Port Authority to Pay $12.3 Million to World Trade Center Contractor

The Port Authority of New York and New Jersey has reached a deal to end an $87 million payment dispute with a Canadian construction firm that helped build One World Trade Center.

In Midtown, a Changing of the Seasons

The Four Seasons is preparing to end its half-century run in Manhattan’s Seagram Building by mid-July, but its co-owners aren’t done with the restaurant business just yet.

Architect Richard Meier Changes His Palette for New Tower

Architect Richard Meier, known for his buildings in a narrow spectrum between radiant pearl and creamy beige, has designed a residential tower now under construction on Manhattan’s East Side that is white.

Deal to Put Towers in Brooklyn Bridge Park Is Set Back

State officials, citing potential conflicts linked to various investigations of Mayor Bill de Blasio, blocked a deal on a long-delayed plan to put up two apartment towers inside Brooklyn Bridge Park.

Taiwan: The World’s Geniuses of Garbage Disposal

How the island, with landfills not far from capacity, became one of the world-wide leaders in recycling.

Real-Estate Lawsuits Surge in China

The slumping property markets in many Chinese cities are generating one kind of boom: in legal disputes.

Brooklyn Brewery Taps Navy Yard for Expansion

Brooklyn Brewery has cut a deal to move its headquarters to the Brooklyn Navy Yard, where it will lease 75,000 square feet.

Malaysian Leader Najib’s Stepson Allegedly Funded U.S. Property Deals With 1MDB Money

At least $50 million allegedly diverted from a state investment fund in Malaysia was spent on luxury properties in New York and Los Angeles by the stepson of the Malaysian prime minister.

• Interactive: 1MDB Decoded

U.K. Plans Public Register of Property Owners

Prime Minister David Cameron said the U.K. is creating a public register showing the true owners of property and companies in the nation and urged other nations to do the same.

London Office Construction Reaches New Highs Despite Brexit Uncertainty

Work started on 51 new office buildings in London from October to March, according to Deloitte LLP, more than in any six-month period in past 20 years.

Luxury Condo Boom Is Ending in Manhattan

Demand in Manhattan’s super-high-end condo market has dried up amid global economic jitters, just as the market has been flooded with supply.

Mall Landlords Go for Novelty in China

Chinese landlords are trying a variety of strategies to combat oversupply and declining foot traffic in the country’s malls.

Soft Power: China Backs Egypt’s New $45 Billion Capital

An alliance to build a new capital for Egypt between Egyptian authorities and a major Chinese state-owned developer shows how Chinese businesses are taking advantage of opportunities created in emerging markets.

Egypt Tries to Fix Its Housing Shortage

Egypt’s housing ministry is taking steps to solve its housing shortage by offering more than 500,000 state-subsidized units for low-income people. The success of the program would mean achieving what previous governments failed to do.

Domestic Investors Pour Money Into Egypt’s Property Market

Egypt’s real-estate market is flourishing, thanks to many Egyptians who believe that property is their safest investment option.

Egypt Hopes for Hotel Market Revival

New hotel openings have become increasingly scarce in Egypt since 2011 after the so-called Arab Spring. But the Ritz-Carlton is one of a few hotel companies that is forging ahead in the country despite the tourism slump.

• Domestic Investors Pour Money Into Egypt’s Property Market

Alphabet Harbors Plan to Build ‘Smart’ Cities

Google parent Alphabet has legions of Web developers. Soon it might be in need of real-estate developers as it plans to delve into an ambitious new arena: city building.

Russian Property Mogul Sets His Sights on Miami

Billionaire Vladislav Doronin has more than 70 real-estate developments or projects in the works in his native Russia. Now he’s turning his sights on the U.S., starting with a Miami luxury condo with his partner Italian fashion house Missoni.

Manhattan’s Auto Row Is Attracting Office Developers

A $100 million project on Manhattan’s Auto Row that has billionaire William Ackman as an investor shows how a stretch on the far West Side is turning the corner from industrial hinterland to office magnet.

Upscale Shopping Centers Nudge Out Down-Market Malls

Retailers are abandoning a decades-old strategy of growing sales by blanketing cities with stores, as consumers shop more online. Their shifting habits have prompted chains to close stores in secondary malls.

Second-Tier Malls Have Their Fans

A diverse group of investors, including a U.S. hedge fund, a Canadian alternative asset manager and an evangelical Christian university led by Jerry Falwell Jr., are making big bets on beaten-down shopping centers.

