SINGAPORE (Reuters) - U.S. Defense Secretary Ash Carter said on Saturday that China's island-building in the South China Sea was undermining security in the Asia-Pacific, drawing a scathing response from the foreign ministry in Beijing.
Blackstone is partnering with property company CityView to develop a multifamily project in Oakland, Calif., reports Bloomberg. BGC Partners is going after Avison Young, claiming the latter’s D.C. office stole its real estate contacts, client data and other business assets, reveals Washington Business Journal. Former Lehman Brothers CEO Dick Fuld is opening a real estate brokerage, according to USA Today. These are among today’s must reads from around the commercial real estate industry.
As Kansas struggles to close a $400 million budget gap, even anti-tax Republicans are acknowledging that there is not much more to cut without significantly hurting popular programs, including education.