Two national hotel-industry groups are suing Los Angeles, arguing a recent minimum-wage increase unfairly targets the hospitality business and that certain provisions interfere with federal labor law.
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Bolivia, one of Latin America’s poorest countries, is experiencing a spurt in economic growth that has ignited a boom in the real-estate sector.
The Manhattan condominium and co-op apartment market is setting numerous records in 2014 partly thanks to high sales of units costing more than $10 million, according to a new report.
Several retail, residential and commercial real-estate projects are giving new vibrancy to the commercial corridor of Harlem’s 125th Street.
Ahead of the Tape: Home builders are smiling like it is the 2005 boom. They are building like it is the 2008 bust.
Developers are raising hundreds of millions of dollars for U.S. building projects through the EB-5 visa program, which offers green cards to foreigners whose investments create U.S. jobs.
Real-estate firm Cushman & Wakefield has agreed to pay about $100 million to acquire Massey Knakal, a boutique brokerage.
Investors from Canada and the U.S. pumped $39 billion into U.K. real estate in the past 24 months.
London’s city hall has sold the capital’s famous police headquarters, known as New Scotland Yard, to the Abu Dhabi Financial Group for £370 million ($580 million) as part of a drive to reduce public-sector costs.
Facing rising land prices, the charity, which provides homes for low-income families, is placing more emphasis on buying and renovating existing homes in the U.S.
A planned waterfront hotel has been the focus of an acrimonious debate between residents who want to expand the city’s tourism sector and others who want to preserve its fishing and seafood industry.
The real-estate firm is purchasing a $3.5 billion portfolio of northern California office properties owned by Blackstone Group LP.
Fannie Mae, Freddie Mac and their regulator provided details Monday for a low down-payment mortgage program, which could open homeownership to thousands of cash-strapped borrowers.
Bank of China has agreed to pay nearly $600 million for 7 Bryant Park, a 28-story building being constructed on Sixth Avenue and 40th Street, according to people familiar with the matter.
The Bank of China has reached a deal to buy a Manhattan office tower for nearly $600 million, according to multiple people familiar with the agreement, marking the latest display of Chinese investment in trophy U.S. properties.
The bribery trial of the Kwok brothers, Hong Kong billionaires, and the city’s former No. 2 official will soon go to the jury.
ClubCorp, the largest owner of private golf and country clubs in the U.S., said won’t convert into a real-estate investment trust.
Across China, Dalian Wanda is setting up more than a dozen amusement parks, and it is building space rides and flight simulators to attract tourists. Its recipe for how to beat the foreign brands at their game: target lower-profile cities like this central manufacturing hub.
Dalian Wanda Commercial Properties, the real-estate arm of Wanda Group, and BAIC Motor, a Chinese car maker partly owned by Daimler AG, are seeking to raise a combined $5.4 billion in IPOs in Hong Kong this month.
New York City’s financially strapped public-housing authority will get hundreds of millions of dollars by selling a 50% stake in nearly 900 apartments to private developers.
Newmark’s parent company is acquiring Apartment Realty Advisors, one of the largest brokers of apartment buildings in the U.S., for about $110 million.
Songbird Estates, the owner of London’s Canary Wharf business district, has rejected a sweetened $4.08 billion takeover offer its Qatar-backed suitors, saying it doesn’t reflect the full value of the company.
Blackstone agreed to sell its northern California portfolio of 26 office buildings for $3.5 billion to a Los Angeles-based real-estate investment trust, its largest office sale in seven years.
A roundup of commercial property news from across the tri-state region.
Jonathan Litt is a rare activist investor targeting real-estate investment trusts. His small hedge fund has had outsize influence in a business known for being clubby and insular.
Panama, which became a magnet for foreign investors in recent years, has found a downside to its surging economy: It has built too many offices and hotels.
Stockbridge Capital Partners said Sam Nazarian no longer would be involved in the management of the new SLS Las Vegas hotel and casino that Stockbridge controls.
ThyssenKrupp is working on a cable-free elevator that would allow multiple cars to run in the same shaft, and to run sideways and diagonally as well as up and down.
Miami has been a magnet for wealthy South American home buyers for years. Now, developers are setting their sights set on buyers from China.