RIYADH / Reuters Saudi Arabia-based investor Al Murjan Group has bought London’s Kinnaird House office building for 85 million pounds ($121 million) from German fund manager GLL Real Estate, executives involved in the transaction said on Tuesday. Al Murjan plans to refurbish the 71,500 square foot building, located at 1 Pall Mall East near Trafalgar Square, and exit at a …

LONDON / Reuters Fosun International is set to close a deal worth about £300 million ($426.4 million) on Wednesday to buy the Thomas More Square complex in London in its biggest real estate transaction in Europe.The office complex on the edge of the City of London would add another landmark estate to Fosun’s portfolio which already includes London’s Lloyds Chambers …

WASHINGTON / AP U.S. renters saw their monthly leases rise at a significantly slower pace in February, a sign that new construction may be starting to limit housing costs for apartment dwellers. Real estate data firm Zillow said on Wednesday that median rent rose a seasonally adjusted 2.6 percent from a year ago. The median rent nationwide was $1,383 a …