UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
Nov 5, 2019
Bloomberg News
,Toronto’s booming residential real estate market has caught the eye of Grammy-award winning artist Pharrell Williams.
The music producer and fashion mogul is making a foray into residential development by partnering with two local firms to help design a dual-tower condo project in Canada’s most populous city, according to a statement Tuesday. The 750-unit project, dubbed “untitled,” will start sales early next year.
“From music to fashion and footwear, some design, working with amazing visual artists, now we’re talking about physical structures,” Williams said in a separate statement. “I’m going into the realm that I’ve never gone into before, on a commercial level.”
Toronto’s housing market has been on the rise in the past few months after adjusting to a series of taxes and regulations in the past two years. The October benchmark price of a home, which accounts for differences in the type of properties sold, rose 5.8% from last year to $810,900 and is only about $4,300 off the record set in 2017.
Reserve Properties and Westdale Properties are developing the towers, which will be connected at the intersection of Redpath Avenue and Broadway Avenue in midtown Toronto. Commonly known as Yonge and Eglinton, the area has seen rapid development in the past few years. RioCan REIT has invested heavily in the neighborhood, developing large projects that mix condos, rentals, offices and retail.