Bloomberg Even in the pre-crash era, when real estate prices were surging, nine-figure deals for properties seemed outlandish. Then beginning in 2015, with ultra-luxury sales on the decline and homes in the seven and eight figures languishing on the market for twice as long as the year before, as well as undergoing price cuts, their existence seemed futile. Yet, …

  Bloomberg Shares in Chinese property developer Glorious Property Holdings Ltd. were suspended Monday in Hong Kong pending an announcement about a privatization bid by the company’s founder and controlling shareholder. Glorious Property requested a halt in trading at 9 a.m. local time ahead of an announcement “containing inside information in relation to a possible privatization by the controlling shareholder …

  Bloomberg In late 2014, fledgling entrepreneur Josh Tetrick persuaded investors to plow $90 million into his vegan food startup Hampton Creek Inc. Tetrick had impressed leading Silicon Valley venture capital firms by getting his eggless Just Mayo product into Walmart, Kroger, Safeway, and other top US supermarkets within about three years of starting his company. What Tetrick and his …