Here’s the best-performing retailer in the world, which you’ve never heard of

The all-purpose apparel store is called V-Mart and it’s unlikely you’ve ever been there. But the Indian department store chain is the best-performing retailer in the world according to Bloomberg’s data, which only considers chains with a minimum market cap of $200 million. Since V-Mart’s IPO in 2013, its shares have gone up by a[…]

Amal and George Clooney are staying in “illegal transient hotel” in Soho

The latest celebrity couple to stay at a Soho rental recently raided by authorities seems to have no inkling as to the townhouse’s sordid past. The New York Post reports that the Sullivan Street property they’re renting is owned by Richard Fertig, a self-described “serial entrepreneur” who focuses on managing short-term rentals and seems to[…]

Here’s why industrial REITs are outperforming all others

Thanks to e-retailers like Amazon, industrial REITs are on the upswing. Though online shopping still only counts for under 10 percent of retail sales, the potential is already transforming supply chains, which starts with warehouses, according to Bloomberg. REITs like Prologis, Rexford Industrial Realty and Terreno Realty are doing notably well with returns over 16[…]

China’s biggest developer threatens firings, fines unless sales are made

Country Garden Holdings is trying to fight looming housing market regulations with threats and incentives. As Chinese authorities crackdown on property speculation, which analysts predict will lead to less sales in 2018, the developer told its 4,000 staff to make sales happen or risk losing their jobs, according to an internal document obtained by Bloomberg.[…]

Guess how China’s biggest developer is selling homes in a cooling market? By threatening firings, fines

Country Garden Holdings is trying to fight looming housing market regulations with threats and incentives. As Chinese authorities crackdown on property speculation, which analysts predict will lead to less sales in 2018, the developer told its 4,000 staff to make sales happen or risk losing their jobs, according to an internal document obtained by Bloomberg.[…]