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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.
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.
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.
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.
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.
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.
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.
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.
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.
Starwood's Profit Falls 15%
Starwood Hotels reported a 15% drop in earnings on charges as the lodging company continued to see improved demand.
Scrutiny Turns to Retirement Centers
A fast-growing sector of senior housing is coming under increased scrutiny in Washington—continuing-care retirement communities.
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.
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.
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.
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.
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.
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.
Colony, Cogsville Team Up in FDIC Asset Sale
The venture, the first in a public-private partnership in which a minority-owned firm has taken a stake, won the bidding for a $1.85 billion portfolio of distressed commercial real-estate loans.
Some REITs Flee IPO Altar
A number of companies that had planned to become REITs are getting cold feet due to stock-market volatility.
A Toothsome Time for Tom Barrack
Colony Capital Chief Executive Tom Barrack has a new following: fans of the vampire-novel series 'Twilight.'
Alliance Global to Build Philippine Hotel
The hotel will be the group's fourth at its Newport City development.
Discord Delays Hamburg Concert Hall
Hamburg, Germany, had grand plans for a world-class cultural center. Cost overruns, construction mistakes, delays and feuding among the city, the architects and the builders have marred the project.
FSA Sets Out Mortgage Rules
The U.K.'s FSA set out proposals for new rules to ensure mortgages are only extended to people who can afford them, in a bid to stamp out the high-risk lending strategies used in the run-up to the financial crisis.
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.
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