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Luxury Apartment Sales Plummet in New York City
News 6 hours ago
Luxury Apartment Sales Plummet in New York City

Sales of the most expensive New York apartments fell sharply in the first half of the year, pushing sellers to cut asking prices....

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China's Anbang Looks to Sell U.S. Luxury Hotels
News 1 day ago
China's Anbang Looks to Sell U.S. Luxury Hotels

The insurer paid $5.5 billion in 2016 to acquire the portfolio that includes properties in Manhattan, Chicago and Miami, but it’s now looking to...

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U.S. Housing Starts Bounced Back in July
News 4 days ago
U.S. Housing Starts Bounced Back in July

U.S. housing starts rebounded in July, with single-family construction and apartment building picking up from a sharp drop in June....

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Good Isn't Good Enough at Macy's
News 4 days ago
Good Isn't Good Enough at Macy's

The department store has solid earnings and raises guidance, but that isn’t enough for investors after a big stock run....

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Arconic Shops Unit That Made Panels in Grenfell Fire
News 2 weeks ago
Arconic Shops Unit That Made Panels in Grenfell Fire

Arconic Inc. said it is looking to sell the unit that made the building panels involved in last year’s deadly Grenfell Tower fire in London....

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Out of Stock Online? Zara Will Ship From Stores Instead
News 2 weeks ago
Out of Stock Online? Zara Will Ship From Stores Instead

Fast-fashion giant Zara is equipping its stores to also ship online purchases, betting that the move will boost sales of full-priced items that can...

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Record Drop in Foreigners Buying U.S. Homes
News 3 weeks ago
Record Drop in Foreigners Buying U.S. Homes

Foreign purchases of U.S. homes fell a record 21%, posing a fresh challenge to the slumping housing market, which has shown few signs of turning...

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U.S. New-Home Sales Dropped in June
News 3 weeks ago
U.S. New-Home Sales Dropped in June

U.S. new-home sales fell in June, while inventories built up and home prices dropped, potentially signs of weakness in the housing market....

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Three Internet Bosses Lead List of Top-Paid Retail CEOs
News 3 weeks ago
Three Internet Bosses Lead List of Top-Paid Retail CEOs

The highest-paid chief executive in the retail industry didn’t run the biggest store chain, or the fastest-growing one, or a company most would...

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IKEA Lets Some Take DIY Off the Table
News 4 weeks ago
IKEA Lets Some Take DIY Off the Table

The Swedish retailer plans to open its first store in India next month—and has learned that many shoppers there would be unlikely to buy furniture...

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Mickey Mouse, Meet Homer and the 'Avatar' Crew
News 1 month ago
Mickey Mouse, Meet Homer and the 'Avatar' Crew

With its deal to acquire entertainment assets from 21st Century Fox, Disney is close to snaring popular properties including ‘The Simpsons’ and ...

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U.S. Housing Starts Dropped Sharply in June
News 1 month ago
U.S. Housing Starts Dropped Sharply in June

U.S. housing starts fell starkly in June after making solid gains the prior month, as single-family home construction and apartment building...

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Gap Sues Westfield Over Mall Expenses as Tensions Rise in Retail World
News 1 month ago
Gap Sues Westfield Over Mall Expenses as Tensions Rise in Retail World

The fashion retailer is suing the high-end mall operator for allegedly overcharging maintenance fees in an action that underscores the sometimes...

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U.S. Warehouse Supply At Its Tightest in Two Decades
News 1 month ago
U.S. Warehouse Supply At Its Tightest in Two Decades

As consumers increasingly do their shopping online, the availability of warehouse space to store those goods and fulfill orders is declining across...

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Disney Pays $650 Million to Develop New Campus in Lower Manhattan
News 1 month ago
Disney Pays $650 Million to Develop New Campus in Lower Manhattan

The Walt Disney Co. is selling its Upper West Side Manhattan campus and developing new offices downtown for its New York operations, the company...

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Oaktree Expected to Make Bid for Claire's
News 1 month ago
Oaktree Expected to Make Bid for Claire's

Claire’s Stores is expected to receive a bid in bankruptcy court from Oaktree Capital Management, a junior bondholder in the accessories chain....

