KUALA LUMPUR (Nov 19): The Park Lane Hotel located in New York City can be sold to the Abu Dhabi state-owned Mubadala Investment Co after controversial deal maker/financier Low Taek Jho aka Jho Low (pictured) agreed to drop his claims to the hotel in a US forfeiture lawsuit, reported Bloomberg yesterday.
Can a splash of grey pavement paint help combat global warming? In Los Angeles, where summer temperatures regularly surpass 100 degrees Fahrenheit (38 degrees Celsius), workers are coating streets in special grey treatments in a bid to do just that.
SINGAPORE (Nov 8): Religare Institutional Research has started Manulife US Real Estate Investment Trust with a “buy” recommendation and target price of 95 US cents, given its exposure to the US office market which continues to recover from the global financial crisis.
SINGAPORE (Nov 7): Manulife US Real Estate Management, the manager of newly-listed Manulife US REIT, posted a distribution per unit DPU of 2.
LOS ANGELES (June 7): The famous Playboy mansion which has hosted countless exotic parties is set to receive a new yet familiar owner — its next-door neighbour, according to a recent report by The Wall Street Journal.