Real Estate

  Bloomberg Two cities in China’s eastern Jiangsu province unveiled a package of measures designed to stem a surge in property prices, as more local policy makers are gearing up to cool overheating home markets. Nanjing, Jiangsu’s provincial capital, and Suzhou, a regional manufacturing base that’s a 30-minute train ride from Shanghai, will raise down-payment requirements for some buyers of ...

  Bloomberg Boston University’s announcement that it has agreed to sell the building on which the city’s Citgo sign sits to a local developer is raising hopes among preservationists that the iconic symbol will stay. The university said it had reached a deal with developer Related Beal to sell a package of several properties, including the home of the 3,600-square-foot ...

  Bloomberg Look out Elsa and Anna, there’s a new Disney princess in town. And she’s fast becoming a crowd favourite. Princess Elena of Avalor made her debut at Walt Disney World Resort this week, where the royal family’s newest member will be introduced to visitors through live performances several times a day at Magic Kingdom Park. Inspired by diverse ...

  Bloomberg With its 40 stories and monthly rents of as much as $25,000, a new Los Angeles apartment tower is reaching Manhattan’s heights. And its amenities may make New Yorkers jealous: a chauffeur-driven Rolls-Royce, in-house Botox and your latte brewed to order before you even ask for it. In a city known for sprawling mansions, the 283-unit Ten Thousand, ...

  Bloomberg Fewer US housing markets are seeing double-digit gains in prices as affordability becomes more of a challenge in some areas. In the second quarter, prices rose 10 percent or more from a year earlier in 25 metropolitan areas, down from 28 markets in the first quarter and 34 in the second quarter of 2015, the National Association of ...

Bloomberg London is famous for its numerous parks and gardens, but even those green spaces aren’t safe from pollution. The air in many city parks surpass legal limits for nitrogen oxide set by the European Union, according to data website Asiopendata.com. The pollutant is largely from vehicle exhaust. The finding’s support Mayor Sadiq Khan’s effort to keep the issue at ...

  Bloomberg You just sold your home for $400,000. Good going, nice job, congratulations. Kudos are also due to the real estate agents who helped you close the deal. If you live in a part of the country where the standard commission is 6 percent, you probably just paid them $24,000. Or maybe not. Real estate commissions are set by ...

  Bloomberg An apartment-construction boom in Brooklyn is putting a cap on rents in the New York borough as a surge of new units erodes landlords’ pricing power. The median monthly rent declined last month for the first time this year, dropping 0.8 percent from last July to $2,826, according to a report Thursday by appraiser Miller Samuel Inc. and ...

  Bloomberg Billionaire Hui Ka Yan’s China Evergrande Group, which last week made a surprise entry into an ownership tussle for the nation’s largest residential developer, signaled its ambition to obtain control in another Chinese firm. Evergrande, which boosted its stake in Shanghai-traded Langfang Development Co. to 15 percent in the past four months, plans to further increase its holdings ...

  Bloomberg Brexit is undermining the near-term outlook for the UK housing market, with both demand and sales dropping in July, according to the Royal Institution of Chartered Surveyors. The London-based group said new buyer inquiries fell for a fourth month, while its index of sales is pointing to the fastest decline in transactions since the global financial crisis in ...