Prologis to Buy Duke Realty in $26 Billion Deal, Including Debt
Prologis the world’s largest warehouse operator, agreed to buy rival Duke Realty in a $26 billion deal that highlights a widening gulf between those who think e-commerce growth has a…
Target Warns of Weaker Profit as it Faces Overstuffed Stores, Inflation-Weary Shoppers
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Housing Boom Fails to Lift All Homes Above Previous Cycle’s Peak
The housing boom of the past two years propelled U.S. home prices to record highs throughout the country. But in hundreds of cities, the red-hot market hasn’t yet brought back…
Hotels Using NFTs to Create a StubHub for Lodging Reservations
Some resort owners think they have found a way to avoid getting stuck with excess inventory when guests cancel at the last minute. It involves converting room nights for sale…
U.S. Home Sales Cool Amid Higher Rates, Record Prices
Rapidly rising mortgage rates and record home prices are cooling the U.S. housing market, as April sales dropped for the third straight month and fell to their weakest pace in…
U.S. Economy Is Headed for a Downturn, Wells Fargo CEO Says
Wells Fargo & Co. CEO Charlie Scharf said Tuesday there was “no question” that the U.S. is headed for an economic downturn. The Federal Reserve has raised rates twice this…
They Came, They Hiked, They Stayed: Retirees Lift Fortunes in Rural America
PIGEON FORGE, Tenn.—Tom and Barb Hansen’s search for a retirement spot reads like the script to a road movie. California’s Lake Tahoe. Sedona and Scottsdale in Arizona. The Ozark Mountains…
Smart Office Buildings Can Help Sniff Out Viruses but Are Vulnerable to Hacks
A camera recognizes employees’ faces and hails an elevator programmed to bring them to their floor. Sensors on the walls measure particles and CO2 levels in meeting rooms, pumping in…
Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts Income
RIYADH, Saudi Arabia—Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and Europe since the kingdom’s de facto ruler tightened the…
New York City Doormen Reach Tentative Deal With Building Owners, Averting Strike
New York City doormen and other apartment-building workers said Tuesday that they reached a tentative contract agreement with their employers, avoiding what would have been the first strike by these…
