Bloomberg Blackstone Group LP is in talks to acquire industrial property assets in Australia valued at about A$250 million ($190 million) from Malaysian palm-oil producer Sime Darby Bhd., according to people familiar with the matter. The New York-based private equity firm is in discussions to acquire as many as five industrial buildings in Australia, the people said, asking not …

  Bloomberg While a luxury-condo glut spurs some of New York’s biggest developers to re-evaluate their plans, a relative newcomer is plowing ahead with confidence. Michael Shvo, a former real estate broker who closed his eponymous firm during the financial crisis, says he has about $4.3 billion worth of apartments under development and two more sites in contract. He’s trying …

  Bloomberg Next Plc, the British clothing retailer, cut its sales forecast for the second time this year after reporting first-quarter revenue that missed estimates on unfavorably cold spring weather, sending another chill over the embattled UK apparel sector. Next now expects full-year sales to fall within a range of negative 3.5 percent and 3.5 percent growth due to weaker …