Real Estate News

Brookfield Properties Corp., the commercial real estate landlord with $1.2 billion in residential assets, plans to exit the housing business to focus on owning and running office space worldwide.

Weyerhaeuser Co. , a home builder and the second-largest owner of U.S. timberlands, said the timing of a recovery in demand for new single-family housing remains “uncertain.”

U.S. corporate bond sales soared 31 percent this month, the busiest July on record, as yields fell to the lowest in more than six years on growing investor confidence in the economic recovery.