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Madison Realty Capital Provides $53 Million Construction Financing to Heritage Equity Partners for Multifamily Development in Brooklyn

Madison Realty Capital Provides $53 Million Construction Financing to Heritage Equity Partners for Multifamily Development in Brooklyn

NEW YORK, Jan. 19 (Korea Bizwire) — Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced it has provided $53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, for a 150-unit ground-up multifamily development located [...]

Foreigners Shop for Apartments in Seoul amid Real Estate Crisis

Foreigners Shop for Apartments in Seoul amid Real Estate Crisis

SEOUL, Oct. 29 (Korea Bizwire) — Concerns are being raised as Chinese millionaires are reportedly purchasing additional luxury apartments in Seoul, further raising housing prices amid a lack of housing supply. Recently, a Chinese study-abroad student in his 30s was found to have purchased eight apartments across South Korea, seven of which were being rented [...]

4 in 10 Real Estate-linked Ranking Officials Own More than Two Homes

4 in 10 Real Estate-linked Ranking Officials Own More than Two Homes

SEOUL, Aug. 6 (Korea Bizwire) — Four in 10 high-ranking officials at the government’s ministries and institutions involved in the formulation of real estate and financial market policies are multiple homeowners, a civic group revealed Thursday, raising concerns about a possible conflict between their official duties and private interests. According to the Citizens’ Coalition for [...]

Seoul’s Last-ditch Home Supply Plan Still in Doubt over its Viability

Seoul’s Last-ditch Home Supply Plan Still in Doubt over its Viability

SEOUL, Aug. 4 (Korea Bizwire) — South Korea on Tuesday unveiled an unprecedented plan to supply more than 130,000 homes in Seoul and adjacent areas over the next eight years in its latest struggle to contain a further rise in housing prices, which have even dragged down the Moon Jae-in administration’s approval ratings. But the [...]