The Related Group secures the loan from Regions Bank to finance the first phase of CityPlace Doral with retail and residential segments.
A new report shows that U.S. bank loans to nondepository financial companies have jumped more than 230 percent over the past three years.
The largest U.S. banks, under pressure from regulators to simplify their organizational structures, haven't made much progress paring subsidiaries, a sign they'd still be difficult to close down in a crisis.
BP and five Gulf states announced a record $18.7 billion settlement that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.
U.S. railroads, Wall Street favorites for much of the past decade, are slumping into a bear market amid a three-way squeeze from plunging coal, crude-oil and grain shipments.
Warren Buffett is 84. Only the Oracle of Omaha and Berkshire's board know who's destined to eventually fill his Brooks running shoes.
They're called managers, and they sometimes work grueling schedules at fast-food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise.