Blackstone to Invest in China Luxury Property Development - Daily Finance
Blackstone Group ( BX ), a private equity firm, agreed to back a project to build luxury apartments in China. Blackstone entered into the agreement with Hong Kong property developer Great Eagle, The Financial Times

Toll Brothers And Partners Buying Distressed Property Portfolio - Portfolio.com
A joint venture involving luxury builder Toll Brothers bought a $1.7 billion portfolio of distressed loans and properties from the Federal Deposit Insurance Corp. The assets, 200 mostly nonperforming loans