Orco Property Group SA fell the most in 15 months as asset writedowns worth more than half the central European developer’s market value sparked the deepest loss since the company got protection from creditors in 2009.
Lower Manhattan’s 1 World Trade Center was deemed the tallest tower in the U.S. by the Council on Tall Buildings and Urban Habitat, which ruled that the skyscraper’s 408-foot spire is part of its architecture.
Daniel Libeskind, architect of the World Trade Center site, says the new construction at the site will be the "center of Manhattan." Libeskind talks with Bloomberg's Tom Keene and Sara Eisen on Bloomberg Radio's "Bloomberg Surveillance."
Seoul’s Yongsan area, for a century the site of Japanese and U.S. military bases, is set to be remade in a $26 billion project that will add office towers to a city where the vacancy rate is almost 10 percent.