BERLIN / Bloomberg Vonovia SE, the German property company that last month failed in an attempt to buy its largest competitor, said full-year profit more than doubled after it added properties and tapped new revenue sources. Funds from operations excluding sales, a measure of a real estate company’s ability to generate cash, rose to €608 million ($660 million) from €286.6 ...

MUMBAI / Bloomberg A rusty six-story steel structure surrounded by tin-sheet huts stands on a prime plot overlooking one of Mumbai’s largest open spaces of greenery: The horse-racing track in the city’s plush Mahalaxmi area. What was to be a soaring luxury skyscraper from DB Realty Ltd. has been languishing for more than five years, with the developer’s website still ...

Bloomberg If you’ve been paying attention to auction coverage recently, the outlook seems grim: The value of artworks on offer has plummeted, volume and totals are down significantly, and various news organizations (including this one) have sounded ominous warnings of an imminent market decline. But all of this is drawn from a tiny sliver of the art market. Bloomberg’s auction ...