The California State Teachers’ Retirement System is buying a majority stake in real-estate developer LCOR Inc. from Lehman Brothers Holdings Inc.

Blackstone Group LP, one of the world’s largest hotel investors, is playing both offense and defense these days as the lodging industry slowly recovers from the downturn.

Philadelphia Mayor Michael Nutter took to the International Council of Shopping Centers’ annual leasing conference to woo retailers as the city of 1.5 million redevelops the Gallery at Market East mall.

Office investors are beginning to trickle back into downtown Los Angeles as a rising number of residents, restaurants and glitzy entertainment options bring new zest to the city’s once-overlooked core.

Put off by high fees and disappointing performance of so-called pooled funds, major institutions are building in-house real-estate investment divisions to acquire property directly.

Shareholders in Simon Property rejected an eight-year compensation package awarded to Chief Executive David Simon, which included an annual base salary of $1.25 million and stock awards valued at $132 million over the eight-year term.

This three-bedroom former stables and carriage house in central London has been transformed by its owner, designer Jonathan Reed.

A couple formerly in the lace-manufacturing business created this penthouse on the Upper East Side by combining two apartments.

This six-bedroom home near Basingstoke was a fairly modest 18th-century cottage until its current owners added two new extensions to the ground floor.

This six-bedroom home on the European shore of the Bosphorus was built in 1999 in a fashionable district close to the center of Istanbul.