Real estate industry
Carena Developments Ltd. has gained full ownership of Brookfield Development Corp., a subsidiary of BF Realty Holdings Ltd., after acquiring BCE Inc.'s stake in the company. The transfer, valued at around $200 million, includes $175 million for BCE's equity in the landmark office tower and $25
Real estate industry
Leon Black's investment fund has acquired a significant portion of debt in Olympia & York Developments Ltd.'s U.S. subsidiary, putting him in a strong position to influence the company's restructuring. The subsidiary, Olympia & York Cos. (USA), is negotiating to restructure $5 billion
Books
New York City is a stark example of urban decay, according to Robert Fitch's scathing critique in "The Assassination Of New York." This polemic reveals a city where the wealthy thrive, while the middle and lower classes struggle to survive. Fitch, a Chicago writer who adopted
