Bernard Winograd, a retired Prudential Financial Inc. executive who earlier helped devise the initial public offering for luxury-mall developer Taubman Centers Inc. in 1992, a milestone in the growth of real estate investment trusts, has died. He was 63.
Anixter International Inc., the parts maker for cable and specialty wiring systems that counts investor Sam Zell and his son Matthew as board members, is working with Goldman Sachs Group Inc. to find a buyer, people with knowledge of the matter said.
An expansion by online retailers including Arezzo Industria & Comercio SA and Walmart.com is causing warehouse space in Brazil to double in size, luring foreign investors from Prologis Inc. to Goodman Group.
Billionaire investor Sam Zell has joined a slate of nominees by investors seeking to overthrow the board of CommonWealth REIT, the U.S. office landlord being targeted by claims of mismanagement and conflicts of interest.
Tribune Co.’s proposed spinoff of its newspapers will probably happen by midyear, allowing time to vet candidates to run a business that includes the Los Angeles Times and Chicago Tribune, people with knowledge of the matter said.
The Federal Reserve’s effort to jolt the U.S. economy to life by pumping cash into the financial system is causing price gains on everything from stocks to apartment buildings to outpace growth, according to billionaire real-estate investor Sam Zell.
Tribune Co. ’s bankruptcy judge said he isn’t yet ready to decide whether potential lawsuits against company Chairman Sam Zell related to the billionaire’s $8.2 billion buyout of the newspaper publisher “have merit.”