The measure was boosted by the second straight monthly rise in private construction spending. Single-family homes posted their biggest gain in six months Still, it's way too soon to declare an end to the private building slump.
The owners of Manhattan%u2019s landmark Lipstick Building, which housed convicted Ponzi schemer Bernie Madoff's opulent offices, has filed for chapter 11 bankruptcy protection. Could new owners make the economics work?
The John Hancock Tower, Boston's tallest building, will be sold to real estate investment trust Boston Properties Inc. (BXP) for about $930 million.
Amid all the whining about residential and commercial real estate markets, exchange-traded funds comprising real estate investment trusts have quietly been kicking butt. They're up 22% year-to-date through Sept. 21, compared to 3.71% for the the S&P 500 stock index.