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Real-Estate Cap Rates Rise
The average cap rate for office properties in central business districts jumped to 8.8% in December from 8.56% in November. |
London & Stamford Looks to Pounce
The U.K. real-estate company has a $1.62 billion war chest as it looks for acquisitions. But the market is becoming crowded with more competitors and suffers from a shortage of properties. |
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Resort Developer Stands by Tiger Woods
The Cliffs at High Carolina is one of many golf resorts struggling with the economic downturn that has eroded demand for luxury homes adjoining golf courses. |
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Hotels Change Names to Draw Conferences
Luxury hotels have enlisted a new tool to attract business meetings in lean times: For the sake of appearances, they are dropping the word "resort" from their names. |
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Tishman Abandons Stuyvesant Deal
A group led by Tishman Speyer has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town Manhattan apartment complex to its creditors. |
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Barbados Shores Up Four Seasons
Barbados is bailing out the troubled Four Seasons luxury-resort development on the tiny island by guaranteeing a $60 million bank loan to help restart construction. |
Icahn Wins Bid for Fontainebleau
Carl Icahn is poised to take control of the Fontainebleau Las Vegas, a stalled casino hotel development on the Las Vegas Strip. |
London Has Shaky Property Crown
London office space has re-emerged as the world's most expensive. But that's just because occupancy costs per work station have stopped falling while those in other cities are still in decline, according to a report. |
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Goldman Subprime Fallout Hits Home
In Fort Mill, S.C., people hoped the subprime-mortgage industry would retool the economy. But jobs that popped up in the housing bubble have disappeared -- and residents are struggling to make ends meet. |
Home Builders See Recovery
Housing construction is expected to rebound this year from the severely depressed 2009 level, but the market remains fragile as foreclosures continue to rise. |
Revival in 'Private-Label Mortgage Securities'
The market for "private-label" mortgage-backed securities screeched to a halt two years ago when surging defaults ruined investors' appetite for the bonds. But now some underwriters on Wall Street are talking about bringing them back. |
Simon Raises $2.25 Billion in Debt
The mall giant's sale of notes in the latest example of a real-estate investment trust taking advantage of the favorable capital markets. |
British Land's Strategy Shift Raises Eyebrows
Chris Grigg has gotten plenty of kudos for shoring up the balance sheet of the U.K.'s second largest real-estate investment trust. But his plans to change British Land's investment strategy has gotten mixed reviews. |
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