Real Estate News
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Lone Star Funds, the world’s biggest buyer of delinquent mortgages, renewed efforts to sell an office and banquet hall complex in Tokyo by including land in the offer, according to two people familiar with the sale.
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BlackRock Inc. says Chinese developer bonds will rally from the worst start in three years, even after the central bank said it would enhance monitoring of credit risks in the industry.
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Bank of America Corp., the second- largest U.S. lender, is cutting 450 mortgage jobs from West Coast offices after new loans fell short of internal forecasts, two people with direct knowledge of the plans said.
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Jonathan Gray, the global head of real estate at Blackstone Group LP, said the firm plans to spend more money on properties overseas, where bargains are more plentiful than in the U.S.
