Investing

Sears Holdings will sell 11 stores for needed $770 million

Sears Holdings Corporation & General Growth Properties had reached a definitive agreement for the acquisition of 11 Sears anchor pads with its portfolio for $270 million on Thursday.

Brad Pitt to Build Croatian Beach Resort: Report

Actor Brad Pitt may soon have a new role: real estate developer. Croatian paper Jutamji List reported that Pitt has partnered with businessman Danko Koncar and actor Rade Serbedzija to build a luxury waterfront resort in the Brijuni Islands in the Adriatic Sea.

BGC Partners to Buy Grubb & Ellis as Brokerage Files for Bankruptcy

Howard Lutnick's BGC Partners Inc. (NASDAQ: BGCP) has agreed to buy the commercial real estate brokerage Grubb & Ellis Co.(PINK:GRBE), which will file for Chapter 11 bankruptcy protection after declining revenue from the commercial real estate bust.