Sep 18, 2013

U.S. to seize NYC tower allegedly tied to Iran

The United States is set seize control of a midtown Manhattan skyscraper that prosecutors claim is secretly owned by Iran, the Justice Department said Tuesday, though the ruling is to be appealed. The seizure and sale of the 36-story building, in the heart of ...

Tokyo bests New York, Paris for property rents

Sep 13, 2013

Tokyo bests New York, Paris for property rents

Tokyo is the best city for residential-property returns, broker Savills PLC said, because Prime Minister Shinzo Abe’s policies are stimulating the economy and increasing investor confidence. Tokyo, chosen to host the 2020 Olympics, has “extremely attractive” gross rental yields of 4.7 percent compared with ...