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Costco sees more growth for its $31.9 billion real-estate empire and is expanding production of its famous inflation-busting hot dog combo

Costco pulled back the curtain on its real-estate empire as it announced fourth-quarter earnings on Thursday while marking two milestone anniversaries—the 40th year of its famously inflation-proof $1.50 hot dog-and-soda combo and Kirkland Signature’s 30th birthday. The Issaquah, Washington-based wholesaling giant’s expansion remains robust. In the fourth quarter alone, Costco opened 10 new warehouses, and … Read more

Wesley LePatner, a 44-year-old Blackstone executive who oversaw its $53 billion real-estate investment fund, was killed in Manhattan’s mass shooting

Monday’s mass shooting in Midtown Manhattan claimed the life of Wesley LePatner, a 44-year-old executive at Blackstone, the company confirmed Tuesday morning. LePatner was among four victims killed at 345 Park Avenue when a lone gunman stormed the office building, which also serves as the headquarters of the National Football League and features other business … Read more

Western companies are investing less in China, which is already grappling with a real-estate crisis and growing pushback over surging exports

BEIJING (AP) — European companies are cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices, according to an annual survey released Wednesday. Their challenges reflect broader ones faced by a Chinese economy hobbled by a prolonged real estate crisis that has hurt consumer spending. Beijing also faces growing … Read more

Commercial real-estate giant CBRE sees choppy waters ahead due to tariffs: ‘Our outlook has become less clear’

The world’s largest commercial real estate services company posted an earnings beat but sees choppy waters ahead. Blame the president’s tariffs.  Because of “uncertainty created by the tariff situation, our outlook has become less clear,” CBRE chairman and chief executive Bob Sulentic said in an earnings call Thursday morning.  Despite reporting an increase in revenues … Read more

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