National

To the owners' delight, a former office space in the basement of this 1899 mansion revealed a brick, barrel-vaulted ceiling for the wine cellar.

The city and private developers are investing hundreds of millions of dollars to create a thriving industrial area on the Sunset Park waterfront, a throwback to the days when workers streamed into factories that lined Brooklyn's shores.

Did you know you might be able to use your credit card to pay your rent each month?

Discount rivals Dollar Tree and Family Dollar announce an $8.5 billion merger, reports The New York Times. Blackstone borrows $2.25 billion secured by its investment in Hilton Worldwide, according to the International Financing Review. MetLife and Norway’s sovereign wealth fund pay $561 million for One Beacon Street in Boston, reports Bloomberg.

Mario and Billy Procida grew up in the construction business and as young men in the 1980s and early 1990s played a role in developing affordable housing in the Bronx and working-class neighborhoods in other boroughs.

It's a big debt, but there's an upside to it, writes Jonathan Clements.

Office and industrial properties achieved full recovery nationwide by the second half of 2014, with cap rates compressing and prices skyrocketing. This is pushing investors to either reposition existing gems in their portfolios or pick up trophy properties in secondary markets.

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Private equity firm Blackstone grew its global real estate assets by 26 percent since the second quarter of 2013, according to Real Estate Weekly. Wal-Mart Stores’ new CEO faces some tough challenges, reports Bloomberg. Weingarten Realty and Unicorp. executives differ on what constitutes a diversified property portfolio, according to the Orlando Sentinel.

The steel-manufacturing magnate's Indian Creek home had been on the market for several years.

After being threatened constantly with the growth of online sales and the dangers of showrooming, landlords can breathe a sigh of relief—a new study by A.T. Kearney found that consumers appreciate the presence of physical stores regardless of where they make their purchases.

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Bigger players are swallowing up smaller competitors in the rapidly-evolving single-family rental industry. Louisiana led all U.S. states in the value of industrial construction projects during 2013. Chipotle is now the most popular brand among teenage males. The Empire State Building’s managers won dismissal of lawsuits claiming they deprived thousands of early investors of as much as $410 million in profit when the iconic New York skyscraper was taken public.

A funny thing happened to Toll Brothers as the development firm prepared to market its new luxury condominiums on Park Avenue: It discovered the virtues of New York City's historic districts.

General Electric cut a deal with county and city officials to move a number of operations—including human resources and finance—to a new $90 million facility in downtown Cincinnati on the banks of the Ohio River.

As the economy improves, lenders see loans for smaller properties as less risky. And with less competition, interest rates and potential profit can be higher.