB, the largest cement maker in the Americas, scrapped a $650 million bond offering today as Europe’s debt crisis eroded demand for higher-yielding debt and undermined the company’s efforts to refinance bank loans.
Cemex SAB, the largest cement maker in the Americas, has paid off more than half of a $15 billion bank loan, allowing the company to avoid an increase in interest rates that was set to take effect at year-end.