NY's Freedom Tower might be sold to private buyers
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The $3 billion Freedom Tower, the skyscraper at the heart of the rebuilt World Trade Center site, could be sold to private investors, according to a real estate investment executive who said he was approached.
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MUMBAI: Media moghul and billionaire chairman of News Corp Rupert Murdoch has, according to agency reports, offered to buy a penthouse in New York&#39;s upscale Manhattan area for cool $44 million.
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The U.S. Supreme Court said on  Tuesday that it would decide whether the government can take an  individual's private property for business development intended  to boost tax revenues and revitalize a local economy.
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For a while, it seemed the sky was the limit for the grand public works that sprang off the drawing boards during New York's recovery from the Sept. 11, 2001, terror attacks.
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_ An 18,000-square-foot estate on eastern Long Island has been sold for $45 million, reportedly the most ever paid for a home in New York State.
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The Supreme Court announced that it will decide whether the Constitution permits governments to transfer property from one private owner to another in the name of creating jobs and tax revenue -- a case that could affect local economic development policy and individual property rights nationwide.
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Lazard's board was meeting in Paris on  Tuesday to consider a share sale that could end more than 150  years of private ownership at the largest remaining independent  investment bank and buy out its founding families.
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The operator of some of Americaâs best-known shopping centres - New Yorkâs South Street Seaport, Chicagoâs Water Tower Place and Bostonâs Faneuil Hall Marketplace â-greed to be sold yesterday in a $12.
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The three skyscrapers would serve as steppingstones to the Freedom Tower and with it remake the New York skyline.
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Federal and state officials have agreed to rent half of the Freedom Tower when it opens in about five years at the World Trade Center site &#151; sealing one part of an elaborate deal that would, if finalized, divide control of what to build there.
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A string of bidders are vying to pay around $5bn (Â£2.6bn) for a chunk of prime real estate in Lower Manhattan.
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With a target price of nearly $5 billion, the sale of Stuyvesant Town and Peter Cooper Village would be the biggest deal for a single U.S. property in modern times.
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Macy's Inc. may be finding its way out of its troubles by going private.
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Relatively well-off people in Manhattan or San Francisco or Seattle tend to pay their rents. Financial markets, especially the asset-backed ones that are so key to leveraged buy-outs, like this kind of stability. So it is fairly surprising that real estate investment trusts focusing on apartments have not been the subject of private equity interest - until now at least. On Tuesday, Tishman Speyer Properties and Lehman Brothers (NYSE:LEH) offered an enterprise value of $22bn for Archstone (NYSE:ASN)-Smith, known for its high-quality portfolio in sought-after cities such as New York.
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With Penn National reportedly considering a bid for Harrah's, it seems likely Harrah's will in fact get sold.
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WASHINGTON -- The Supreme Court said Tuesday it would decide whether cities can seize a person&#39;s property and transfer it to private developers whose projects could boost an ailing local economy.
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Institutional investors may thwart the Dolan family's latest privatization effort.