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Bob Evans Farms intends to sell and lease back some of its restaurant properties, targeting proceeds of $165 million to $170 million.
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The government is trying to coax banks back to making mortgage loans to risky borrowers, after a string of expensive disputes over a federal loan program led some banks to conclude it wasn’t worth the headaches.
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U.S. construction spending rose to the highest level in more than seven years in July, suggesting that the housing market and business investment can help underpin economic growth amid turbulence outside American borders.
Macy’s is the latest major retailer to consider spinning off its real-estate assets into a separate company. But first it will have to decide what to do with its prized asset, the landmark building at New York’s Herald Square.
Since voters in Colorado legalized recreational use of marijuana in 2012, growers and distributors have gobbled up most of the available warehouse space in the Denver area, a major logistics hub for companies moving goods between the Midwest and the West Coast.
Rising pace reflects improving economy and low interest rates, construction group says.
Hong Kong property company Great Eagle recently invested $25 million in NeueHouse, a New York-based provider of upscale co-working space. Its plan is to open a number of co-working spaces adjacent to Great Eagle’s new lifestyle hotel brand.
U.S. investor TIAA-CREF and Swedish National Pension Funds AP1 and AP2 have teamed up on European office investments.
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McDonald’s has told investors it wouldn’t rule out the possibility of spinning off its real estate, but some analysts say the arguments against a REIT far outweigh those for it.
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The private-equity veteran’s 54 Madison Partners will focus on hotels and hospitality.
The shared-office trend that vaulted New York-based startup WeWork to a $10 billion valuation is taking off in a new market: China.
The owner of Miami Beach’s swanky Shore Club has picked Brazilian hospitality company Fasano to run the site’s new luxury hotel and condominium.
The median size of U.S. homes built in the second quarter declined from the record set in the previous quarter, suggesting builders are starting to shift toward producing more entry-level homes.
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Strategic Hotels & Resorts said its board is exploring possible strategic alternatives, including a potential sale of the luxury hotel company.
Investors are pushing commercial real-estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating.
The Trump Hotel Collection, a small but growing part of Donald Trump’s business empire, has hired hospitality veteran Eric Danziger as its first chief executive officer.
The supply of senior housing is expanding at a rapid clip in many major metropolitan areas across the Sunbelt and elsewhere, raising concerns that builders are racing ahead of demand.
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For Douglas Elliman’s Vickey Barron, August is the busy season. Her current project, Ralph Walker Tribeca at 100 Barclay St., has generated a spate of activity this month, including deals on six condos in just six days.
Developer Stephen Ross is renowned in real estate for high-profile projects around the country and in sports for his ownership of the Miami Dolphins. Now he is looking to make a name for himself in drone racing.
Bill Gates’s Cascade Investment Inc. disclosed it had acquired 1.7 million shares of luxury hotel owner Strategic Hotels & Resorts Inc. Cascade also indicated it was interested in approaching Strategic about a potential takeover or other deal.
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Newmark Grubb Knight Frank is being replaced as the leasing agent for the Empire State Building. The switch, to JLL, seems strange to many in the real-estate industry because of Newmark’s key role in helping reposition the tower.
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A roundup of commercial real-estate news from the Greater New York region.
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TIAA-CREF announced that it has raised $3 billion for its second global farmland-investment partnership, part of a recent wave of cropland investments by institutional investors.
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Last August, Chilean billionaire Horst Paulmann completed what he expected to be a crowning achievement of his business career: South America’s tallest building. But the development is turning into a black eye.
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Faced with a slowing local economy, real estate investment firms in Chile are attempting creative ways to continue to earn a profit.
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J.P. Morgan Chase is lowering the minimum down payment and credit score for some big mortgages, as lenders vie to cater to borrowers in the high-end housing market.
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Hotel sales world-wide are on a scorching pace for 2015 after totaling $42 billion in the first half.
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Wall Street firms have found a new way to profit from consumers with blemished credit who can’t qualify for a mortgage: let them rent a home first with the option to buy it later.
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India’s Prime Minister Modi conceived of the Gujarat International Finance Tec-City, or GIFT, more than seven years ago. But the ambitious project has seen only halting progress.
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Housing markets in some big Chinese cities are starting to heat up, but smaller markets like Changchun in northeastern China show few signs of thawing.
