Real Estate

  Bloomberg Shares in Chinese property developer Glorious Property Holdings Ltd. were suspended Monday in Hong Kong pending an announcement about a privatization bid by the company’s founder and controlling shareholder. Glorious Property requested a halt in trading at 9 a.m. local time ahead of an announcement “containing inside information in relation to a possible privatization by the controlling shareholder ...

  Bloomberg In late 2014, fledgling entrepreneur Josh Tetrick persuaded investors to plow $90 million into his vegan food startup Hampton Creek Inc. Tetrick had impressed leading Silicon Valley venture capital firms by getting his eggless Just Mayo product into Walmart, Kroger, Safeway, and other top US supermarkets within about three years of starting his company. What Tetrick and his ...

  Bloomberg Pete Pollinger and his wife, Julie, are relocating from Boca Raton to Melbourne, a city of about 70,000 on Florida’s Space Coast, named for its proximity to NASA rocket sites at Cape Canaveral and the Kennedy Space Center. They weren’t just hunting for a place to live. As they get ready to move this year, they’re also looking ...

  Bloomberg Evergrande Real Estate Group Ltd., controlled by billionaire Chairman Hui Ka Yan, paid 9.1 billion yuan ($1.4 billion) for a 4.68 percent stake in China Vanke Co., the competitor embroiled in an ownership tussle with a key shareholder. The Guangzhou-based developer bought Vanke’s Shenzhen-traded shares through a unit, it said in a filing to Hong Kong’s stock exchange ...

  Bloomberg New York’s condo slowdown is upending the market for one of the most coveted assets in tightly packed Manhattan: land. Sales of parcels for development are plummeting as builders, seeing signs that a once-hot property market is cooling, offer prices that sellers won’t agree to. Just 48 land deals were completed in the first half of 2016, compared ...

  Bloomberg For real estate developers such as Jeff Peterson, losing construction workers who can hang drywall, install plumbing and pour concrete in the San Francisco Bay area has become routine. “Guys are literally going to jobs and saying to the concrete crew, ‘Hey, what are you making per hour?’” said Peterson, a purchasing director at Trumark Cos., a San ...

  Bloomberg US farmland values in 2016 dropped for just the second time in almost three decades after grain and soybean prices extended a slump, eroding grower profit and capping a decade-long boom when land costs jumped 65%. Farmland values in the lower 48 states, including land used for crops and for livestock, declined $10 to $3,010 an acre, the ...

  Bloomberg U.K. house-prices fell by the most in five months after Britain’s decision to quit the European Union, although it’s still too early to tell how much Brexit has damped the market, Halifax said. Prices dropped 1 percent in July, the biggest slide since February, reversing a 1.2 percent gain in June, the mortgage lender said in a statement ...

  Bloomberg An ambitious project to make central Moscow more pedestrian friendly has drawn mixed reactions from the city’s residents: some love the upgrade, others worry the soul is being ripped out of historic neighbourhoods. Bulldozers and drills are humming away around the centre as more than 50 roads are being torn up, a quarter of the total number chosen ...

  Bloomberg Vancouver’s technology industry is in danger of becoming collateral damage in British Columbia’s push to rein in spiraling home prices. The surprise decision last week to impose a 15 percent levy on overseas property investors may make it even harder for Vancouver to attract foreign talent and reach its goal of becoming a Canadian version of Silicon Valley. ...