Christoph Breit stands atop a squat lookout tower surveying the former Tempelhof airfield, now a vast park where windsurfers barrel down the runways that had been the city’s lifeline during the 1948 Berlin airlift.
U.S. sanctions on Russia are counterproductive and probably won’t make President Vladimir Putin bow to Western demands on Ukraine, said Gernot Erler, the German government’s coordinator for relations with Russia.
German real estate investor Anno August Jagdfeld plans to sell Berlin’s Tacheles building, a former department store that was occupied by squatters until last year, according to a sales prospectus obtained by Bloomberg.
It was 95 degrees Fahrenheit outside the Los Cabos conference center as President Barack Obama and fellow Group of 20 leaders pressed Chancellor Angela Merkel to take the heat out of the crisis-wracked euro area.
A fund managed by Goldman Sachs Group Inc. agreed to buy a building near Berlin’s Brandenburg Gate valued at about 150 million euros ($184 million) from Commerzbank AG, two people with knowledge of the matter said.