Howard Hughes to Shed Overhead, Sell Assets
"We are taking bold and decisive actions to better position the company over the long term," the real estate firm's new CEO says.
Blackstone Buys GLP Warehouse Properties
The $18.7 billion deal is a bet on the future of e-commerce and logistics growth.
Basketball CFO Takes His Shot at Real Estate
For Milwaukee Bucks finance chief Pat McDonough, it was "sink or swim" when he joined the team as it was embarking on a huge real estate development phase.
Blackstone Adds Gramercy to Property Empire
The $7.6 billion acquisition of the commercial property asset manager fits Blackstone's strategy of targeting distribution centers.
Blackstone Misses Estimates, AUM Hits Record
The buyout firm's economic net income rose 36% in Q2 but gains from real estate were offset by a 51% drop in credit investment earnings.
China’s Economy Grows 6.9% in First Quarter
China's leadership still appears to be relying on state-led infrastructure spending and real estate investment to drive growth.
Sale-Leasebacks: Cash Out but Keep Control
Recover capital spent on property purchase and improvements while continuing to occupy and operate the property.
Macy’s Misses Estimates But Stock Climbs 5.6%
CEO Terry Lundgren suggested retail trends are improving and Macy's would meet expectations for its next quarter.
China Life Invests in Starwood Capital Hotels
China's largest insurer acquires a stake in a $2 billion portfolio of select-service hotels as it continues to step up its overseas investments.
Macy’s Shares Rise 17% on Store Closure Plan
"There has to be a rationalization and we're not waiting anymore," Macy's CEO says of the plan to close 100 stores.
Resort Developers Accused of $5.6M Fraud
The SEC says the developers of a complex outside of Atlanta used investor funds to pay for lavish shopping sprees.