Developers Want Malls to Become Warehouses or Offices. It Is a Slog.

By Esther Fung Updated Jan. 19, 2021 8:40 am ET Many developers look at failing malls and envision modern office campuses, bustling warehouses or residential buildings. But some are finding that converting these shopping centers isn’t so easy. Repurposing a mall is expensive. New owners typically need to shell out hundreds of millions of dollarsContinue reading “Developers Want Malls to Become Warehouses or Offices. It Is a Slog.”

Car-Safety Regulators Urge Tesla to Recall Around 158,000 Vehicles

Federal regulators are asking Tesla Inc. TSLA 2.23% to recall about 158,000 vehicles over safety concerns in what would amount to one of the biggest safety actions by the electric-vehicle maker.   The National Highway Traffic Safety Administration asked Tesla in a Jan. 13 letter to recall some Model S luxury sedans and Model XContinue reading “Car-Safety Regulators Urge Tesla to Recall Around 158,000 Vehicles”

Big Real-Estate Firms Turn Buyers of Their Own Shares

Some publicly traded real-estate companies have found a buyer for their shares, despite empty offices, deserted hotels and reeling shopping malls—the companies themselves.   Real-estate owners, including SL Green Realty Corp. and Healthcare Trust of America Inc., say stock-market investors have significantly undervalued their property holdings compared with what they could fetch in the privateContinue reading “Big Real-Estate Firms Turn Buyers of Their Own Shares”

Rental Home Construction Climbs as Purchase Prices Surge

There haven’t been so many single-family homes under construction in the U.S. since 2007, yet many of these new houses won’t be for sale.   Investors are building tens of thousands of houses expressly to rent in a bet that Americans will keep flocking to spacious suburban living even if they can’t afford to buyContinue reading “Rental Home Construction Climbs as Purchase Prices Surge”

Londoners Searching for More Space During Covid Are Buying Up English Country Manors

The pandemic is having an unexpected side effect. Suddenly, Britons are eager for the space and grandeur of a country manor house. They are breathing life into Britain’s prime country house real-estate market after a malaise in that sector that has lasted for more than a decade.   Sales volume of country homes priced betweenContinue reading “Londoners Searching for More Space During Covid Are Buying Up English Country Manors”

The Big Thaw: How Russia Could Dominate a Warming World

Climate change is propelling enormous human migrations as it transforms global agriculture and remakes the world order — and no country stands to gain more than Russia. by: Abrahm Lustgarten on propublica.org Full Article Here IT WAS ONLY November, but the chill already cut to the bone in the small village of Dimitrovo, which sits justContinue reading “The Big Thaw: How Russia Could Dominate a Warming World”

Blumberg Joins Rush of Property Firms Raising Funds for Distressed Deals

Blumberg Capital Partners is joining the growing number of real-estate investment firms raising capital in anticipation of a wave of distressed commercial properties hitting the market as a result of the pandemic. The company, based in Coral Gables, Fla., is planning to raise $1 billion next year to buy high-quality office buildings primarily in Florida,Continue reading “Blumberg Joins Rush of Property Firms Raising Funds for Distressed Deals”

‘Startup City’: Accelerated Growth Strains Austin

AUSTIN, Texas—A few years ago, some blocks of Austin’s South Congress Avenue featured a castle-themed wax museum and comic book shop, a neighborhood bar with $1 taco deals, an auto shop and, in season, a Santa Claus on horseback. Then, as at so many other places in Austin, the construction cranes came. Those blocks recentlyContinue reading “‘Startup City’: Accelerated Growth Strains Austin”