Bloomberg

The market for debt on commercial properties is booming.

Around the U.S., hoteliers are turning down-at-the-heels motels—a national icon of sorts—into stylish, remarkably upscale hotels.

Under billionaire founder Guo Guangchang, Fosun group announced about $14 billion in acquisitions since 2014.

After FEMA disaster officials leave, Ben Carson’s HUD will take on the complicated task of getting victims back into permanent residences.

Even before the storm and the crackdown, Texas faced a shortage of concrete workers, electricians and wall-board installers, according to a survey by the Associated General Contractors.

Some $8.9 billion of loans packaged into commercial mortgage-backed securities since the financial crisis are supported by Houston-area offices, malls and hotels.

Gross domestic product rose at a 3% annualized rate from prior quarter (est. 2.7%); revised from initial estimate of 2.6%.

The hotel industry in Houston, the fourth-largest city in the U.S. and its energy capital, has struggled because of depressed oil prices.