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U.S. Housing Starts Dropped Sharply in June
News 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 7 months 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 8 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 8 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 8 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 8 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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