The city's unemployment rate is 29%, but gaming revenue at its three casinos has been off only 2% from a year ago so far this year. Atlantic City's gaming revenue has fallen 14%, and the Las Vegas Strip is down 14%.

Blackstone has begun talks with lenders to cut $5 billion from the $20 billion debt load carried by Hilton, as the private-equity firm seeks to protect its single biggest investment from default.

Some of the country's top office-building owners reported they are cutting rents and increasing tenant incentives to keep buildings filled during one of the worst commercial real-estate markets in decades.

More than 25 years ago, when the U.S. commercial real-estate began to emerge from its last collapse, Germans snapped up properties at discount prices. History may be repeating itself.

A trade group for the mortgage industry has proved itself a poor judge of the commercial real-estate market.

Capmark, one of the nation's largest commercial-real-estate lenders, filed for bankruptcy protection in Delaware, the latest sign that problems in that market are far from over.

Howard Hughes's heirs hoping for a last, big payday may be disappointed, as the housing bust has decimated the late mogul's holdings.

Citi canceled a $4.5 million renovation of its Brazilian headquarters, underscoring the sensitivity of its spending since its rescue.

Morgan Stanley may decide to take its final lumps on its unsuccessful $6.5 billion acquisition of Crescent Real Estate, the latest setback for the firm.

The increase in European commercial-property sales is picking up steam. But the market still has a long way to go before it reaches a semblance of normalcy.