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Hot Real Estate Canada Online @ Silkporcelain Silkporcelain is a gift store with a difference. Silkporcelain supply direct to the consumer high quality gifts at wholesale rates. Porcelains, Pottery, Figurines, Painted Pottery, Silk Garments All of your gift needs in one online store. Relocating to Kitchener-Waterloo Ontario Apr 19, 2006 - Linknet Real Estate - If you are relocating to Kitchener or Kitchener-Waterloo, Ontario, here is a resource for Kitchener-Waterloo relocation. Halifax Investor Ready to Pull Out of Russia July 13, 2006, Linknet Real Estate News Digest Commercial Real Estate - Commercial real estate mortgage services. No banks. According to a CP story in the Halifax Chronicle Herald, Halifax businessman Ken Rowe is ready to pull the plug on his $50 million investment in a Moscow hotel. Rowe's company, IMP Group Ltd. turned the Aerostar Hotel in Moscow into a four-star destination. But in August 2004 a group of armed thugs marched in and evicted the entire 150 person staff and took over the building. The Russian government has refused to bring forward a criminal case -- presumably because a senior politician is involved in a rigged bankruptcy that served as the cover for the take over. Rowe’s Halifax-based conglomerate, IMP Group Ltd., invested just under $50 million in the Aerostar hotel in Moscow over the past decade, turning it into a four-star destination. However, the 150 staff members and managers were suddenly evicted in August 2004 by a tiny Moscow firm that had hired armed guards. According to Rowe, "If the Russians aren’t willing to tell Canada that they’re going to do anything other than just keep extending it, then we have to take a business decision and withdraw our investments that aren’t safe in Russia." He wants Canadian Prime Minister Stephen Harper to confront Putin about the ase at the G8 summit meeting this weekend in St. Petersburg. Rowe has an ally in Andrei Illarionov, Putin’s one-time economic adviser and sherpa for the G8 conference. Illarionov quit in December, saying his country was no longer free. In March of this year, Illarionov said that by going to St. Petersburg, western leaders would be tacitly approving Russia’s "nationalization of private property, destruction of the rule of law, violation of human rights and liquidation of democracy." |
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Banks may play bigger role in real estate
Banks may play bigger role in real estate Linknet Real Estate News, January 9, 2006The U.S. federal agency that regulates the activities of banks has recently allowed two banks to be involved in developing and owning two large commercial real estate properties. The agency, the Office of the Comptroller of the Currency, a division of the U.S. Department of the Treasury, has normally restricted this kind of involvement because of fears that large banks could monopolize real estate markets and control rents. There has also been concern that the speculative nature of real estate investing could do harm to bank capital. The approvals were granted to two unidentified banks. One involved a "new, mixed-use office building" and another was for a 150-room hotel to lodge the bank's out-of-town visitors. One of the banks in question is thought to be Charlotte, N.C. based Bank of America. This may indicate more involvement in by banks in the real estate industry in the future. -------------------------------------------- Commercial Real Estate Loans We are the ultimate specialist in small commercial loans. We don't do ANYTHING else. --------------------------------------------
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