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‘Storm is brewing’ in American commercial realty, says Pimco

  Bloomberg U.S. commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report on Monday. A global surge in demand for U.S. property investments that pushed real estate values to records ...

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Bahrain investments surge to $110 million

  Manama / TNS Bahrain has attracted $110 million in investments and created 1,200 jobs since the beginning of the year, a top official has revealed. However, the aim is to attract double that amount by the end of the year, said Economic Development Board chief executive Khalid Al Rumaihi. “We think we’ll achieve that,” he said at a media ...

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Athletes who give ‘power’ kicks

  Rio de Janeiro / DPA The Morro da Mineira favela (slum) in Rio de Janeiro holds a striking number of turquoise houses: you can see them from afar, like boxes piled up on the hill, all of them turquoise. The story goes that a well-known drug lord hid in this poor neighbourhood near the Sambadrome, in central Rio. Police ...

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