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Barry Sterlincht of Starwood Capital Group (Getty, iStock)
National

Starwood bailing on the mall business

Barry Sternlicht’s Starwood Capital Group is moving away from its mall portfolio as values on the properties continue to plunge. The investment firm has been selling off shopping centers at a loss across the...

Starwood bailing on the mall business
The bill would allow developers to build homes on commercial sites. (Getty)

California wants to convert empty malls into housing

California lawmakers are looking to turn abandoned retail and shopping malls into new housing, in a creative effort to...

California wants to convert empty malls into housing
Simon Property Group CEO David Simon. (Getty, Simon)
National

Simon says suburbia is hot, raises guidance for 2021

After a devastating year of mall closures and tenant bankruptcies, Simon Property Group raised its guidance, saying that people...

Simon says suburbia is hot, raises guidance for 2021
Brookfield Real Estate CEO Brian Kingston and Brookfield Asset Management Bruce Flatt (Brookfield)
National

Brookfield taking pandemic-hit real estate arm private

Brookfield Asset Management reached an agreement Thursday to take its Covid-dinged real estate arm private by acquiring all of Brookfield...

Brookfield taking pandemic-hit real estate arm private
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