Singapore Struggles With Glut of Office Space

Singapore’s busy skyline is getting more crowded as the supply of office space surges, driving prices lower as developers scramble to attract a dwindling number of prospective tenants.

Australian Banks Tighten Mortgage-Lending Requirements for Foreigners

Australian lenders, who have enjoyed years of relatively low levels of bad debts, are losing their appetite for risk as the country’s red-hot housing market shows signs of slowing and stresses mount for resources companies.

A Cautionary Wind Is Felt in San Francisco’s Office Boom

The tech boom has vaulted the San Francisco office market to become the hottest in the U.S. But behind this strength is a market packed with big bets on growth—risky wagers that could prove painful should the historically turbulent tech industry retrench.

Senate Panel to Revisit Debate Over Visa Program

Lawmakers in Congress are gearing up for a new round of fighting over who should benefit from a federal program, known as EB-5, that offers green cards to certain foreign investors.

Brixmor Property Appoints New CEO

Brixmor Property Group has named the chief financial officer of a rival real-estate firm as its new CEO, two months after the company said its financial results had been manipulated and top officials had stepped down.

Weak Loonie Lures U.S. Home Buyers to Canada

A weak Canadian dollar, which fell sharply against the U.S. dollar in 2015 and the early part of this year, is luring more Americans to Canada to purchase vacation homes.

Surge in Land Prices Adds Froth to Vancouver Market

Rising land costs are putting added pressure on Vancouver’s frothy housing market, but many developers anticipate the Canadian city’s growing population and international appeal will continue to support the price increases they are passing on to consumers.

Calgary Home Market Struggles With Oil Bust

The housing market in Calgary, capital of Canada’s struggling energy sector, has been hit so hard it makes the challenges faced by U.S. oil towns look relatively mild.

Chinese Developers Aim to Expand in Canada

Chinese residential developers are widening their beachheads in Canada as demand for homes grows in part from people of Chinese descent.

Office Property Market Posts Strong First-Quarter Growth

The U.S. office market grew at a strong pace in the first quarter, an indication of strength in the economy as employers continue to expand.

Staples Finds New Use for Stores: Office Space

Staples on Monday is expected to unveil a partnership with office-sharing startup Workbar to open communal work space at three Boston-area stores.

South Bronx Sees a Rise in Market-Rate Rentals

Developers in the South Bronx think they have spotted an area of unmet demand: rental apartments that aren’t exactly luxury but are most certainly upscale.

Condo Bust Looms in Miami

Developers in Miami’s condo market have started canceling projects, slashing prices and offering incentives such as private-jet access to spur sales, an ominous echo of the housing crash.

Foreclosure Firms Reinvent Themselves for Better Times

Many companies that made their bread and butter addressing the aftermath of the foreclosure crisis are rebranding themselves and expanding into other areas of the mortgage and real-estate businesses amid the housing recovery.

Bank of England to Tighten Up ‘Buy-to-Let’ Lending Rules

The Bank of England seeks to impose more stringent criteria for lending to buyers who intend to rent out their properties.

India’s Supreme Court Asks Regulator to Sell Sahara Group Properties

India’s Supreme Court on Tuesday asked the country’s capital markets regulator to sell Indian properties owned by conglomerate Sahara Group.

Cresa Hires Former Cushman Executive as CEO

Cresa, a commercial-real-estate services firm that says it is one of the few brokerages that doesn’t suffer a conflict of interest, has hired a former senior executive of Cushman & Wakefield as chief executive.

Office Landlords Going Green in China

Chinese landlords are retrofitting buildings to reduce energy costs and improve air quality in hopes of distinguishing themselves from the competition in a market struggling with too much supply and an economic slowdown.

Anchors Away: Malls Lose More Big Department Store Tenants

The rise of online shopping is battering the big department stores known as anchors that once lured shoppers to malls—leaving landlords with empty space and forcing them to undertake expensive overhauls to stay relevant.

Startups Crash Real-Estate Brokerage Market

A new generation of tech-focused startups are charging into real-estate brokerage, rolling out an array of mobile services in hopes of grabbing a piece of the red-hot U.S. apartment market.

New Rule May Miss Target on Real-Estate Purchases

A new rule designed to lift the veil of secrecy from real estate purchased through anonymous shell companies in New York and Miami might not have the intended effect, real-estate lawyers and brokers said.

Investors Play It Safe With Saint-Gobain Facility Deal

A venture of a private-equity firm and Mideast investor has purchased Saint-Gobain’s North American headquarters near Philadelphia in a $123 million deal that shines some light on how this year’s turmoil in the global capital markets is affecting commercial real estate.