Ted and Jamie Garber have built their real estate portfolio around one main goal: generating cash flow. “Each rental needs to shed cash flow immediately and, on average, pay back our initial investment within three to six years,” Ted told Business Insider. Between their 15 commercial and residential investment properties along the Space Coast of…
While the City of New Castle has site control over most of the former Shenango China property, the city can acquire the property outright for only a couple thousand dollars. The Sept. 4 agreement approved by New Castle City Council gives the city access to 30 acres of the 34.34-acre property at 301 Glass St.,…
Hong Kong is attracting tourists in droves and hoping they will spend freely and boost the economy. But some visitors from mainland China are not here for sightseeing or to attend mega-events. Their plans involve working illegally in the city. This type of traveller is not welcome. The prevalence of such work and the variety…
China’s stock markets have surged to their highest levels in a decade, but the rally risks creating a bubble while offering little support to the slowing economy, according to historical lessons, Nomura has warned. The Japanese investment bank cautioned that the rally may have even less impact on growth than the 2014-15 boom, which ended…
The embassy, which would be situated near the Tower of London, would be the largest in Europe. The British government has extended the deadline to October to decide on whether to approve China‘s plans to build the largest embassy in Europe in London, after Beijing refused to explain why the plans contained blacked-out areas. China’s…
Entering the home market for the first time can feel complicated and stressful. With changing rules, financial requirements, and shifting property values, making sense of housing choices often means spending hours sorting through listings, comparing programs, and coordinating different people. A group of new Canadian apps aims to help first-time homebuyers with these common problems,…
An explorer has opened the doors to an abandoned Disney World resort that has been left empty for the past 13 years—becoming a lawless ghost town that is now overrun with graffiti and garbage. Josh, who goes by Exploring With Josh on social media, has become a YouTube sensation over the past few years while…
A Chinese factory worker was left heartbroken and financially devastated after his fiancée, who claimed to be a military officer, vanished after allegedly fleecing him and his family out of 650,000 yuan (US$91,000). The 30-something man, surnamed Ji, who had only met the woman a handful of times over an eight-year period, had been under…
HONG KONG — More than five years ago, when New World Development asked banks in Hong Kong for a billion-dollar syndicated loan to fund the construction of a lavish shopping mall by the city’s airport, banks had to fight for a share of the deal — and they did not ask for collateral. For years, blue-chip…
New World Development’s K11 Musea shopping mall, part of the company’s flagship Victoria Dockside development in Hong Kong’s Tsim Sha Tsui district. Paul Yeung/Bloomberg Shares of New World Development, controlled by Hong Kong’s billionaire Cheng family, dropped almost 6.5% on Monday after the debt-laden property developer deferred interest payments on several bonds, deepening investor concerns…