Bloomberg U.S. apartment vacancies climbed in the first quarter as a flood of newly built units hit the market, slowing the rate of rent increases. Effective rents, or what tenants pay after landlord concessions, rose 4.5 percent in the first quarter from a year earlier, down from 5 percent growth at the end of 2015, Reis Inc. said. The vacancy …

Bloomberg Norway will let its sovereign wealth fund raise real estate holdings by about $17 billion, while rejecting a proposal to expand into infrastructure projects. The upper limit on real estate investments for the $850 billion fund, the world’s biggest, should be raised to 7 percent from 5 percent, the Finance Ministry said on Tuesday. The real estate assets will …

RITIKA SHARMA / Emirates Business If you think of socialising in UAE, a nearby mall would be the first option to come to your mind. Malls are not just places of shopping in UAE, they are rather the lifeline of the country and imagining a life without access to malls is nearly impossible. Over the years, many factors have led …