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Brief

The dangers of buying a property on a long leasehold instead of a freehold are becoming clearer every day, says @MerrynSW https://t.co/eHGKgCz4Uj pic.twitter.com/1SkZSsI3Nk

— MoneyWeek (@MoneyWeek)

Keppel Infrastructure Trust is nearing an agreement to acquire Ixom, an Australian chemical company controlled by Blackstone Group LP, people with knowledge of the matter said.

A deal may be announced in the coming weeks, the people said, asking not to be identified because the information is private. A sale of Ixom could fetch more than $1 billion, people familiar with the matter said in August.

Acquiring Ixom would help Keppel Infrastructure, led by recently appoin...

Last week, Greg went ...

A vacant lot in a neighborhood can summon a number of reactions: despair, anger, apathy. But many Detroiters are finding ways in which a vacant lot can lift up a community and inspire—even create a place for sanctuary.

Last week, we visited the Garden Detroit in Jefferson-Chalmers, with both a corner lot with hoop house and a plot of nine vacant lots transformed into a lush garden. The land and the flora is ind...

A sprawling oceanfront Florida compound owned by the Ziff family is asking just under $200 million, according to people familiar with the property, making it one of the highest priced listings in the country.