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Manhattan One57’s developer drops luxury rent plan

Bloomberg Manhattan builder Extell Development Co. is retreating from a plan to list 38 units at its One57 tower for lease, choosing to sell them instead as demand for luxury rentals slips amid an abundance of supply. The apartments, on the 32nd through 38th floors of the West 57th Street skyscraper, will be listed for sale as condominiums at prices ...

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China plans to tear down walls of gated condos and let public in

Bloomberg For years, Ji Ping has put up with Beijing’s smog, traffic and high prices, but this could be the last straw. A government plan threatens to pull down the walls of her gated community and maybe even drive a public road through its manicured gardens. “There are already so many things I’m not happy about here,” says Ji, 48, ...

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In-flight Wi-Fi market heats up as satellite services come online

Hamburg / Reuters In-flight Wi-Fi may sound like a great way to keep in touch with friends and family or catch up on work, but services are often so slow, you’re better off sticking to the in-flight magazine. New satellite-based Wi-Fi services promise to change that, prompting a grab for capacity and customers by companies such as Inmarsat Plc, Viasat ...

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