Mori’s Big — and Tall — Bet on Shanghai

In a big bet on China’s post-Olympics economy, Japanese developer Minoru Mori opened the country’s tallest skyscraper in a challenging environment.

Centro Sees a Net Loss, Sells Assets

Centro Properties Group posted a net loss of $1.77 billion for the fiscal year ended June 30, reflecting a decline in property values and investments.

U.K.’s Housing Lures Rich Indians

The rapid increase in the number of wealthy Indians will have a “potentially huge” impact on the U.K.’s residential property market, according to a new report.

Home Data in Spain Spell Gloomy News

Spanish home sales and new mortgage approvals fell sharply again in June. The data spell bad news for banks.

Paulson Cuts Price of Hampton Home

John Paulson cuts the price on his Hamptons home; Manhattan's Spence School buys a townhouse; NBA's Ray Allen trims the price of his Washington home, while a few miles away MLB's Jay Buhner lists his house.

People Who Live in Glass Houses

Wall-to-wall windows have become a signature of chic urban living, from Minneapolis to Miami. But some residents say the reality can be less glamorous.

Fannie, Freddie Impact on Banks Downplayed

Federal bank regulators said they believe a plunge in the preferred shares of Fannie Mae and Freddie Mac would have limited impact through the banking system.

Mortgage Rates Fell in Week

Rates on fixed-rate home mortgages fell this week, following reports of weakness in the economy. But rates on adjustable-rate mortgages rose slightly.

Hochfelder Accused of Larceny in Deals

New York real-estate investor Adam Hochfelder has been arrested for allegedly “stealing more than $17 million from a panoply of banks and individuals.”

Fannie Names New CFO, Risk Chief

Fannie Mae shook up its top ranks, announcing its chief business officer and two others are leaving as it moves to save capital. Shares surged 15%.

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