February 1, 2008
Real-Estate Credit Crisis Squeezes Macklowe
BY JENNIFER S. FORSYTH
New York real-estate titan Harry Macklowe has reached a tentative agreement with his lender to turn over effective control of seven Manhattan office buildings he acquired less than a year ago for $7 billion, according to people familiar with the matter.
http://online.wsj.com/article/SB120181345769733089.html
Friday, February 1, 2008
Thursday, January 31, 2008
Jersey Property Unit Trusts
Jersey Property Unit Trusts
January 2008
Unit Trusts
A Unit Trust is a legal structure where the legal ownership of trust assets is held by a Trustee on trust for the benefit of unitholders. Unit Trusts may be established in Jersey subject to the provisions of the Trusts (Jersey) Law 1984. Under Jersey law, a Unit Trust must be constituted by a written trust instrument. The Unit Trust instrument sets out the terms on which the Trustee holds the Unit Trust assets.
January 2008
Unit Trusts
A Unit Trust is a legal structure where the legal ownership of trust assets is held by a Trustee on trust for the benefit of unitholders. Unit Trusts may be established in Jersey subject to the provisions of the Trusts (Jersey) Law 1984. Under Jersey law, a Unit Trust must be constituted by a written trust instrument. The Unit Trust instrument sets out the terms on which the Trustee holds the Unit Trust assets.
Thursday, January 17, 2008
Russian Classification of Reserves
From http://www.novatek.ru/eng/news_center/clas/
Russian Classification of Reserves
The estimation of reserves of natural gas, gas condensate and crude oil can be broken down into two components: (i) geological reserves, or the quantities of natural gas, gas condensate and crude oil contained in the subsoil and (ii) extractable reserves, or the portion of geological reserves whose extraction from the subsoil as of the date the reserves are calculated is economically efficient given market conditions and rational use of modern extraction equipment and technologies and taking into account compliance with the requirements of subsoil and environmental protection.
Russian Classification of Reserves
The estimation of reserves of natural gas, gas condensate and crude oil can be broken down into two components: (i) geological reserves, or the quantities of natural gas, gas condensate and crude oil contained in the subsoil and (ii) extractable reserves, or the portion of geological reserves whose extraction from the subsoil as of the date the reserves are calculated is economically efficient given market conditions and rational use of modern extraction equipment and technologies and taking into account compliance with the requirements of subsoil and environmental protection.
Wednesday, January 16, 2008
Blls and coins
Blls and coins
| Description | Clipart of bills and coins |
| Date | January 16, 2008 |
| Source | Wikimedia Commons |
| Author | Unknown (original PNG). This vectorization by Mysid |
| Camera location | . |
| Permission | Public Domain |
| Licensing | The copyright holder of this work has released this work into the public domain. This applies worldwide. In some countries this may not be legally possible; if so: The copyright holder grants anyone the right to use this work for any purpose, without any conditions, unless such conditions are required by law. |
From Wikimedia Commons http://commons.wikimedia.org/
Sunday, January 6, 2008
Harry Macklowe’s $6.4 Billion Bill
Harry Macklowe’s $6.4 Billion Bill
By CHARLES V. BAGLI and TERRY PRISTIN
Published: January 6, 2008
IN August 2003, Harry B. Macklowe raced from lender to lender to round up a record-breaking $1.4 billion to buy the General Motors Building, the 50-story commercial skyscraper in Midtown Manhattan that is one of New York’s trophy properties.
http://www.nytimes.com/2008/01/06/business/06harry.html
By CHARLES V. BAGLI and TERRY PRISTIN
Published: January 6, 2008
IN August 2003, Harry B. Macklowe raced from lender to lender to round up a record-breaking $1.4 billion to buy the General Motors Building, the 50-story commercial skyscraper in Midtown Manhattan that is one of New York’s trophy properties.
http://www.nytimes.com/2008/01/06/business/06harry.html
Friday, November 9, 2007
Weak dollar boosts Frankfurt property demand - CBRE
Weak dollar boosts Frankfurt property demand - CBRE
By Peter Starck
FRANKFURT | Fri Nov 9, 2007 9:33 am EST
Nov 9 (Reuters) - The weak dollar is boosting demand for real estate in Frankfurt, Germany's financial capital, as U.S. investors chase less risky assets, property consultancy CB Richard Ellis (CBG.N) said.
(Read More: Weak dollar boosts Frankfurt property demand - CBRE)
By Peter Starck
FRANKFURT | Fri Nov 9, 2007 9:33 am EST
Nov 9 (Reuters) - The weak dollar is boosting demand for real estate in Frankfurt, Germany's financial capital, as U.S. investors chase less risky assets, property consultancy CB Richard Ellis (CBG.N) said.
