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Billionaire Hussain Sajwani has long expected to see pain in the global commercial real estate market. He just didn’t expect it to get this bad.
Easterly Government Properties Inc. said it has elevated co-founder and current board Chairman Darrell Crate to chief executive officer, effective at the beginning of next year.
JPMorgan Chase & Co. said Chad Tredway will rejoin the company’s asset-management arm as its head of real estate in the Americas.
Hong Kong billionaire Henry Cheng’s family increased its stake in New World Development Co. in the latest show of support for the debt-laden property developer, whose shares reached a 20-year low this week.
Your morning roundup of key UK business news
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