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Battle for Aman Resorts spills over to NY

Bloomberg A battle over 27 of the world’s most luxurious resorts spilled over into a Manhattan bankruptcy court the day after a U.K. court approved a settlement involving two former business partners — American entrepreneur Omar Amanat and Russian-born real estate developer Vladislav Doronin. British Virgin Islands-based Aman Resorts Group Ltd., or ARGL, filed a lawsuit in New York blaming ...

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Shanghai authorities discuss ways to cool property

Bloomberg Shanghai authorities held a meeting to discuss measures to cool a surge in property prices after recent frenzied residential homebuying, according to people familiar with the matter. The municipal government’s National Development and Reform Commission held discussions with regional authorities from the People’s Bank of China (PBOC) and the China Banking Regulatory Commission (CBRC) , said the people, who ...

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Manhattan luxury rental prices fall as condo buyers seek tenants

Bloomberg At One Riverside Park, a new luxury-condo tower on Manhattan’s Upper West Side, a never-lived-in four-bedroom apartment is available for rent at $22,995 a month, about $2,000 less than the owner was seeking in January. The 2,830-square-foot (260-square-meter) dwelling, with floor-to-ceiling windows and panoramic views of the Hudson River, has competition for tenants. Forty-five percent of the 161 units ...

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