wall street

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.

Read the full article →

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.

Read the full article →

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.

Read the full article →

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.

Read the full article →

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.

Read the full article →

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.

Read the full article →

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.

Read the full article →

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.

Read the full article →

Starwood Goes Shopping for U.S. Malls

March 27, 2012

Veteran investor Barry Sternlicht is preparing to buy majority stakes in seven U.S. malls from Westfield Group for roughly $1 billion.

Read the full article →

Grubb & Ellis Cancels Bankruptcy Auction

March 21, 2012

Real-estate firm Grubb & Ellis canceled the auction for its assets, saying no offers better than lead bidder BGC Partners’ emerged by the deadline.

Read the full article →

Tech Firms Go Far and Wide for Space

March 21, 2012

The one bright spot in an office-space market that has been slogging back from the downturn has been technology-industry expansion. And it isn’t happening just in Silicon Valley.

Read the full article →

Construction Jobs

March 14, 2012

The job recovery in the U.S. may be gathering steam, but the construction sector so far is being left behind.

Read the full article →

Challenging the Empire

March 13, 2012

Another investor has filed a lawsuit against the Malkin family’s plan to take public the Empire State Building and other properties, marking the third such effort attacking the initial public offering in two weeks.

Read the full article →

In Berlin, Apartments Are the Rage

March 13, 2012

Berlin saw a record number of tourists last year, but Germany’s capital also is becoming a place where more people want to live.

Read the full article →

New J.P. Morgan Fund Hits a Wall

March 13, 2012

J.P. Morgan has ceased efforts for now to raise a new $750 million real-estate fund because of lack of investor interest in the type of high-risk, high-return deals that it was planning to do.

Read the full article →

Simon Property Adds to Global Heft

March 9, 2012

Shopping-mall king David Simon chalked up a big prize with a $2 billion purchase of a controlling stake in French retail landlord Klépierre.

Read the full article →

Seagram Building Owners in Legal Spat

March 6, 2012

New York developer Aby Rosen is being sued by minority partner Harry Lis over action that he alleges reduced the value of his stake.

Read the full article →

Plots & Ploys: Art of the Condo

March 6, 2012

Martin Margulies has secured an $80 million loan to build a 24-story condo tower in south Florida. The catch: It’s a personal loan secured by some pieces of his modern art collection.

Read the full article →

Tesco Fund IPO Raises $602 Million

March 4, 2012

The Tesco Lotus property fund priced its initial public offering at the top end of the price range in Thailand to raise $602 million, making it the country’s largest listing since 2006.

Read the full article →

Marijuana Facility on Market

March 2, 2012

A company whose plans to build a medical marijuana growing facility have been rebuffed by two central New Jersey communities is looking to a nearby town for support.

Read the full article →

← Previous Entries