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Hammerson Redeploys in Search for Growth
The U.K. office and retail REIT's strategy is to sell mature properties in order to raise cash for new investments.
SL Green Sale Signals Pickup in New York
German company Deka Immobilien Investment will buy 19 West 44th St. for $123.2 million, or about $422 a square foot.
Builders Walk Away From Land Deals
Some home builders are re-examining land contracts, asking sellers for lower prices or abandoning deals entirely.
Toll Sails Against Some Headwinds
The luxury-home builder plans a tony development along Florida's Intercoastal Waterway.
Capital Freeze Thaws for Real-Estate Funds
Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.
Foreclosure Filed on Ritz Kapalua
The estate of bankrupt securities firm Lehman Brothers has filed court papers to foreclose on Hawaii's Ritz-Carlton Kapalua resort, continuing the carnage in that state's hotel sector.
New Resorts Owners Roll Dice
Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.
Citigroup Gets Burned in the Caribbean
The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.
Corio's Turkish Strategy Stumbles
The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions.
Help for Hyatt Isn't Enough
A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.
Kerry Buys Luxury Hong Kong Site
Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction.
Simon Closes Purchase of Prime Outlets
Simon Property Group said that it closed on its acquisition of Prime Outlets, which had come under FTC scrutiny for possible antitrust concerns.
On Horizon, New Manhattan Skyline
The approval of an office tower near the Empire State Building is a reminder that New York is poised for a wave of new skyscrapers -- if the economy cooperates.
Singapore to Damp Property Market
Singapore announced measures to cool off the property market as the island state's rapid economic recovery fuels prices.
Toll Is Back in the Black
Shares of luxury builder Toll Brothers climbed following a surprise fiscal third-quarter profit, its first in nearly three years, as revenue fell far less than analysts expected.
Henderson Land's Underlying Profit Falls
Henderson Land Development's underlying first-half net profit fell 37% due to losses stemming from the cancellation of some property sales.
Omni Snares Bankrupt Amelia Island Resort on Florida Coast
Omni Hotels & Resorts plans to expand the Amelia Island Plantation by more than 100 rooms after prevailing in an auction this week to buy the bankrupt oceanfront resort in northeast Florida.
Commercial Property Owners Choose to Default
Like homeowners walking away from mortgaged houses, some large commercial property owners are defaulting on debts and surrendering to lenders buildings worth less than their loans.
Hotels Poised to Shed Properties
With the U.S. hotel market recovering, some of the country's largest hotel companies are ready to resume their efforts to divest themselves of real estate.
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