Charles Stevenson, president of hedge fund Navigator Group, heads the co-op board at 740 Park Ave., home to Blackstone (BX) Chairman Stephen Schwarzman and oilman David Koch. While the Upper East Side building was picketed by Occupy Wall Street in early October, Stevenson, 64, is less disturbed by the protesters than by the problems plaguing his industry. [Read full story...]
Home builders started projects in September at the fastest pace in 17 months, a hopeful sign for the economy.
Most of the gain was driven by a surge in volatile apartment construction. That could help create jobs and boost economic growth, but it doesn’t signal a comeback for the depressed housing market. [Read full story...]