Bloomberg Home sales in New York’s Hamptons fell to the lowest level in three years as would-be buyers of beachside mansions stayed on the sidelines during a turbulent first quarter on Wall Street. Purchases in the Long Island resort towns, a second-home market popular with financiers and celebrities, totaled 437 in the three months through March, down 19 percent ...

  Bloomberg Blackstone Group LP, with real estate assets that have surpassed $100 billion, is considering tapping individual investors as it expands its push into owning high-quality buildings with steady income streams. “The prospects for growth in that business are huge,” Chairman and CEO Steve Schwarzman said on the company’s first-quarter earnings conference call. “At some point as we move ...

  Bloomberg The Australian state of Victoria will more than double a property tax for foreign buyers in a move that may undermine surging home prices in the nation’s second-largest city. The stamp duty surcharge will increase to 7 percent from 3 percent and will apply to contracts signed on or after July 1, according to a statement from state ...