Real Estate

  Bloomberg Hotels in sun-drenched Miami are getting burned by a pullback in Brazilian travel and a building boom that has added thousands of rooms to the market. Nightly room costs are dropping. Greater Miami’s revenue per available room — a key measure of rates and occupancies known as revpar — has fallen each month this year, and in April …

  AP The global luxury housing market lost some of its sheen last year as financial markets became unsettled and many wealthy buyers began to look for less expensive homes. “The return of realism,” is how Dan Conn, chief executive of Christie’s International Real Estate, described the high-end market that stretches from San Francisco to Singapore. Sales in a sector …

  Bloomberg Most business travellers are at the mercy of their employer’s travel policies when it comes to where to stay. But once you get to your hotel, you’ll need to impress a different power broker to make your visit as comfortable as you can: the front-desk agent. With a few keyboard taps, these often-forgotten employees can control whether you …

  Bloomberg Chancellor Angela Merkel’s government is offering home and factory owners at least €13 billion ($14.8 billion) in loans and subsidies over the next four years to reduce the carbon emitted from their properties. The money, earmarked in the mid-term federal budget plan, will be disbursed to property owners who sign up to programs to cut power and heat …

  Bloomberg British Columbia took over as Canada’s fastest growing economy last year on the back of its red-hot real estate market, while Alberta fell to last place. Gross domestic product in the westernmost province grew 3 percent in 2015, the fastest since 2006, led by a 5 percent gain in real estate-related services. It marks the first time — …

  Bloomberg Hong Kong’s economy unexpectedly contracted in the first quarter as falling retail sales and a weakening property market weigh on the city. Gross domestic product fell 0.4 percent in the three months through March from the previous quarter, the government said in a statement Friday, compared with the median estimate for 0.1 percent growth in a Bloomberg News …

  Babylon, New York / AP Matt Price and his wife, Carla, are gambling that the devastation inflicted by Superstorm Sandy will be their key to the American dream of home ownership. The couple was among the successful bidders at an auction on Wednesday that sold off the last of more than 400 flood-damaged houses that were purchased by New York …

  Bloomberg Bluesky Hotels & Resorts Inc., a closely held company backed by capital from Hong Kong, agreed to buy InnVest Real Estate Investment Trust for C$2.1 billion ($1.6 billion), giving the firm a stake in some of Canada’s most historic hotels and beachhead for expansion in North America. Bluesky will pay C$7.25 a share, the companies said in a …

  Bloomberg SC Capital Partners, a Singapore private equity real estate firm with $1.2 billion in assets, said recent price declines make investing in Hong Kong property attractive. Founder Suchad Chiaranussati said he expects the Singapore government to maintain residential curbs in the city-state until the end of next year. Hong Kong offers more value after prices for homes, offices …

  Bloomberg A country house in West Sussex, an hour and a half by train from London, is about to hit the market for £6 million ($8.6 million). Designed by Edwin Lutyens, arguably the most famous father of Arts and Crafts architecture, the manor house known as Little Thakeham dates to 1902 and sits on a 3.2 rolling acres comprising …