Bloomberg Hines, the developer behind the ultra-luxury condo tower rising by New York’s Museum of Modern Art, has a new project coming to midtown Manhattan: a senior-living community. The builder, in a partnership with senior-housing owner Welltower Inc., acquired a site at the corner of 56th Street and Lexington Avenue for an undisclosed price, according to a joint statement ...

  Bloomberg Office rents in London’s skyscrapers rose almost 10 percent in the second half of last year as city-center vacancies fell to a 15-year low, according to an index compiled by broker Knight Frank LLP, and are set to continue climbing. Annual skyscraper rents in the U.K. capital surged to $126 per square foot because of rising demand for ...

  REUTERS On a stretch of barren coast 550 km south of the capital Muscat, workers at a ship repair yard swarm over cargo vessels from around the world, labour that will help to determine Oman’s fate in an era of cheap oil. The yard, owned by the government’s Oman Drydock Co and operated by South Korea’s Daewoo Shipbuilding & ...