IRVINE, CA—RealtyTrac reports that 21% of US housing markets are less affordable than their historical averages, prompting concerns about a possible housing bubble in the works.

NEW YORK CITY—Philip Wharton, the man behind the Manhattan West project, will focus on MXD development as an EVP at his new firm.

NEW YORK CITY—Creating the a successful space isn't the end of operating a successful flagship store. But as Rick Miglorielli and Michael Hirschfield of JLL see it, the secret is actually quite simple.

MINNEAPOLIS—The company has launched a national expansion, and has entered two major metro markets in the last two weeks.