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J.P Morgan Strips Shopping-Mall Loan From CMBS Issue

April 18, 2012

A $49 million loan on a Florida shopping mall that was facing a foreclosure action before it was refinanced has been stripped from an issue of commercial mortgage-backed securities that J.P. Morgan Chase & Co. is bringing to market this week.

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Buffett Wants This Site To Be Fully Furnished

April 18, 2012

Most retailers don’t build their own stores. But Nebraska Furniture Mart Inc., owned by Warren Buffett’s Berkshire Hathaway, wants to do just that—along with developing a city-within-a-city around it on a 433-acre swath in a Dallas suburb.

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Starwood Capital to Buy Malls

April 17, 2012

Investor Barry Sternlicht’s Starwood Capital has agreed to buy a 90% stake in seven U.S. malls, including the SouthPark mall in Cleveland, from Australian mall owner Westfield Group for $1.05 billion.

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Cantor Construction Job

April 17, 2012

Howard Lutnick, the head of Cantor Fitzgerald, is aiming to integrate Grubb & Ellis with Newmark to form what he hopes will be one of the leading commercial real-estate-services companies in the world.

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AIG to Return to U.S. Property Investing

April 11, 2012

American International Group is planning to jump back into U.S. property investing, reversing yearslong efforts to downsize its real-estate business in the wake of its near-collapse and government bailout in 2008.

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Property Investors Lie in Wait in China

April 11, 2012

Cash-strapped Chinese property companies may face a reckoning this year amid high debts and a government campaign to bring down housing prices. If that happens, a number of outside investors are waiting to step in.

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Manhattan Tower’s Fate Resolved

April 11, 2012

A group of creditors including Related Cos., CIM Group and HFZ Capital won control of One Madison Park, a nearly-completed glass condominium tower in Manhattan that had been stalled in court fights for more than two years.

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Industrial-Space Showdown

April 11, 2012

Two real estate powerhouses are angling for control of a massive industrial portfolio hoping to capitalize on an expected economic recovery.

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Europe’s Gentler Debt Deals

April 10, 2012

The commercial mortgage-backed securities market in the U.S. has increasingly resembled a battlefield as delinquencies have mounted and lawsuits, foreclosures and other fights have mushroomed. In Europe, by comparison, some efforts to fix distressed commercial mortgage securities, or CMBS, look refreshingly civilized.

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High Prices, Rent Spark Fuel Feud

April 4, 2012

Gasoline prices have jumped in the past year and in some cities are hovering near record highs, boosting oil company profits. But for some real-estate companies that own gasoline stations, times are tough.

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Rowdy Class of 2007 Is Causing Problems

April 4, 2012

Five-year loans made at the height of the boom in 2007 are coming due this year, and so far the results aren’t pretty.

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Michigan Case Puts a Chill in the Air

April 3, 2012

A legal ruling potentially could give many debtholders across the U.S. new grounds to recover money from landlords who lost their properties to foreclosure.

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What’s the Deal

April 2, 2012

Fashion boutique Rag & Bone is planning to open its first Upper East Side store—but its sixth in New York—in former bank space along the trendy Madison Avenue retail strip.

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Office Leasing’s Big Drop

April 2, 2012

Commercial real-estate brokerages on Monday begin releasing their reports on first-quarter office-leasing activity, and the numbers don’t bode well for the firms’ New York profits.

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Havas Makes Hudson Home

April 2, 2012

After a two-year search, Havas SA has leased 260,000-square-feet from Trinity Real Estate, in a deal that will create a two-building campus for the firm at 200 and 205 Hudson St.

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Judge’s Ruling Favors Supervalu

March 29, 2012

A federal court in Chicago ruled that supermarket chain Supervalu and a consulting firm enjoyed a legal right to engage in a secretive campaign to thwart competitors.

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Inland American Moves Up

March 28, 2012

Inland American Real Estate Trust Inc. has purchased five upscale hotels for $393.1 million in a shift of its lodging portfolio closer to the high end.

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Lenders Opening Taps in Europe

March 28, 2012

A growing number of lenders are beginning to open their spigots in Europe’s parched commercial-real-estate market, but the trickles are far from enough to satisfy most property investors.

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Crying Foul Over the ‘Pink Ghetto’

March 28, 2012

Real-estate investment adviser Nori Gerardo Lietz has bashed high-risk property funds and dismissed the investment-banking model for real-estate private equity. Now, she is condemning the male-dominated senior management industrywide.

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Deutsche Bank, NorthStar Set to Get Chicago Tower

March 23, 2012

A partnership of Deutsche Bank and NorthStar Realty Finance is emerging as the victor in the battle to control the John Hancock Center, outmaneuvering Goldman Sachs, Blackstone Group and other investors vying for the well-known Chicago skyscraper.

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