"We are taking bold and decisive actions to better position the company over the long term," the real estate firm's new CEO says.
The $18.7 billion deal is a bet on the future of e-commerce and logistics growth.
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.
The $7.6 billion acquisition of the commercial property asset manager fits Blackstone's strategy of targeting distribution centers.
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 leadership still appears to be relying on state-led infrastructure spending and real estate investment to drive growth.
Recover capital spent on property purchase and improvements while continuing to occupy and operate the property.
CEO Terry Lundgren suggested retail trends are improving and Macy's would meet expectations for its next quarter.
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.
"There has to be a rationalization and we're not waiting anymore," Macy's CEO says of the plan to close 100 stores.
The SEC says the developers of a complex outside of Atlanta used investor funds to pay for lavish shopping sprees.
Some industry watchers say the workspace provider could be suffering from "a real estate bubble that it — and its competitors — helped to create.”
