WSJ Commercial
L.A. Meets South Beach
Los Angeles hotel-and-nightclub entrepreneur Sam Nazarian finally is getting closer to debuting his hotel brand in South Beach, Fla., thanks to a $65 million recapitalization.
Categories: Commercial RE News
Hong Kong Auction Defies Expectations
A local Hong Kong developer paid much more than expected for two prime residential sites in a closely watched government land auction.
Categories: Commercial RE News
Europe Slowdown to Follow U.K.
Categories: Commercial RE News
All In for Texas Hold 'Em
Leon Heron is doubling down on the real-estate market around Corpus Christi, Texas, where his Live Oak Preserve development is stalled by lack of financing.
Categories: Commercial RE News
Sunstone Snares South Beachs Royal Palm Hotel
Sunstone prevailed at a foreclosure auction to buy the iconic but troubled Royal Palm Resort Hotel on Miamis ritzy Collins Avenue for $117 million.
Categories: Commercial RE News
Chicago Condo Project Gets $170 Million Loan
The developers of a luxury Chicago condominium project stalled by the credit crunch obtained a $170 million construction loan from a group of lenders led by Japan's Sumitomo Mitsui Banking.
Categories: Commercial RE News
Builder Bets on California Revival
Standard Pacific has entered a $150 million deal that gives the home builder the right to buy 468 acres of land in northern San Diego County over the next two years.
Categories: Commercial RE News
Lend Lease Swings to Profit
Lend Lease Group, Australia's largest property developer, swung to a full-year net profit on the absence of heavy writedowns that marred its previous result.
Categories: Commercial RE News
Former U.S. Open Stadium May Go Condo
Forest Hills' famous tennis stadium in Queens, longtime home of the U.S. Open and site of rock concerts through the 1970s, could be going condo.
Categories: Commercial RE News
Sales of Distressed Properties Ramp Up
U.K. banks and other creditors are speeding up commercial-property sales of distressed assets partly because they are concerned the recent increase in prices may be leveling off.
Categories: Commercial RE News
Coastal Resort Goes for Cheap Price
Exclusive resort Sea Island is selling its assets to two funds and filing for bankruptcy protection. The deal is a sign of the changes taking place in the commercial real-estate landscape.
Categories: Commercial RE News
New Lenders Fill Commercial Void
Many traditional banks are still skittish about commercial-property lending. But other financial-services companies are stepping into the breach.
Categories: Commercial RE News
ProLogis Comes to Recovery Crossroads
The cheering on Wall Street for ProLogis, the world's largest owner of warehouses and distribution properties, has become much more muted.
Categories: Commercial RE News
Tough Slog Ahead for Xanadu Creditors
The lenders must deal with the state of New Jersey, which has made it clear that it might try to take control if the project isn't completed soon.
Categories: Commercial RE News
InterContinental Sees a Rebound
InterContinental Hotels Group said room rates, which fell during the recession, have started to rise in most markets.
Categories: Commercial RE News
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