Commercial

'Overseas Union Enterprise to Buy Tallest Tower in California, US Bank Tower

Overseas Union enterprise Ltd. (OUE), a major Singapore based hospitality and property group has announced that it will be buying the U.S. Bank Tower in downtown Los Angeles, California for $367.5 million in a bid to expand its portfolio in the country.

'Blackstone CEO, Steve Schwarzman, Bets Big on U.S. Residential Real Estate

Since 2012, Blackstone acquired a whopping 6,500 of the homes that foreclosed in the eight major metropolises of the U.S., spending more than $1 billion in the process. Now as the largest owner of individual houses, rather than buying out or selling them the company will be renting properties.

'Trulia Files For $150 Million Follow-On Offering

Trulia, the real estate lister and search engine, announced they will be raising $150 million to offer additional shares previously not released, or follow-on offering, so they can expand business ventures, reported TechCruch.
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