A veteran British property investment team has sat on their vulture fund, waiting for the right moment to pounce on the growing carnage in commercial real estate. Now their venture is making its first move.

China Urges Real-Estate Developers to Cut Prices

China plans to expand public housing and urged developers to cut home prices in an effort to stem job losses.

Real-Estate Executive Is Found Dead

Steven Good, CEO of a Chicago real-estate auction firm, was found dead in an apparent suicide. It wasn't clear if there was any connection to his business.

Construction Spending Exceeds Expectations

Spending on U.S. construction projects is holding up better than expected, but it is likely to falter in the coming months.