No rollback of service tax on realty: FinMinCentral Board of Excise and Customs chairman V Sridhar has also said the realty sector would not attract 10 per cent service tax in effect.Prime Group Realty sells downtown tower, defaults on suburban towersChicago-based Prime Group Realty Trust, an owner of office buildings, said it sold a downtown tower and has defaulted on one of the largest complexes in the suburbs. Prime Group said it sold 180 N. LaSalle for $72.25 million. The buyer of the 39-story is an affiliate of investor Michael Silberberg of Nanuet, N.Y.Oakridge Realty enhances business parkOAKRIDGE Realty Development Corp., a Cebu-based property development and leasing company, held a ceremonial groundbreaking event last Feb. read moreSotheby’s International Realty Brand Honored by Franchise Business ReviewRISMEDIA, March 4, 2010—Sotheby’s International Realty Affiliates LLC announced it won Franchise Business Review’s Best in Category for Real Estate Franchisee Satisfaction award for the third year in a row. The Best in Category award measures franchisee satisfaction with their franchisors and…No rollback of service tax on realty: Finance ministryThe finance ministry ruled out rolling back of service tax on real estate developers at the time of construction, a move which the industry says will jack up housing and commercial property prices.Bull Realty Institutes Partners PlanATLANTA —In an effort to continue to recruit top talent in the wake of his firm’s phenomenal growth, Michael Bull of Bull Realty is offering successful agents a stake in his namesake company.Prime real estate in Morocco offers a solid investmentAccording to leading international agent Knight Frank, luxury and prime property in Morocco, particularly in the cosmopolitan city of Marrakech, is in high demand from discerning professional investors and second home owners from around the globe, who are seeking a relatively lower-risk real estate investment in a country less affected by the recession than others like the UK and USA.No taxing time for real estate: GovtThe government has said the net impact of the service tax on real estate construction would be only 3.3 per cent, since construction attracts service tax only on 33 per cent of the value.Real-estate brokers offering sneak peek of reality show apartmentReal estate broker Michele Kleier and daughters Samantha and Sabrina are hosting an exclusive sneak-peek party tonight at their $28.5 million co-exclusive at 995...Real Estate Transfers, 3-4-10Real Estate Transfers, 3-4-10U.S. Stocks Trim Gain as Fed Says Real Estate, Loan Demand WeakMarch 3 (Bloomberg) -- U.S. stocks trimmed gains after the Federal Reserve said commercial real estate and loan demand remained weak in January and February and labor markets were still “soft.”