(Read More: Weak dollar boosts Frankfurt property demand - CBRE)
Friday, October 26, 2007
An introduction to Jersey property unit trusts (JPUTs)
An introduction to Jersey property unit trusts (JPUTs)
25 October 2007
http://tax.practicallaw.com/0-378-8553
Nick Kershaw of Ogier explains what Jersey property unit trusts (JPUTs) are, how they are established and why they are used for holding UK property. This practice note considers the current advantages of using JPUTs and contains a table comparing and contrasting JPUTs with UK real estate investment trusts (REITs).
25 October 2007
http://tax.practicallaw.com/0-378-8553
Nick Kershaw of Ogier explains what Jersey property unit trusts (JPUTs) are, how they are established and why they are used for holding UK property. This practice note considers the current advantages of using JPUTs and contains a table comparing and contrasting JPUTs with UK real estate investment trusts (REITs).
Tuesday, July 10, 2007
Chile's Mining Industry
Chile's Mining Industry
Throughout Chile’s history, mining has consistently been a leading industry in the country. The 1990s marked the beginning of a boom in Chile’s mining industry, especially in copper mining, principally due to FDI in the sector. In this time period Chile had one of the fastest growing economies in the world and mining accounted for 8.5% of the GDP and 47% of exports (source: Encyclopedia of the Nations). Thanks to continual amendments of the mining industry framework and an investor-friendly environment, the industry is still strong and profitable for investors. Moreover, the ongoing establishment of new technologies, including those aiming to take better care and advantage of Chile’s natural resources, promises the mining sector will continue to prosper in years to come.
Throughout Chile’s history, mining has consistently been a leading industry in the country. The 1990s marked the beginning of a boom in Chile’s mining industry, especially in copper mining, principally due to FDI in the sector. In this time period Chile had one of the fastest growing economies in the world and mining accounted for 8.5% of the GDP and 47% of exports (source: Encyclopedia of the Nations). Thanks to continual amendments of the mining industry framework and an investor-friendly environment, the industry is still strong and profitable for investors. Moreover, the ongoing establishment of new technologies, including those aiming to take better care and advantage of Chile’s natural resources, promises the mining sector will continue to prosper in years to come.
Thursday, May 31, 2007
The King of Hedge Fund Alley
The King of Hedge Fund Alley
by Adam Piore
May 31, 2007 | 12:00 am EDT
Not so long ago, Harry Macklowe was perhaps best known for his long-running feud with billionaire homemaker Martha Stewart.
Throughout the mid-1990s, the two East Hampton, New York, neighbors engaged in a thorny battle over the size of Macklowe’s hedges, his lighting fixtures, and a fence that Stewart complained blocked her view of a pond. The feud cost hundreds of thousands of dollars in legal fees and became juicy tabloid fodder when Macklowe’s 23-year-old handyman accused Stewart of pinning him against a gate control box with her Chevy Suburban.
http://upstart.bizjournals.com/executives/features/2007/05/31/The-King-of-Hedge-Fund-Alley.html
by Adam Piore
May 31, 2007 | 12:00 am EDT
Not so long ago, Harry Macklowe was perhaps best known for his long-running feud with billionaire homemaker Martha Stewart.
Throughout the mid-1990s, the two East Hampton, New York, neighbors engaged in a thorny battle over the size of Macklowe’s hedges, his lighting fixtures, and a fence that Stewart complained blocked her view of a pond. The feud cost hundreds of thousands of dollars in legal fees and became juicy tabloid fodder when Macklowe’s 23-year-old handyman accused Stewart of pinning him against a gate control box with her Chevy Suburban.
http://upstart.bizjournals.com/executives/features/2007/05/31/The-King-of-Hedge-Fund-Alley.html
Tuesday, May 8, 2007
Launch of Adagio City Aparthotel
Launch of Adagio City Aparthotel
Oct 05, 07 | 7:56 am
Groupe Pierre & Vacances and Accor have launched Adagio City Aparthotel, a city residence brand, which is now being marketed on www.adagio-city.com, www.pv-holidays.com and www.accorhotels.com.
http://ehotelier.com/hospitality-news/item.php?id=A12128_0_11_0_M
Oct 05, 07 | 7:56 am
Groupe Pierre & Vacances and Accor have launched Adagio City Aparthotel, a city residence brand, which is now being marketed on www.adagio-city.com, www.pv-holidays.com and www.accorhotels.com.
http://ehotelier.com/hospitality-news/item.php?id=A12128_0_11_0_M
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