WSJ Commercial
Vornado, MGM Resorts in Deal
A Vornado-led partnership is paying MGM Resorts about $80 million for land connected to the Borgata Hotel Casino in Atlantic City.
Categories: Commercial RE News
LNR Property Gets $417 Million Infusion
Commercial real-estate company LNR has secured a $417 million equity infusion to help pay off a chunk of its debt.
Categories: Commercial RE News
For AvalonBay, Long Island Filled With Risk, Reward
The region near New York City is one of the nation's toughest markets to development properties. AvalonBay is undeterred.
Categories: Commercial RE News
Miami Tower Built for Storms
A Miami-based developer is seeking to capitalize on predictions of a rougher hurricane season, which may be a marketing opportunity for him and his new tower at 1450 Brickell Ave.
Categories: Commercial RE News
Office Developers Revive Plans
With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon.
Categories: Commercial RE News
It's a Low Point for High Point
Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage.
Categories: Commercial RE News
Boston Properties' Profit Falls, but Beats Its View
Boston Properties' second-quarter earnings fell, as did a key measure of profitability for the office-property owner, but both beat the company's guidance.
Categories: Commercial RE News
Howie Gelbtuch Is a Mini-Donald Trump
Howie Gelbtuch has amassed a grand portfolio of Manhattan real estate. He would be the next Donald Trump were it not for one detail: Most of his buildings stand less than half a foot tall.
Categories: Commercial RE News
Japan's Toyoko Inn Targets New York
Japanese no-frills hotel operator Toyoko Inn is planning to expand into the U.S. market with a 640-room tower in the New York City borough of Queens, where it plans to offer tiny rooms for rates that are among the lowest in the city.
Categories: Commercial RE News
East London Hopes For Olympic Renewal
While building is on schedule for London's 2012 Olympic Games, locals fear the broad urban renewal central to the bid could become a lesser priority.
Categories: Commercial RE News
Starwood's Profit Falls 15%
Starwood Hotels reported a 15% drop in earnings on charges as the lodging company continued to see improved demand.
Categories: Commercial RE News
Scrutiny Turns to Retirement Centers
A fast-growing sector of senior housing is coming under increased scrutiny in Washington—continuing-care retirement communities.
Categories: Commercial RE News
Investor Blinks After Staredown
Atlanta deal maker Kris Miller paid Equity Office Properties Inc. $33 million in 2007 for 9000 Central Park, a 205,000-square-foot, seven-story office building. He took a loss on the resale.
Categories: Commercial RE News
Morgan Stanley Ponders Property
After building one of the biggest, most prestigious real-estate-investing businesses on Wall Street, Morgan Stanley is weighing plans to scale it back.
Categories: Commercial RE News
Paris Isle, Deserted No More?
A piece of prime real estate, an island on the Seine River southwest of the Eiffel Tower, finally may get developed after sitting empty since 1992.
Categories: Commercial RE News
Europe's Property Sales Rise
The volume of investment is just a fraction of what was seen before the financial crisis amid uncertainty about the global economy.
Categories: Commercial RE News
CMBS Market Rises From Ashes
The commercial-mortgage-backed-securities market, a leading source of financing in commercial property until the financial collapse of 2008, is showing signs of life.
Categories: Commercial RE News
China Land Price Growth Slows
Land prices in China continued to rise in the second quarter from the preceding quarter, albeit at a slower pace, highlighting the challenges that Beijing faces in its efforts to lower persistently high property prices.
Categories: Commercial RE News
Famed Builder Is Acquired
Aecom Technology has acquired Tishman Construction, the builder of the original Trade Towers, combining two leaders in the field of commercial and government building.
Categories: Commercial RE News
A Toothsome Time for Tom Barrack
Colony Capital Chief Executive Tom Barrack has a new following: fans of the vampire-novel series 'Twilight.'
Categories: Commercial RE News
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