Carlyle Group raised $2.34 billion for its sixth U.S. real-estate fund, which will make opportunistic investments in major cities across North America.
The owners of the Willis Tower in Chicago, North America’s tallest building, are looking to recapitalize or sell the property, in the latest sign of rising commercial-real-estate values in the country’s top markets.
By Jeff Green June 20 (Bloomberg) — Chrysler Group LLC’s Jeep brand will become the subsidiary’s primary global make in the first half of next year as Fiat SpA emphasizes the Lancia nameplate in Europe, a top executive said. Chrysler’s minivan, Sebring and 300 models will be rebadged as Lancias across most of Europe at the end of the first quarter or early in the second, Michael Manley , Chrysler Group’s international chief, said in an interview. Sharing models among the brands is part of a plan outlined by Fiat and Chrysler Chief Executive Officer Sergio Marchionne in November, Manley said.