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UK Bedroom Tax May Drive Residents into Expensive Rentals

The U.K. “Bedroom Tax” which is slated to come into effect from April 2013 might cost the local and council housing association tenants a fortune, while also forcing them to pay more in taxes. However, following constant charges from housing associations and charities, Iain Duncan Smith, U.K. Secretary of State for Work and Pensions has been forced to review the reform.

BMW to Move Distribution Center to Redlands, California

German luxury auto manufacturing giant, BMW will be moving operations of the Ontario distribution center/ warehouse to the outskirts of Redland, California. Construction on the new warehouse will start in the second quarter of 2013 and is expected to be completed by 2014.

Amazon Seeking Office Space in New York

The Seattle based e-commerce retailing giant, Amazon.com is seeking office space of around 500,000 square feet in New York City. The deal would be a big jump for the company as it already owns 100,000 square feet of office space in Manhattan.