Bloomberg One of the biggest winners from an Indonesian tax amnesty may turn out to be the shares of real-estate developers, as funds get channeled into investments in the nation’s houses and apartments. Bank Indonesia estimates about 560 trillion rupiah ($42 billion) of undeclared income will be repatriated as a result of the reprieve. In a country where less ...

  BLOOMBERG Vancouver’s mayor is considering a tax on empty homes to help boost supply and damp prices in North America’s hottest residential market. Owners need to be prodded to live in the properties they buy or rent them out as the city faces an acute housing shortage, Vancouver Mayor Gregor Robertson said in an interview. “We’re looking at new ...

  Bloomberg BentleyForbes once owned such renowned properties as the Watergate office complex in Washington and Bank of America Plaza, Atlanta’s tallest skyscraper. Now the company is on the verge of vanishing. C. Frederick Wehba, who co-founded the Los Angeles-based real estate firm in 1993 and was chairman until 2012, said he will announce his official separation as an adviser ...