Kushners Unload 666 Fifth Ave. to Brookfield in 99-Year Lease

, , , , , , , , , , , ,

The Kushner family’s real estate company has secured a crucial investment in its over-leveraged New York skyscraper, reaching a deal to lease the building’s office space for 99 years to a Canadian asset manager. The arrangement with disclosed. The Kushner family’s years-long hunt for a partner has at times drawn intense public scrutiny, as talks […]

Read More...

The End of the Global Housing Boom

, , , , , , , , , , ,

From London to Sydney and Beijing to New York, house prices in some of the world’s most sought-after cities are heading south. Tax changes to damp demand, values out of kilter with affordability and tougher lending standards have combined to undermine the market. That could have wider implications because the world’s wealthy have been buying […]

Read More...

Electric Buses Are Hurting the Oil Industry

, , , , , , , , , , , ,

About 279,000 barrels a day of fuel won’t be needed this year China adds a London-sized electric bus fleet every five weeks Source: Bloomberg New Energy Finance For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market, according to BNEF calculations. This year, […]

Read More...

The Worlds Highest Paid Expats Live in This Place

, , , , , , , , , , , , ,

Go East, expatriates looking to make the big bucks. Mumbai, India’s financial, commercial and entertainment capital, tops global rankings for expat salaries, according to a survey conducted by HSBC Bank International Ltd. Foreigners moving to the subcontinent’s most populous city reported average annual earnings of $217,165. That’s more than double the global expat average of $99,903, the […]

Read More...

For Chinas Wealthy, Singapore Is the New Hong Kong

, , , , , , , , , , ,

When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sentosa, the chatter during tea breaks kept returning to one theme: Hong Kong is starting to be eclipsed by Singapore as the favorite destination for the wealth of China’s rich. At stake for banks in both […]

Read More...

Billionaire Bloomberg to fund $5m public health projects in 40 cities worldwide

, , , , , , , , ,

Exclusive: Melbourne, Accra and Ulaanbaatar among cities to benefit from funding pledged by former New York mayor to tackle issues from air pollution to obesity Michael Bloomberg, the billionaire bte noire of both the sugar industry and the tobacco industry, famously fought for a ban on the sale of large-sized colas and other sweet drinks […]

Read More...