Bloomberg Allianz SE completed a deal to acquire a stake of 10 Hudson Yards that values the skyscraper on Manhattan’s far west side at $2.15 billion, marking one of the city’s largest real estate transactions this year. A New York-based unit of Europe’s largest insurer contributed about $420 million in cash, and was part of a group that took …

  Bloomberg UK construction shrank the most since the financial crisis in July, with companies citing uncertainty related to Brexit for the continued weakness. Markit Economics said its Purchasing Managers Index for construction activity slipped to 45.9 from 46 in June. That’s the lowest since June 2009, when the economy was last in a recession. All three sectors — housing, …

  Bloomberg Vonovia SE — Germany’s biggest residential landlord — raised its full-year earnings forecast for a second time, citing efficiency created by a string of acquisitions. Funds from operations excluding sales, a measure of a real estate company’s ability to generate cash, will be as much as 760 million euros ($848 million) this year, compared with a previous forecast …