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Housing Market

Exclusive: Blackstone-backed hedge fund offers to buy NorthStar Realty Europe

A major shareholder of NorthStar Realty Europe Corp has offered to buy the company for $13 per share and is demanding that the real estate investment trust (REIT) pursue a new asset management contract, according to a letter seen by Reuters.

Blackstone prepares to list European warehouse firm Logicor

LONDON/FRANKFURT Buyout fund Blackstone is hiring banks to prepare for an initial public offering (IPO) of its warehouse firm Logicor, several people with knowledge of the situation said.

1:05pm EST

China central bank chief economist expects property investment to slow in 2017: Xinhua

BEIJING China's property investment is likely to slow in 2017 and fixed-asset investment growth could come under pressure, Xinhua news agency quoted Ma Jun, chief economist of the central bank, as saying.

5:59am EST

China's politburo stresses need for stronger national security

BEIJING China's politburo, a top decision-making body of the ruling Communist Party, on Friday underlined the importance of maintaining national security, the official Xinhua news agency said.

5:37am EST

U.S. household net worth rose to $90.2 trillion in the third-quarter: Fed

WASHINGTON The net worth of U.S. households increased in the third quarter as U.S. stock prices and real estate values continued to flourish, a report by the Federal Reserve showed on Thursday.

Dec 08 2016

BlackRock to move to New York's trendy Hudson Yards district

NEW YORK BlackRock Inc, the world's largest asset manager, plans to move its headquarters in 2022 from midtown Manhattan to a massive new office tower in the fast-growing Hudson Yards district on the city's far West Side, the developers said on Thursday.

Dec 08 2016

Bank lobby presses for commission to lead consumer watchdog agency

WASHINGTON Bank lobbying groups are pressing the U.S. Senate to once again work on reforming the country's consumer financial watchdog agency - but this time around they may see those changes become reality.

Dec 07 2016

U.S. mortgage rates rise to highest levels in over two years: MBA

NEW YORK Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

Dec 07 2016

NHL to move headquarters to New York's far West Side

NEW YORK The National Hockey League will relocate its headquarters and a retail showroom to a new development on Manhattan's far West Side, putting it just a block away from a major hockey venue, Madison Square Garden, the site developer said on Wednesday.

Dec 07 2016

Turkish-Arab investors to spend 300 million euros on luxury Greek resort

ATHENS A Turkish-Arab fund plans to spend up to about 300 million euros ($322 million) to redevelop a luxury seaside resort outside Greece's capital Athens, bringing significant foreign investment into the cash-strapped country, the fund said on Tuesday.

Dec 06 2016