Commercial RE News

Helmsley Estate Sells Manhattan Hotel

WSJ Commercial - 1 hour 52 min ago
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.


Categories: Commercial RE News

General Growth Debt Bet Pays Off

WSJ Commercial - 2 hours 1 min ago
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.


Categories: Commercial RE News

European REIT Rollout at Hand

WSJ Commercial - 2 hours 7 min ago
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.


Categories: Commercial RE News

BofA Ends Some Overdraft Fees

WSJ Commercial - 6 hours 21 min ago
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations.


Categories: Commercial RE News

BofA Lawyers Rebuked in Cabi Case

WSJ Commercial - Tue, 03/09/2010 - 19:48
BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute.


Categories: Commercial RE News

Apollo Signs Citigroup Deal

WSJ Commercial - Tue, 03/09/2010 - 19:27
Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty.


Categories: Commercial RE News

Marriott Expands in Europe

WSJ Commercial - Tue, 03/09/2010 - 05:10
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.


Categories: Commercial RE News

CoStar's Deals of Note for Tuesday

Costar Los Angeles - Mon, 03/08/2010 - 18:39
CHICAGO UBS Renews, Consolidates in Chicago By Andrew Deichler UBS is extending its stay at One North Wacker Drive in Chicago, also known as the UBS Tower. The Swiss financial services firm has renewed for 400,000 square feet in the office tower...
Categories: Commercial RE News

General Growth Lines Up More Capital

WSJ Commercial - Mon, 03/08/2010 - 17:01
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.


Categories: Commercial RE News

Farkas Closes Deal to Buy Centerline

WSJ Commercial - Mon, 03/08/2010 - 06:36
The New York real-estate investor will buy one of the nation's largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline's debt.


Categories: Commercial RE News

In The Pipeline: CoStar Development and Construction News for March 7-13

Costar Los Angeles - Mon, 03/08/2010 - 03:44
In this week's edition of In The Pipeline, Forest City's Atlantic Yards mixed-use project is scheduled to finally break ground this week. Meanwhile, another long delayed development project, the Guasti Historic District in Ontario, CA,has begun with...
Categories: Commercial RE News

U.K. REIT Plans IPO

WSJ Commercial - Mon, 03/08/2010 - 03:11
Metric Property Investments hopes to raise £150 million in an IPO on the London Stock Exchange's main market as it seeks to take advantage of the sharp downturn in property values.


Categories: Commercial RE News

CoStar's Retail News Roundup: Mar. 7 - 13, 2010

Costar Los Angeles - Sun, 03/07/2010 - 18:06
This week in the Retail Roundup, CoStar reports on expansions or new concepts at TJX Companies and Kohl's; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Swoozie's and the Northgate Mall; acquisition, merger, loan, sale...
Categories: Commercial RE News

China Vanke's Property Sales Slip

WSJ Commercial - Sun, 03/07/2010 - 08:15
China's largest property developer by market share said sales fell in February for the first time in 11 months. The slowdown was anticipated after the government introduced measures to cool off the real-estate market.


Categories: Commercial RE News

CBRE Names CFO; Turns Over Reins of Private Client Group

Costar Los Angeles - Thu, 03/04/2010 - 21:17
Gil Borok was promoted to chief financial officer of CB Richard Ellis Group Inc. He takes over from Bob Sulentic who will continue as CBRE’s president running day-to-day operations and principal business activities worldwide. Both will report to CEO Brett...
Categories: Commercial RE News

CoStar's People of Note (Feb. 28-March 6)

Costar Los Angeles - Thu, 03/04/2010 - 18:33
This week's People of Note includes the following markets: Atlanta, Boston, Chicago, Dallas/Fort Worth, Houston, Los Angeles, National, Northern New Jersey, Phoenix, St. Louis and Tampa/St. Petersburg. NATIONAL CBRE Names CFO; Turns Over Reins of...
Categories: Commercial RE News

General Growth Wins Plan Extension

WSJ Commercial - Thu, 03/04/2010 - 12:59
A federal judge hearing mall owner's bankruptcy reorganization grants it four more months of exclusive control over its fate, against the objection of some suitors and creditors.


Categories: Commercial RE News

Trust Not Enough for Integrity Bank

WSJ Commercial - Wed, 03/03/2010 - 18:40
The FDIC is investigating loan practices at Georgia's Integrity Bank, which was seized in 2008 after loaning all its capital to the owner of Casa Madrona Hotel & Spa in California.


Categories: Commercial RE News

Banks Begin to Rein In Branch Boom

WSJ Commercial - Wed, 03/03/2010 - 12:00
Say goodbye to the building boom that made it seem like there was a bank branch on every corner. The total number of branches in the U.S. is on pace to decline for the first time since 2002.


Categories: Commercial RE News

Multifamily-Home Builders Inch Back

WSJ Commercial - Wed, 03/03/2010 - 09:31
Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.


Categories: Commercial RE News
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