US Pending Home Sales Index Slides to Record Low on High Rates
An index of US pending existing-home sales unexpectedly fell in May to the lowest level on record as elevated mortgage rates and high prices discouraged prospective buyers.
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An index of US pending existing-home sales unexpectedly fell in May to the lowest level on record as elevated mortgage rates and high prices discouraged prospective buyers.
Felix Sater, the Moscow-born deal maker who was once part of Donald Trump’s inner circle, lost a civil trial in which he was accused of helping a wealthy Kazakh man launder millions of dollars through US real estate including condos at the Trump SoHo tower.
In a live Q&A on the Markets Today blog, we asked experts from across the newsroom for their analysis of the July 4 UK election.
Boston residents face a sharp increase in property taxes or risk $400 million of budget cuts if state lawmakers reject a plan to shift the burden to commercial buildings, Mayor Michelle Wu said in an interview with Bloomberg News.
US office vacancy rate is forecast to hit a peak of 24% by 2026.
Sep 2, 2021
Bloomberg News
,(Bloomberg) -- The owners of Goldman Sachs Group Inc.’s former London headquarters on Fleet Street has submitted plans to remodel the building after the investment bank’s lease came to an end.
Regis Fleet Street, a holding company owned by members of Qatar’s royal family, wants to update Peterborough Court to create 300,000 square feet (28,000 square meters) of modern office space with ground-floor stores, according to CoStar News, which reported on the application earlier Thursday.
A representative for Qatar’s rulers didn’t immediately respond to a request for comment.
London landlords have been racing to update tired office buildings as companies look for modern and energy-efficient workspaces that can help lure back staff and meet their environmental targets. Chinese Estates Holdings Ltd., owner of the neighboring property that was also part of Goldman’s former campus, unveiled plans for its own overhaul earlier this year.
Goldman vacated its campus on and around Fleet Street in 2019 after building a new European headquarters nearby. The bank has since sold that property to Korea’s National Pension Service, and leased it back.
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