As oil-fueled economic growth in the Persian Gulf surges, banks are finding that they don't have enough cash to meet all the demand from businesses to expand their operations. The development could provide an important brake on how quickly the region can grow.

Vornado Realty Trust struck a joint venture with Indian conglomerate Reliance Industries to spend $500 million building and operating shopping centers in India, signaling the latest effort by a U.S. retail developer to expand abroad.

Landlords in Stamford, Conn. are feeling the downside of the region that counts on the finance and insurance industries for about one-quarter of the jobs based in offices.

Four properties associated with Vesta Strategies were searched after the facilitator of tax-deferred real-estate transactions shut its doors without returning several million dollars of investor money.

Cracks are starting to show in Dubai's well-crafted and glitzy property-marketing machine. Flipping properties has reached such a feverish pace, driving up prices, that Dubai's Real Estate Regulatory Authority, is looking to crack down on the practice.

Japanese property developer Urban filed for court-led rehabilitation when it collapsed with $2.34 billion in liabilities, becoming the nation's biggest corporate failure so far this year.

Beazer Homes reported a narrower loss as the company slashed its land and land-development spending. It continued to see home closings, sales prices and new orders slide.