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In their bid to keep shoppers from deserting to the Internet, more malls are adding sprawling play spaces.

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Brookfield Asset Management plans to bundle together its wide array of commercial-property holdings into a new publicly traded subsidiary, with an eye toward further growth.

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As construction of One World Trade Center in Lower Manhattan moves toward completion, the building’s owners are sparring with their architects.

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Beazer Homes has formed a REIT with KKR that will buy and then rent single-family homes, one of the largest and most talked-about asset classes in the real-estate business.

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Facing a dearth of new-home construction, the U.K. real-estate industry and government are looking at ways to encourage the formation of new real-estate investment trusts that would focus on subsidized housing.

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Strange looks of a building apparently aren’t enough to scare off big-name investors. That’s the case with 100 Federal Street in Boston—the so-called “pregnant building” recently purchased by Boston Properties.

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The Malkin family that controls the Empire State Building has agreed to change the terms of the skyscraper’s public offering, making the tax treatment less punitive to small investors.

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Associated Estates Realty Corp., which owns rental-apartment buildings in cities like Indianapolis and Columbus, Ohio, is pushing into the upscale Los Angeles market despite some investor concerns.

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A controversial real-estate investment is getting a makeover—and while the critics still aren’t sold, some advisers say it is worth considering for investors comfortable with the risks.

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The Bloomberg administration is nearing a deal with the Related Cos. and a real-estate firm controlled by owners of the New York Mets to build a retail and residential development on a gritty swath of Queens near Citi Field.

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Chicago’s Spire Remains Hole in the Ground

May 2, 2012

The rubble-strewn Chicago lot where North America’s tallest residential building was to have been built is turning into an international money pit.

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Paris Business Hub Goes on Defense

May 2, 2012

Paris’s La Défense district, launched more than 50 years ago and now the largest business center in continental Europe, is suffering growing pains that raise questions about how and where Paris will expand in the future.

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High Demand for High-End Real Estate in Paris

May 2, 2012

Storied French mutual insurer Groupama has put some prime Paris commercial real estate on the block. Fortunately for the firm, demand for top properties has stayed strong even as the crisis has raged on the Continent.

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Paris Luxury Retail Finds New Homes

May 1, 2012

With a new brand of wealthy clientele—and a shortage of space—Paris’s luxury-brand owners are setting up shop in fresh parts of the city.

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Mall Owners Wage Taxing Fight

May 1, 2012

Shopping-center landlords like Simon Property Group are pressing for states to levy sales taxes on online retailers like Amazon.com, in a bid to level the playing field.

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A Hotel for California

May 1, 2012

Developer Rick Caruso, Southern California’s king of upscale shopping centers, wants to make a splash in another real-estate sector by building a luxury hotel on 16 acres of beachfront in Santa Barbara.

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Creditors Take Control of Atlantis Resort

April 28, 2012

Resort operator Kerzner International transferred its massive Atlantis resort in the Bahamas to its creditors and sold its half interest in the Atlantis in Dubai to partner Istithmar World.

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Recent Arrivals Dull Montauk’s Gritty Edge

April 27, 2012

Some locals see the changes in the hamlet as a sign that Hamptons posh has completed its eastward march to Montauk.

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KKR Makes Push Into Real Estate

April 25, 2012

KKR has long resisted getting into real estate. But after years of watching rivals invest billions of dollars in property, the private-equity firm finally is making its own big push.

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REITs Spring an Unnerving Surprise

April 24, 2012

Investors are discovering the downsides of some nontraded REITs: They are being valued at prices far lower than investors had expected.

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