real estate

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Thousands march in Madrid after evicted pensioner Maricarmen’s death

María del Carmen Abascal, the 87-year-old pensioner known across Spain as "Maricarmen," died Wednesday, Oct. 7, in Madrid's Gregorio Marañón Hospital. She had been there for two weeks, since police removed her on Sept. 23 from the Retiro apartment where…

HKMA raises rates for first time since 2023, tracking Fed

The Hong Kong Monetary Authority raised its base rate by 25 basis points to 4.25% on Thursday, tracking the U.S. Federal Reserve's first interest rate increase in more than three years and sending ripples across Asian financial markets.

China home prices fall again in August as property slump persists

China's new home prices declined for another month in August, extending a streak of weakness that has kept the world's second-largest economy under pressure as policymakers struggle to arrest a yearslong property downturn.

China’s factory output beats forecasts as retail sales weaken

China's industrial output accelerated in August while retail sales and investment continued to weaken, underscoring a deepening imbalance in the world's second-largest economy that is raising pressure on Beijing to deliver fresh stimulus.

US new home sales drop sharply in July, missing forecasts

Sales of new single-family homes in the United States fell sharply in July, dropping 10.5% to a seasonally adjusted annualized rate of 607,000 units, the U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday. The figure…

Evergrande founder sentenced to life in prison by Chinese court

A Chinese court on Thursday sentenced Hui Ka Yan, the founder of China Evergrande Group, to life in prison for large-scale financial crimes, bringing a definitive legal conclusion to the collapse of the world's most heavily indebted property developer.

China taps $1.6T housing fund to combat deepening slowdown

China is opening up its 10.9 trillion yuan ($1.6 trillion) housing provident fund for a broader range of uses, marking Beijing's first concrete policy response after July economic data revealed a deepening slowdown across consumption, investment, and industrial output.

China home prices fall for 37th straight month

China's new home prices fell 0.1% in July from the previous month, matching June's decline and extending a yearslong property downturn now stretching 37 consecutive months, according to data released by the National Bureau of Statistics on Monday. On an…

Prologis to buy U.K.’s Segro for $18.8B after two-month battle

Prologis announced on Tuesday that it has reached a recommended agreement with the board of Segro to acquire the U.K.'s largest real estate investment trust for approximately £14 billion ($18.8 billion), ending a two-month takeover battle that began in late…

Segro board signals support for Prologis’ $18.8B bid

Segro said its board unanimously concluded it would be "minded to recommend" Prologis's £14 billion ($18.8 billion) "best and final" takeover proposal to shareholders, bringing a month-long pursuit of the British warehouse landlord closer to a deal. Segro shares surged…

Prologis raises Segro bid to £13.5B, adds cash option

Prologis disclosed on Monday a third takeover proposal for UK warehouse landlord Segro, now including a partial cash alternative that values the company at 993 pence per share, or approximately £13.5 billion ($18.2 billion). Segro's board unanimously rejected the offer…

Prologis goes public with case for £12.6B Segro deal

Prologis escalated its pursuit of UK warehouse giant Segro on Wednesday, publishing a new investor presentation urging shareholders to pressure the Segro board into formal negotiations over a £12.6 billion all-stock takeover proposal.

World Bank projects China’s growth slowing to 4.4% in 2026

The World Bank on Tuesday released its latest China Economic Update, projecting that China's economic growth will slow to 4.4% in 2026 and ease further to 4.3% in 2027, as a prolonged property market correction and cautious consumers weigh on…

Segro rejects Prologis’s $16.6 billion takeover bid

Segro, the UK warehouse and logistics landlord, has rejected an unsolicited all-share takeover proposal from Prologis, the world's largest industrial property owner, in what would have been one of the biggest real estate deals in recent years.

Milan seeks house arrest for top figures in skyscraper permit scandal

Prosecutors in Milan are seeking the house arrest of property developer Manfredi Catella and city councilor Giancarlo Tancredi, along with four others, as part of a widespread corruption investigation into alleged abuses in fast-tracking building permits that has led to…

Proposed San Francisco skyscraper would be tallest on West Coast

A developer has submitted a proposal to build a massive 1,225-foot skyscraper in San Francisco that would surpass Salesforce Tower by 150 feet, making it the tallest building on the West Coast, according to CBS News and ABC7 News.

Senegal abandons Akon’s Wakanda-style futuristic city project

The Senegalese government has officially abandoned Akon's $6 billion futuristic city project, the BBC reported today, marking the end of one of Africa's most ambitious urban development schemes. Officials cited inadequate funding and halted construction efforts as key factors in…