Bloomberg Anbang Insurance Group Co., the Chinese insurer that backed out of a takeover bid for Starwood Hotels & Resorts Worldwide Inc., is on track to complete its $6.5 billion purchase of another U.S. hotel company from Blackstone Group LP, said Jon Gray, Blackstone’s global head of real estate. Anbang is under contract to buy Strategic Hotels & Resorts ...

  Bloomberg London’s property market is feeling the pressure from political uncertainty, with the U.K.’s vote on its European Union membership, mayoral elections in May and weakness in the pound contributing to falling house prices in some areas, according to the Royal Institution of Chartered Surveyors. Demand from house buyers fell sharply in the capital in March, RICS said in ...

  Dubai / Emirates Business According to a Food and Beverage (F&B) report released by global property advisor CBRE, UAE residents ranked the third biggest F&B spenders globally in shopping malls, following their counterparts in Norway and Switzerland. As the F&B market in the UAE demonstrates a considerable degree of resilience in the years following the economic downturn, the results ...