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Madison Realty Capital Provides $167.5 Million of Financing to Restructure Madison Square Park Tower, Luxury Condo Project at 45 East 22nd Street

NEW YORK, Jun. 11, 2018 (Korea Bizwire) — Madison Realty Capital (MRC) closed a $167.5 million first mortgage loan collateralized by Madison Square Park Tower, a luxury condominium development located at 45 East 22nd Street in the Madison Square Park neighborhood of Manhattan. In a complex multi-party transaction MRC rapidly delivered financing to Ian Bruce Eichner [...]

Korea to Introduce Online Real Estate Transaction System

SEJONG, Jun. 25 (Korea Bizwire) — The Korean government has begun a project to develop an online contracting system for property purchasing and leasing, said the Ministry of Land, Infrastructure and Transport (MOLIT) on June 24. The online system will enable Korean citizens to sign a real estate contract with an electronic signature or an [...]

Eager Korean Investors Expect Pay Off in Two Years

SEOUL, Apr. 23 (Korea Bizwire) — Korean investors are more likely to expect returns in the early stages of their investments than investors in other countries. According to an online survey conducted by Franklin Templeton Investments on 11,508 investors from 23 countries, 81 percent of the Koreans polled answered that they expect their investments to [...]