Real Estate

  Bloomberg For David Wong, the business of selling homes isn’t as good this year as it was in 2015, and he’s blaming that on a decline in customers from China. “The residential-property market here, especially for those priced between $2.5 million to $3 million, has been affected by China’s measures to control capital flight,” said the New York City-based ...

  Bloomberg A 42-year high in the number of apartment buildings under construction points to an impending surge in supply that portends a moderation in the cost of shelter, which in June capped the biggest 12-month jump in almost a decade. Any cooling in the most pronounced driver of inflation means the Fed will have to wait even longer to ...

  Bloomberg Brooklyn developer The Leser Group Ltd. is selling 125 million shekels ($32.5 million) of bonds in Israel, reopening a market that was shut to North American real estate companies after Canadian developer Urbancorp Inc.’s April default rattled investors. The new issue, a retap of Leser’s 6.9 percent bonds due in May 2026, will yield 6.6 percent, according to ...

  Bloomberg Canada plans to tax overseas investors buying homes in Vancouver, one of North America’s hottest property markets, as it seeks to tamp down price gains in an area that absorbed more than C$1 billion ($760 million) of foreign money in five weeks alone. An additional property-transfer tax of 15 percent will apply to foreign nationals and overseas corporations ...

  Bloomberg Blackstone Group LP plans to sell office properties in the Netherlands as the world’s largest manager of alternative assets seeks to profit from rising real estate prices in the country, according to two people with knowledge of the process. CBRE Group Inc. has been hired to market the properties in cities including Amsterdam and Utrecht for more than ...

  Bloomberg A real estate developer wanted to increase affordable housing in Denver, trying to make fiscal sense out of a plan to build rental apartments for people making only 30 percent of the area’s median income—the kind of housing America desperately needs. He discovered that, no matter what lever he moved or compromise he made, he was going to ...

  Bloomberg Aberdeen Asset Management Plc’s funds overseen for clients rose 2.9 percent in the fiscal third quarter as the benefits of a weak pound helped offset outflows. The shares climbed. Assets under management increased to 301.4 billion pounds ($396 billion) from 292.8 billion pounds in the three months through June, Aberdeen said in a statement on Monday. Value appreciation ...

  Bloomberg After Gary Bahre and his parents built two houses totaling 63,000 square feet on New Hampshire’s Lake Winnipesaukee, they realized they’d gone a little overboard. “The houses are more than I’d ever need as a single man,” said Bahre, a 53 year-old entrepreneur and philanthropist whose family money comes, in part, from selling the New Hampshire Speedway in ...

  Bloomberg Capital & Counties Properties Plc canceled a plan to sell the Olympia exhibition center in west London, according to two people with knowledge of the matter. The landlord decided against a sale of its venues unit, which includes the property, before the U.K. voted to leave the European Union because it wants to retain the rent generated by ...

  Bloomberg Davide Campari-Milano SpA has received interest from Middle Eastern and North American buyers for a villa on France’s Mediterranean coast that may be worth at least 300 million euros ($330 million) in a sale. Villa Les Cedres, which the Italian drinks maker gained in its acquisition of Grand Marnier Group, is being sold along with Grand Marnier’s two ...