U.S. Home Prices Push to Record High, Slowing Pace of Purchases
America’s home-buying frenzy is cooling off for the first time since it heated up last year, as limited inventory and...
Real Estate/Construction
New York Attorney General Probe of Trump Organization Now a Criminal Investigation
New York State Attorney General Letitia James at a news conference in August last year. Photo: Kathy Willens/Associated Press The...
Home Depot Sales Surge, Extending Growth During Pandemic
Home Depot Inc. HD -0.50% extended a streak of robust year-over-year sales growth in the February-through-April quarter as a rise...
Despite Lumber Boom, Few New Sawmills Coming
North America’s sawmills can’t keep up with demand, which has sent wood prices on a meteoric rise. Don’t expect new...
U.S. Home Prices Surge, Pricing Out Some Buyers
U.S. home prices rose nearly everywhere in the first quarter, a rapid price appreciation that shows little sign of fading...
Samsung’s Lee Family to Offload Picassos, Monets to Settle More Than $10 Billion Tax Bill
SEOUL— Samsung’s ruling Lee family unveiled plans to pay one of the world’s largest-ever inheritance tax bills, unloading rare Picasso...
Canadian National Makes $30 Billion Topping Bid for Kansas City Southern
Canadian National offered $325 for each Kansas City Southern share, including $200 in cash and 1.059 Canadian National shares. The...
WSJ News Exclusive | After Covid-19, Office Leases Largely Come With Bargain Rates
Big companies are making plans to stick with city-center office buildings, but they are cutting back on space and driving...
JPMorgan, Salesforce Join Growing List of Firms Dumping Office Space
JPMorgan Chase & Co., Salesforce . com Inc. and PricewaterhouseCoopers are among the major firms looking to unload big blocks...
WeWork Agrees to SPAC Deal That Would Take Startup Public
WeWork has agreed to merge with a special-purpose acquisition company in a deal to take the shared-office provider public nearly...
Tight Supply is Limiting Home Sales at Start of Spring
The record-low number of homes on the market is limiting purchases heading into the spring selling season. Home sales typically...
Blackstone, Starwood Capital Team Up in $6 Billion Purchase of Extended Stay
Blackstone Group Inc. and Starwood Capital Group have agreed to acquire hotel owner and operator Extended Stay America Inc. for...
Search Engine Kayak Courts Small Hotel Owners With Digital App Service
The travel search company Kayak is launching a new feature that will enable guests at independent hotels to use the...
Marriott CEO Arne Sorenson Dies at Age 62
Marriott International Inc. Chief Executive Arne Sorenson, who created the world’s largest hotel operator by acquiring Starwood Hotels & Resorts...
Covid-19 Vaccines Aren’t Yet Luring Workers Back to the Office
U.S. workers have failed to return to the office in greater numbers this month, frustrating hopes that the rollout of...
WSJ News Exclusive | New York Prosecutors Investigating Trump’s Manhattan Properties
New York prosecutors are investigating financial dealings around some of Donald Trump’s signature Manhattan properties, extending the known range of...
