Sep 30, 2019

Blackstone Group to pay $5.9 billion for Colony Capital warehouses

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MGM agrees to sell Bellagio for $4.25 billion

Photo: George Rose/Getty Images

MGM Resorts International on Tuesday announced it will sell its Bellagio Hotel and Casino in Las Vegas to the Blackstone Group, and then lease back the property, in a $4.25 billion deal.

By the numbers: It also agreed to an $825 million sale for Circus Circus with real estate mogul Phil Ruffin.

Go deeperArrowOct 15, 2019

Real estate firm Howard Hughes to sell $2 billion in non-core assets

Bill Ackman in 2017. Photo: Sylvain Gaboury/Patrick McMullan via Getty Images

Howard Hughes, a real estate development firm with a market cap of $5.5 billion, said it will sell around $2 billion of non-core assets following a strategic review that also resulted in a CEO change and planned headquarters move from Dallas to Houston.

Why it matters: There had been widespread expectation that the Bill Ackman-chaired company would seek a buyer for the entire company, possibly as a take-private.

Go deeperArrowOct 22, 2019

Teaching robots to see — and understand

Illustration: Sarah Grillo/Axios

Machine vision is a crucial missing link holding back the robotization of industries like manufacturing and shipping. But even as that field advances rapidly, there's a larger hurdle that still blocks widespread automation — machine understanding.

Why it matters: Up against a shortage of workers, those sectors stand to benefit hugely from automation. But the people working in warehouses and factories could find their jobs changed or eliminated if vision technology sees new breakthroughs.

Go deeperArrowOct 26, 2019