China Property Woes Deepen With Vanke Slump, Country Garden Halt
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
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One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said.
Jun 6, 2018
Bloomberg News
,(Bloomberg) -- Westminster City Council says it is aware of a fire at the Mandarin Oriental Hotel, which adjoins the luxury One Hyde Park apartment project in Knightsbridge. Representatives for the luxury hotel group did not immediately answer the phone or reply to emails seeking comment. The lodging is currently being renovated.
Westminster Council@CityWestminsterWe are aware of a fire taking place at the Mandarin Oriental Hotel in Knightsbridge. Please follow @LondonFire for updates.Sent via Twitter Web Client.
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London Fire Brigade says about 100 firefighters are in attendance.
London Fire Brigade@LondonFireAround 100 firefighters are tackling a large fire at a hotel of 12 floors in #Knightsbridge bit.ly/2xN9mJw © @jchan89Sent via TweetDeck.
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Unverified images and videos carried on social media show a tall plume of smoke rising.
To contact the reporter on this story: Christopher Kingdon in London at ckingdon@bloomberg.net
To contact the editors responsible for this story: Sonali Pathirana at spathirana@bloomberg.net, Neil Callanan
©2018 Bloomberg L.P.