Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn’t have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco.
JD.com, the online retailer backed by Saudi billionaire Prince Alwaleed bin Talal, filed to raise $1.5 billion in the first Chinese initial public offering in the U.S. since a judge suspended accounting firms.
The Internet’s address-system manager will indefinitely delay announcing which companies applied for new Web suffixes as it diagnoses a breakdown that’s kept its application system offline since April 12.
New York City’s five public pension funds, with assets of more than $150 billion, would be allowed to invest more in hedge funds, private equity and international bonds under a bill in the state senate.
LinkedIn Corp. ’s success is inspiring Web companies to limit the amount of shares they sell in initial public offerings, fueling concern that scarcity will inflate stock values and contribute to another dot-com bubble.