Commercial

'Report: Blackstone, Morgan Stanley to acquire Lloyds Australia loans

Morgan Stanley and private equity giant Blackstone are close to buying AUS$2 billion worth of distressed commercial property debt being offered for sale by Lloyds Banking Group for about AUS $640 million ($621 million), according to reports.

'Dubai Nakheel reports $98.6 Mln profit in first quarter

Dubai Nakheel, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers and cut costs.

'Cities where houses sell the fastest in the U.S.

As home sales pick up, it is clear that a significant number of homes purchased in today’s market are bought by investors looking to generate rental income, according to the National Association of Realtors.
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