Commercial

Prologis and Norway Fund Acquire KTR Real Estate for $5.9B

Prologis Inc., the world's biggest owner of industrial real estate, has teamed up with Norway's sovereign wealth fund, Norges Bank Investment Management, to acquire KTR Capital Partners for $5.9B, according to reports.

Victoria's Secret Rival Lingerie Brand, Frederick's of Hollywood, Struggling? 'We No Longer Have Store Locations'

Victoria's Secret rival, Frederick's of Hollywood, has reportedly closed all stores. Why? This news will answer the question: Is Victoria's Secret rival lingerie brand, Frederick's of Hollywood, struggling again? Apparently, the company, founded by Frederick Mellinger, who had once declared bankruptcy and came back in 2003, is having financial struggle again for so many years now, that it decides to close all stores, reports Los Angeles Times.

Toyota To Spend $1B for New Corolla Factory in Mexico

Toyota, the world's biggest automobile manufacturing company, is set to build a factory in Mexico to make compact Corolla sedan units.