Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

For the Record

The Mayor's Office will found the Territorial Preparation Management Agency, which will create a register of lots for development and hold auctions for their rental to developers after confirming their title clearance and utilities access, Kommersant reported, adding that the agency will initially handle about 400 sites, and eventually handle 3,000 sites worth a total of $15 billion.