Billionaire Stephen Ross’s Related Cos. new project in the sleepy end of downtown Los Angeles is designed to invigorate Grand Avenue the way its Time Warner Center helped energize New York’s Columbus Circle.
International Property Developers announced plans to build a $3.5 billion office, residential, hotel and retail project in downtown Chicago, including a 120- story tower that would be the tallest in the U.S.
An Andy Warhol “Dollar Sign” is among artworks worth as much as $3 million being sold by Ireland’s National Asset Management Agency (NAMA) to recoup some of the debts of real-estate investor Derek Quinlan.
Redwood Trust Inc., the only issuer of new home-loan securities without government backing since the market froze, plans to sell bonds tied to $375 million of so- called jumbo mortgages, in the second deal this year.
Southern California residential rents are likely to rise for two years as home prices climb and apartments remain in short supply, according to a study by the University of Southern California’s Lusk Center for Real Estate and the state’s Realtors group.