News

Blackstone appoints new adviser for investment in Spain and Portugal

Blackstone Group LP, the world’s largest private-equity firm, announced Tuesday that the former head of head of Lehman Brothers Holdings Inc.’s Spanish and Portuguese businesses, Claudio Boada, will become their senior adviser.

Alexandria Real Estate Equities raises quarterly dividend 4 Pct

Alexandria Real Estate Equities, Inc. declared on Tuesday a quarterly dividend of $0.51 per share, or $2.04 annualized.

Home prices dampen American wealth

Americans suffered a record decline in wealth due to the recession between 2007 and 2010 as home values dropped to record lows, according to a Federal Reserve report released on Monday that detailed the extent of the recession.