A Bet on Miami Signals Luxury Retail's Urban Shift
General Growth Properties. and Ashkenazy Acquisition are paying $280 million for a 20% stake in the company that owns much of this city’s Design District, betting on the emerging luxury-retail neighborhood as some 50 brands prepare to open new stores.
A Modular-Design Setback in Brooklyn
Advocates of affordable housing and for design innovation cheered in 2011 when Forest City Ratner unveiled plans to push “modular” construction techniques with a Brooklyn apartment tower. But now Forest City and construction company Skanska USA are suing each other over B2 BKLYN.