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On March 27, the consortium of banks approved the loan by the narrowest of margins - 50.43%. It proved to be the first step in putting CityCenter back in business. Had it gone under, Murren says, it's "very possible" MGM Mirage would have been brought down too. And the financially...
The "nail house" has become a symbol of China's growth - as ubiquitous as new black Audis and smog-choked skies. It is a property whose owner refuses to make way for redevelopment, and thus sticks up like a nail among the rubble of a demolished neighborhood. As China's...
Now, as government stimulus money has spilled into property markets, and prices climb as developers struggle to acquire new stock, some Chinese have grown desperate as they struggle for what they see as fair payment for their property - or simply want to hang on to their homes. The media often...
In recent weeks two landowners have immolated themselves to protest confiscation of their property. In November a 47-year-old woman in the southwestern city of Chengdu lit her self on fire to protest an effort to tear down a commercial building that the authorities said was illegally constructed. State...
Wang is one of a group of Peking University professors who this week urged the government's top lawmaking body, the standing committee of the National People's Congress, to draft changes to demolition rules. They say the rules aren't in accordance with other property rights protections that have...