Blog

Real estate JV deals help Hudson's Bay post profit

(Reuters) – Hudson’s Bay Co swung to a profit in the second quarter as the owner of Saks luxury chain benefited from the formation of real estate joint ventures earlier this year. The company has contributed real estate assets to two joint ventures formed with U.S.-based Simon Property Group Inc and Canada’s RioCan Real Estate Investment Trust earlier this year, helping it focus on its store operations. Hudson’s Bay said

Trump slights rival Fiorina's looks: 'Look at that face'

Donald Trump belittled the physical appearance of fellow Republican U.S. presidential candidate Carly Fiorina in remarks published on Wednesday, saying: “Look at that face. Would anyone vote for that?” The comments by the billionaire real estate developer published in an article on the website of Rolling Stone magazine were aimed at the only woman in the large field of Republicans vying for their party’s 2016 presidential nomination. The magazine reported

Real estate data company Reis sues over alleged online report theft

NEW YORK (Reuters) – Reis Inc, a commercial real estate data provider, on Wednesday sued Armada Analytics Inc, accusing it of downloading at least 1,562 reports over three years from its proprietary subscription database without paying for them. Armada, a commercial real estate services provider specializing in mortgage debt, was accused of misappropriating login credentials to access Reis’ database online, and continuing to obtain reports through Reis subscribers after payment