Historic London shopping arcade seeks $500M buyer

A historic London shopping centre is getting ready for its ultimate sale… itself. Burlington Arcade, in the capital’s swanky Mayfair neighborhood will soon be put on sale for £400 million (approximately $505 million), reports The Spaces. Commissioned by Lord George Cavendish and designed by architect Samuel Ware, Burlington Arcade opened in March 1819, for “the […]

New York surpasses London as the world’s most expensive city in which to employ workers: Savills

New York has surpassed London as the world’s expensive city in which to employ workers, despite recent indications that office and residential rent growth is slowing, according to a new study by international brokerage firm Savills. Savills analysts attributed the shift in part to the impact of a dip in the value of the British […]