The project could cost up to $3B and include improvements like bringing natural light into the congested maze underneath Madison Square Garden. » Read More
While there is still debate over whether now is the right time to buy a house, there are other opportunities to make a profit in real estate.
Following are the day’s biggest winners and losers. Find out why shares of U.S. Steel and Thornburg Mortgage popped while UnitedHealth and Dick's Sporting Goods dropped.
Inflation data and some retailers' earnings are the big headlines ahead of Tuesday's opening bell. Home Depot, Target and Macy's all report early in the day. Traders will be watching to see whether the producer price index due out in the morning, shows the same trend as the consumer price index last week - an unexpected pickup in inflation.
Betting on real estate these days is not for the faint of heart. Between the housing correction, economic uncertainty, the credit crisis and predicted softening in the commercial property markets, determining where to invest for future returns requires an extra dose of due diligence and, let's face it, good old-fashioned courage.
Private equity interest has built "a good floor" for real estate investment trust (REIT) prices. Jonathan Litt, REIT analyst at Citigroup, joined "Squawk on the Street" to dissect Tishman Speyers' offer for apartment-builder Archstone-Smith Trust -- and named the one public company that could beat Tishman to the punch.
Apple’s Co-Founder and Chief Executive Steve Jobs is the “ultimate CEO who matters,” according to a ranking by Barron’s magazine. The annual ranking of top CEOs from around the world seeks to identify the corporate leaders who have top-notch reputations in the financial community and would be missed by investors if they unexpectedly left their jobs.
Stocks snapped back from a week-long selloff and posted the biggest one-day gains in several months."The market is feeling a lot better," said Stuart George, head of equity trading at Delaware Investments, in an interview with CNBC.com.
This week's takeover battle for office landlord Equity Office Properties Trust is expected to push REIT shares even higher.
Blackstone Group won control of Equity Office Properties Trust Wednesday after a majority of the top U.S. office landlord's shareholders accepted the private equity firm's cash bid of $23billion, and rival bidder Vornado Realty Trust dropped out.
The Blackstone Group raised its bid for Equity Office Properties Trust to $55.50 per share in cash on Tuesday after rival bidder Vornado Realty Trust sweetened its offer in the latest step in a fight to control the top U.S. office landlord.
The Dow Jones Industrial Average closed fractionally higher, helped by strength in Wal-Mart and Boeing, but the broader market failed to gain traction.
Vornado Realty Trust moved on Sunday to make its $23.2 billion bid for top U.S. office landlord Equity Office Properties Trust more attractive by offering to pay the cash portion up front.
Equity Office Properties Trust said its board of trustees voted to reaffirm support for a $54 per share takeover offer from private equity firm The Blackstone Group, despite a higher competing bid from Vornado Realty Trust.
Vornado Realty Trust raised its takeover offer for Equity Office Properties Trust to $56 per share, or $23.24 billion, above a rival bid of $54 per share from private equity firm Blackstone Group.
The Super Bowl isn't the only big-money competition people are betting on this week: second-guessers are trying to call the shots before Monday, when Equity Office Properties shareholders will vote whether to accept takeover offers from Vornado or rival bidder Blackstone Group. CNBC's David Faber deconstructed Vornado's sweetened offer....
An investor group led by Vornado Realty Trust is expected to raise its bid for Equity Office Properties Trust, topping rival bidder Blackstone Group's offer, the Wall Street Journal reports.
A group led by Vornado Realty Trust is expected to raise its takeover offer for Equity Office Properties Trust, topping the $22.4 billion offer from Blackstone Group , sources familiar with the situation said on Wednesday.
Equity Office Properties, the subject of a buyout by a private equity firm, posted higher funds from operations, a key measure of operating performance of real estate investment trusts, on strength in the U.S. office market.
Equity Office Properties Trust said independent proxy advisory firm Institutional Shareholder Services Inc has recommended its shareholders approve Blackstone Group's raised merger offer made last Thursday.
Private-equity firm Blackstone Group raised its bid for Equity Office Properties Trust by 11.3%, to $54 a share, hoping to deliver a knockout blow to a rival bid led by Vornado Realty Trust , CNBC's David Faber reported.