13 May, 2016 by The TZ Newswire Staff Comments Off on Luxury sales down in core global cities but on the rise in emerging markets
Luxury sales down in core global cities but on the rise in emerging markets
Are Jackson Hole and Auckland the new London and New York?
A new Christie’s International Real Estate survey shows that while global luxury home sales – defined as properties valued at north of $1 million – were up 8 percent last year, luxury sales in Manhattan, Hong Kong and central London all declined to the tune of 5 percent, 12 percent and 4 percent, respectively.
13 May, 2016 by The TZ Newswire Staff Comments Off on Capitol Report: Trump attacks Bezos after disclosure 20 reporters looking into candidate’s past
Capitol Report: Trump attacks Bezos after disclosure 20 reporters looking into candidate’s past
Presumptive Republican presidential nominee Donald Trump attacks Jeff Bezos over antitrust and taxes after the disclosure that 20 reporters from the Bezos-owned Washington Post are examining the candidate.
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13 May, 2016 by The TZ Newswire Staff Comments Off on SFL – Sale of older VLCC
SFL – Sale of older VLCC
13 May, 2016 by The TZ Newswire Staff Comments Off on With low expectations met, improvement for European earnings in sight
With low expectations met, improvement for European earnings in sight
Rising oil prices and prospects for rising inflation should improve the European earnings results this year, UBS says.
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13 May, 2016 by The TZ Newswire Staff Comments Off on Chinese economic growth is like sausages. It’s better not to know how it’s made
Chinese economic growth is like sausages. It’s better not to know how it’s made
Everyone wants the Chinese growth but it’s built on a mountain of debt
The expression about sausage is apt today because Chinese sausage maker Nanjing Yurun Foods Co. defaulted today for the second time in three months.
13 May, 2016 by The TZ Newswire Staff Comments Off on Manhattan commercial vacancies hit 9% in first quarter
Manhattan commercial vacancies hit 9% in first quarter
The vacancy rates for Manhattan commercial properties hit a post-financial crisis low in the first quarter of 2016, but new leasing activity was down, according to a report by New York City Comptroller Scott Stringer.
Vacancies hit 9 percent between January and March of this year, down from 9.2 percent in the first quarter of 2015, the lowest level since the first quarter of 2008. Midtown South saw the fastest decline, with rates dropping to 6.3 percent from 7 percent last year.
13 May, 2016 by The TZ Newswire Staff Comments Off on SmarTrend Morning Call for May 13, 2016
SmarTrend Morning Call for May 13, 2016
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