Real Estate

  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 ...

  BLOOMBERG A surge in prices for existing homes in Vancouver and Toronto is fueling new construction in Canada’s two most expensive cities. Housing starts jumped to an annualised pace of 218,333 units in June, the Canada Mortgage & Housing Corp. said, the highest since September and a 17 percent increase from a month earlier. The data suggests that builders ...

  Hong Kong / AFP Hong Kong property tycoon Thomas Kwok was granted bail on Tuesday, clearing the path to appeal his graft conviction over a high-profile cash for favours scandal. Kwok was jailed in 2014 over a series of payments totalling HK$8.5 million (US$1.1 million) to the city’s former deputy leader Rafael Hui, who was also convicted on graft ...

  Bloomberg Aberdeen Asset Management Plc appointed broker Strutt & Parker LLP to sell a London office property that’s part of a UK real estate fund currently suspended from trading, according to three people familiar with the matter. The asset manager will offer 10 Hammersmith Grove, an office building valued at about 105 million pounds ($136 million), the people said, ...