Real Estate

  AFP Chinese conglomerate Wanda is in talks to buy a stake in US film studio Paramount Pictures, according to a report, marking the Asian company’s latest move to expand its entertainment empire. Wanda, which in January bought production giant Legendary Entertainment for $3.5 billion, is seeking 49 percent of Paramount from parent company Viacom, the Wall Street Journal quoted ...

  Bloomberg Great Eagle Holdings Ltd. Chairman Lo Ka Shui said he has suspended plans for a £250 million ($330 million) real estate project in London because of the uncertainty following Britain’s decision to withdraw from the European Union. In an interview in Hong Kong, Lo said that Brexit is likely to send property values lower, noting that seven listed ...

  Bloomberg Tishman Speyer is teaming with Lenovo Group Ltd., the world’s biggest personal-computer maker, on a 9 billion yuan ($1.35 billion) real estate project in Shenzhen, China, marking the developer’s first foray into the country’s southern region. The 2.2 million-square-foot (204,400-square-meter) office-and-retail development, to be built in the city’s central business district, will house the headquarters for Lenovo’s international-business ...

  St. Louis / AP Until recently, Christina Brouk was living with her parents. Now, still in her early 20s, she’s living the American dream of home ownership — the same dream that’s grown elusive for many young adults since the housing bubble peaked 10 years ago. Homes in many areas of the United States have become so costly that ...

  BLOOMBERG Google’s ambitious plan to build a new Silicon Valley headquarters, with soaring glass canopies, crane-like robots and movable walls, was given new life after a big land swap with neighbouring technology giant LinkedIn Corp. However, Google’s designs may not survive in their original form because the local government has new goals for the area that include more residential ...

  BATH / AP A historic general store and tourist attraction in New Hampshire that closed earlier this year is up for auction. The Brick Store in Bath was built in the late 1700s or early 1800s. It closed after several years of financial hardship, and is up for auction on Wednesday. The store is believed to be one of ...

  VIENNA / AP Austria’s Interior Ministry says the government has drawn up a draft law that would dispossess the owner of the house where Adolf Hitler was born. This move follows steadfast refusal by house owner Gerlinde Pommer to sell the empty building in the town of Braunau am Inn on the German border. The government has sought ownership ...

  Bloomberg That China Vanke, along with some undisclosed parties, is considering buying a mystery commercial-property asset from Blackstone may seem cause for concern. Here is a real estate company attempting to fend off a hostile takeover with the help of a state-owned subway operator. Free market proponents may argue that shows just how backward, or opaque, the country’s corporate ...

Bloomberg Two New York City Council committees approved a zoning change that would clear the way for what developers say will be the first primarily office project to be built in Brooklyn in more than a generation. Toby Moskovits’s 25 Kent Ave. won approval from the New York City Council Subcommittee on Zoning and Franchises as well as the Committee ...

  Bloomberg Jorge Perez, the billionaire who helped turn South Florida’s skyline into a beacon for Latin America’s wealthiest, is preparing to hand over his empire. The 66-year-old developer, known as Miami’s “Condo King,” said he hopes his sons Jon Paul and Nicholas will take the reins of the Related Group soon so he can focus more on travel, philanthropy ...