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Standard Life, Legal & General join the property-fund sales rush

  Bloomberg Standard Life Investments and Legal & General Group Plc have joined the list of UK real estate fund managers offering buildings for sale after the UK’s vote to leave the European Union sparked an increase in redemptions. The asset managers are working with brokers to sell London office buildings, joining Henderson Global Investors and Aberdeen Asset Management Plc ...

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Red flag signalling 2007 housing bust is fluttering again

  Bloomberg Almost nine years after the housing-market bust helped trigger the most recent recession, RealtyTrac senior vice president Daren Blomquist sees the industry waving a red flag. The same fervent speculation that abetted the housing bubble is showing up in the bloated share of foreclosures snapped up by third-party investors at auction — a record 31 percent in June, ...

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Daily dozen with Pokémon Go

  Bloomberg A four-mile walk home wasn’t a normal part of Peter Morency’s routine before Pokémon Go entered his life. But on Wednesday evening the 25-year-old Tufts University administrative assistant ditched the Boston-area bus and caught a virtual bestiary—Drowzee, Bellsprout, Poliwag, Clefairy, and Charmander, all characters from Nintendo Co. Ltd.’s blockbuster mobile game—during a leisurely two-hour stroll. Millions of Pokémon ...

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