Real Estate

Trump close to a deal to sell marquee DC hotel

Former President Donald Trump’s family company is in advanced discussions to sell the rights to its opulent Washington, D.C., hotel in a deal worth more than $370 million, say people familiar with the matter.

New Zealand raises interest rates as inflation, housing pressures build

New Zealand largely kept out COVID-19 by closing to the outside world, a policy accompanied by stimulus to keep the economy moving. Now the resulting labor shortages and surging demand, notably for housing, have led it to become one of the first developed economies to raise interest rates since the pandemic began.