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Supermarkets Deploy Sausage Stations, Dad Jokes to Lure Male Shoppers
News 1 month ago
Supermarkets Deploy Sausage Stations, Dad Jokes to Lure Male Shoppers

As more men do the household food shopping, grocery stores roll out guy-friendly amenities and rewards like beer dens, butchery classes, gasoline...

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Affluent---and Angry---Homeowners Raise Ruckus Over Roar of Overhead Planes
News 1 month ago
Affluent---and Angry---Homeowners Raise Ruckus Over Roar of Overhead Planes

Residents in some high-end neighborhoods are complaining to authorities and the courts about the FAA’s NextGen program, but home values in some...

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Hobby Lobby, Burlington Expected to Move Into Empty Toys 'R' Us Stores
News 1 month ago
Hobby Lobby, Burlington Expected to Move Into Empty Toys 'R' Us Stores

Hobby Lobby, Burlington Stores and TJX are among the retailers expected to fill the spaces vacated by defunct retailer Toys “R” Us, according to...

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Mall Vacancy Rate Hits Six-Year High
News 1 month ago
Mall Vacancy Rate Hits Six-Year High

Malls are the emptiest they’ve been since 2012, when the U.S. economy was still struggling to recover from the last recession, as more consumers...

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Target, Walmart Automate More Store Tasks
News 1 month ago
Target, Walmart Automate More Store Tasks

Target Corp. plans to add automatic cash-counting machines to its nearly 2,000 stores starting this summer, following other retailers who are...

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IRS Nominee Owns Property at Trump-Branded Project in Hawaii
News 1 month ago
IRS Nominee Owns Property at Trump-Branded Project in Hawaii

President Donald Trump’s nominee to run the IRS is likely to face questions at his confirmation hearing Thursday about his ownership of real estate...

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Disney, American Campus in Talks on Housing for Mickey and Donald Trainees
News 1 month ago
Disney, American Campus in Talks on Housing for Mickey and Donald Trainees

A real-estate investment trust that focuses on student housing cut a tentative deal with Disney to develop and operate housing for students in the...

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Education Realty Trust Confirms Sale to Greystar Affiliate
News 1 month ago
Education Realty Trust Confirms Sale to Greystar Affiliate

Education Realty Trust, a college-housing REIT, is selling itself to a Greystar Real Estate Partners affiliate for $3.15 billion....

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U.S. Existing Home Sales Fell in May
News 2 months ago
U.S. Existing Home Sales Fell in May

Sales of previously owned U.S. homes declined in May for the second consecutive month, signaling that a runup in prices, rising mortgage rates and...

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Global Economy Week Ahead: U.S. Housing Starts, Brazil Rate Decision, Eurozone PMI
News 2 months ago
Global Economy Week Ahead: U.S. Housing Starts, Brazil Rate Decision, Eurozone PMI

In the week ahead, the U.S. will see data on housing starts and home sales, while Brazil’s central bank makes an interest-rate decision and...

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Chicago Picks Musk's Boring Co. for O'Hare Express Service
News 2 months ago
Chicago Picks Musk's Boring Co. for O'Hare Express Service

Elon Musk’s Boring Co. was picked to finance and build an express train from the downtown Loop neighborhood to Chicago’s O’Hare International...

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Sam Zell Apologizes For Using Lewd Comment to Refer to Women
News 2 months ago
Sam Zell Apologizes For Using Lewd Comment to Refer to Women

Property magnate Sam Zell has apologized to the organizer of a real estate association conference for using a lewd term to refer to women,...

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U.S. Net Worth Surpasses $100 Trillion
News 2 months ago
U.S. Net Worth Surpasses $100 Trillion

The total net worth of U.S. households rose to over $100 trillion for the first time during the first three months of 2018, as rising property...

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Sam Zell Uses Vulgarity in Discussing Hiring of Women
News 2 months ago
Sam Zell Uses Vulgarity in Discussing Hiring of Women

The property magnate made the remark to refer to women in arguing he promotes people on merit and not gender, in response to an interviewer's...

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