It took just one 15-minute phone call in July to persuade Ifei Chang to join Shanghai-based developer Greenland Holding Group Co. and lead a U.S. expansion. Within three months, she was running $6 billion of projects as part of a record push by Chinese investors into American property.
A California state senator, the third to face charges this year, was accused with 25 other people in a conspiracy that federal prosecutors said included firearms trafficking, money laundering, murder-for-hire and drug distribution.
Office landlords will gain leverage to raise rents in all but one of 43 large U.S. cities by 2016 as rising demand for space in an improving economy combines with tight supplies, Jones Lang LaSalle Inc. said today.
A 64-year-old physicist, identified by Newsweek magazine as Bitcoin’s creator, was chased by reporters through Los Angeles and denied any role in the digital currency, saying he first heard of it three weeks ago.
The largest auction of troubled assets in the commercial mortgage-backed securities market is showing the strength of investors’ appetites for real estate as more distressed properties from the crash come up for sale.