Bloomberg Beijing Homelink Real Estate Brokerage Co. is seeking to raise funds in a financing round that will give the property company a valuation of about 40 billion yuan ($6.2 billion), according to people familiar with the matter. Homelink, which focuses on rental and second-hand real estate transactions, is raising about $1 billion and has attracted funding from Chinese Internet ...

Bloomberg U.S. hedge funds may sell stakes in office landlord IVG Immobilien AG in the second half as a turnaround of the once-struggling German company nears completion, people with knowledge of the matter said. The funds are most likely to sell IVG’s main property business in a public offering, said the people, who asked not to be identified because the ...

WASHINGTON / Bloomberg U.S. construction spending fell in February by the largest amount in three months. Weakness in nonresidential construction and government offset the strongest month for home construction in more than eight years. Construction spending fell 0.5 percent in February following a 2.1 percent January gain, the Commerce Department reported. Spending declines on construction of factories, communication facilities and ...