Friday, October 30th, 2009
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%.
Wednesday, October 28th, 2009
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.
Wednesday, October 28th, 2009
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.
Wednesday, October 28th, 2009
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.
Tuesday, October 27th, 2009
A trade group for the mortgage industry has proved itself a poor judge of the commercial real-estate market.
Monday, October 26th, 2009
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.
Friday, October 23rd, 2009
Howard Hughes's heirs hoping for a last, big payday may be disappointed, as the housing bust has decimated the late mogul's holdings.
Wednesday, October 21st, 2009
Citi canceled a $4.5 million renovation of its Brazilian headquarters, underscoring the sensitivity of its spending since its rescue.
Wednesday, October 21st, 2009
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.
Wednesday, October 21st, 2009
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.