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Condos accounted for just 5.5% of all construction of multifamily housing in the U.S. in the first quarter, the lowest ratio on record, as demand has been hit by post-crisis rules on condo mortgages and by some consumers’ shift in favor of renting.
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Tech and advertising companies love New York’s quirky old loft buildings and hip, unconventional neighborhoods. Trouble is, connectivity can be primitive.
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Myanmar’s decision to ax the $300-million Dagon City development and four others has left developers wondering if their investments are safe in the fast-growing real-estate market.
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The turbulence in Greece has crossed the Ionian Sea, foiling plans for two Italian real-estate firms preparing to list shares on the Milan stock exchange.
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The Chinese contractor for a stalled $3.5 billion project in the Bahamas wants the developer tossed from bankruptcy in the U.S.
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Zillow Group Inc. approved a dividend that will issue nonvoting Class C capital stock to its existing shareholders.
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Fundamental Advisors, a private-equity firm that focuses on distressed assets, led a buying group that became the latest to acquire a hotel in Puerto Rico.
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Macy’s and other stores are coming under renewed pressure to cash in on their real estate as property values soar.
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The prime minister of the Bahamas moved to take control of an unfinished $3.5 billion resort in Nassau, setting the stage for a battle over the project between the government and the local billionaire family developing it.
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Starboard Value is pushing Macy’s to unlock the value of its vast real-estate holdings through a spinoff. Starboard says Macy’s real estate holdings are worth about $21 billion.
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WeWork Companies has seen its valuation double in six months to $10 billion as investors bet its hip, communal office spaces will upend the sector. Similar wagers went sour after the dot-com bubble burst.
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The hotel-management company founded by Andre Balazs acquired a 51% stake in Bunkhouse, owner and operator of four small boutique properties in Texas.
Flagler Street, Miami’s historic main street lined with beauty parlors and variety stores, is attracting serious investors who are paying high prices for low-rent properties.
The developers of a large resort in the Orlando area hope to capitalize on a demographic trend driven largely by aging baby boomers: multigenerational travel.
One of the fastest-growing recent trends among big retail and restaurant chains has been sale/lease-backs, where retailers sell their stores, pocket the profits and then lease the stores back from the buyer.
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Despite relatively high office vacancy rates, some investors are starting to pay up for office buildings in midsize office markets such as Phoenix on the bet that vacancies will soon fall and rental rates will rise.
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Puerto Rico’s worsening debt crisis has whet the appetite of a small but devoted group of distressed investors, including hedge-fund manager John Paulson, who are buying hotel properties.
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A record apartment complex sale on Los Angeles’ west side shows some real-estate investors are betting that already high rents in the city still have room to grow.
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The Independent, a 58-story building that will reach 685 feet in height in Austin, Texas, is slated to be the tallest predominantly residential building west of the Mississippi River.
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As the competition to sell luxury condos heats up, some developers are embracing an unusual strategy to attract buyers: offering to donate a portion of the sales proceeds to charity.
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The long, narrow greenways are becoming popular in urban settings, and studies have demonstrated a correlation between walkability in an area and property values.
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The self-storage industry—benefiting from a scarcity of new supply coupled with population growth and a strengthening economy—is attracting investors eager to lock in stable returns.
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Denver’s skyline is getting a glassy new addition, its first in three decades, providing evidence that the U.S. office sector is strengthening beyond the largest coastal markets.
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One South Wacker in downtown Chicago sold for $344 million last week, 56% higher than what the owner paid for the building just 2 ½ years ago.
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As prices for multifamily properties in big cities escalate, some investors are setting their sights on smaller markets where prices are lower and yields are higher.
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The Pro Football Hall of Fame plans to dip into Walt Disney’s playbook to build a sports version of the famed entrepreneur’s theme parks.
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A number of companies—especially mature firms or those with older workers—are leaving the city for the suburbs, bucking a downtown push seen from the technology industry.
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With office and residential space in San Francisco and Silicon Valley becoming scarcer by the day, the East Bay city of Fremont, Calif., is girding for some spillover.
Despite challenges both practical and financial, a handful of determined homeowners have integrated slides into their homes
The retired tennis pro has moved closer to where his wife, actress Brooklyn Decker, is working
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Beautiful beaches and fresh seafood delivered to the door are among the draws for one couple.
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For an display of summer’s last-gasp blooms, floral designer Lindsey Taylor riffs on a 1971 Lee Krasner painting whose title translates, appropriately, to ‘rebirth.’
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