Real Estate

  Bloomberg UK construction shrank the most since the financial crisis in July, with companies citing uncertainty related to Brexit for the continued weakness. Markit Economics said its Purchasing Managers Index for construction activity slipped to 45.9 from 46 in June. That’s the lowest since June 2009, when the economy ...

  Bloomberg Vonovia SE — Germany’s biggest residential landlord — raised its full-year earnings forecast for a second time, citing efficiency created by a string of acquisitions. Funds from operations excluding sales, a measure of a real estate company’s ability to generate cash, will be as much as 760 million ...

  AFP US construction spending fell for a third straight month in June with spending on nonresidential construction dropping by the largest amount in six months. Construction spending fell 0.6 percent in June following declines of 0.1 percent in May and 2.9 percent in April, the Commerce Department reported Monday. ...

  Bloomberg At a quarry in Bridgeport, Texas, where rock is crushed, sorted and cleaned, it’s hard to tell that the nation’s construction boom may be hitting a wall. Workers maneuver front-end loaders to fill a long line of rail cars and trucks with up to 25 tons of washed ...

  Bloomberg Hong Kong’s secondary property prices rose in the second quarter, marking a pause in a correction that analysts said may resume amid higher supply and weaker demand. Secondary property prices advanced 1.6 percent in the three months ended June 30, compared with a drop of 4.8 percent in ...

  Bloomberg Rexel SA’s new chief executive officer will review the company’s 2020 targets as partial recoveries in the French construction and oil and gas markets help the electrical-equipment maker meet its goals for this year. The management team will focus on “delivering our 2016 targets, along with reviewing our ...

  AFP Price rises for new homes in China accelerated in July from the previous month, a survey showed on Monday, with some buyers possibly prompted by moves in some cities to curb prices. The average price for new homes in 100 major cities increased 1.63 percent month-on-month in June ...

  Johor Bahru / AFP A planned multi-billion-dollar new city near Singapore is attracting interest from investors with promises of luxury living but there are questions over its future owing to China’s economic woes and warnings of environmental catastrophe. Forest City, a $42 billion futuristic “eco-city” of high-rises and waterfront ...

  Relaxnews To celebrate its title as the longest cable-stayed bridge in Africa, the new Mohammed VI bridge has been adorned with multicolored, variable LED lighting. A RECORD-BREAKING BRIDGE The Mohammed VI bridge was inaugurated by its namesake the King of Morocco earlier in July. At 950 meters long and ...

  AP The Obama Foundation formally announced on Friday that Chicago’s Jackson Park will be home to Barack Obama’s presidential library. “Michelle and I are thrilled that the Obama Presidential Center will be developed in the heart of Chicago’s South Side, a community we call home and that means the ...