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China property portal SouFun seeks backdoor mainland listing

  Bloomberg SouFun Holdings Ltd. plans to switch its stock listing from the U.S. to China, joining companies including Dalian Wanda Commercial Properties Co. that are seeking higher valuations on mainland stock exchanges. SouFun, China’s biggest real estate web portal, is seeking to move its shares to the Shanghai stock exchange via an asset and share swap with storage-battery manufacturer ...

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Blackstone in talks for Sime Darby’s Oz assets

  Bloomberg Blackstone Group LP is in talks to acquire industrial property assets in Australia valued at about A$250 million ($190 million) from Malaysian palm-oil producer Sime Darby Bhd., according to people familiar with the matter. The New York-based private equity firm is in discussions to acquire as many as five industrial buildings in Australia, the people said, asking not ...

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Manhattan’s condo developer speeds up in slowing market

  Bloomberg While a luxury-condo glut spurs some of New York’s biggest developers to re-evaluate their plans, a relative newcomer is plowing ahead with confidence. Michael Shvo, a former real estate broker who closed his eponymous firm during the financial crisis, says he has about $4.3 billion worth of apartments under development and two more sites in contract. He’s trying ...

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