Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of … Read more
Former U.S. President Donald Trump speaks to the media as he arrives at a Manhattan courthouse trial in a civil fraud case brought by state Attorney General Letitia James against him, his adult sons, the Trump Organization and others in New York City, U.S., October 4, 2023. Mike Segar | Reuters Donald Trump should have pledged real … Read more
Former President Donald Trump has been unable to obtain an appeal bond to secure a $454 million civil judgment against him in a New York business fraud case, his attorneys said in a court filing Monday. Lawyers for Trump and his co-defendants said it has been “impossible” for them to secure a complete appeal bond, … Read more
I’ve been an expat for most of my life. Originally from Japan, I’ve lived in a total of six countries. For the past 15 years, I’ve called Geneva, Switzerland, my home. When my then-husband and I decided to move here, to his hometown, our first child was just 10 months old. We wanted a change … Read more
Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023. Ina Fassbender | Afp | Getty Images Shares of German property giant Vonovia fell more than 7% on Friday, shining a light on a deepening real estate crisis in Europe’s largest economy. The residential real estate company … Read more
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images China may want a “new leap forward” in “productive forces” — but President Xi Jinping may need to resort to an old tactic to hit the country’s ambitious growth target this year, one economist warns. Beijing set its annual … Read more
Aerial view of the roof gardens at Gasholder Park in Kings Cross, London. Richard Newstead | Moment | Getty Images The U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region’s strained property market. An anticipated fall in interest rates and modest economic revival will … Read more
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic … Read more
Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country’s beleaguered property sector. … Read more
Picture this: A house with extensive mold, water damage, termites and a collapsed roof in a tiny town where you don’t speak the language. Not exactly a prime real estate opportunity, right? For Rubia Daniels, though, the dilapidated building in Sicily also served as an exciting chance to build the home of her dreams — … Read more