Brookfield Office Properties , lower Manhattan’s biggest office landlord, said first-quarter funds from operations rose 14 percent as the Australian properties it acquired last year contributed to income.
Long lines of tractor-trailers filled with electronics, apparel and home-improvement goods crowd Interstate 10 through Southern California’s Inland Empire. The trucks are headed for a growing number of warehouses that are displacing the citrus groves that once dominated the area.
AOL Inc.’s patent portfolio would be valued at about $290 million in a sale, less than a third of the amount that shareholder Starboard Value LP has estimated it could generate, according to patent-advisory firm M-Cam Inc.
At 21, Steve Morgan borrowed 5,000 pounds ($8,100) from his father to start a business that would become U.K. homebuilder Redrow Plc. Four decades later, he says he couldn’t repeat the feat in Britain.
Tobacco companies’ claims that Australia was illegally seizing their trademarks with a law requiring cigarettes to be sold in plain packages was questioned by judges who said companies would still retain their brand names on the new packs.
Blackstone Group LP agreed to buy 69 warehouses valued at about $800 million from Australia’s Dexus Property Group, expanding its bet on a U.S. economic recovery, according to a person with knowledge of the deal.