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 Steinhoff International Holdings NV agreed to buy UK discount chain Poundland Group Plc for £597 million ($794 million) as the South African company looks beyond Britain’s Brexit vote to further expand its European retail interests. Steinhoff’s cash offer is worth 222 pence a share, about 40 percent more than where the stock was trading before bid speculation sent …