Thursday, February 18th, 2010
Harvard's endowment is looking to sell up to $500 million of its real-estate portfolio—if the price is right—as it seeks to cut its exposure to the troubled property market.
Archive for February, 2010
Wednesday, February 17th, 2010
Investors and analysts expect Simon Property to sweeten its $10 billion offer for General Growth, with other suitors possibly waiting in the wings.
Wednesday, February 17th, 2010
Simon Property is offering about $10 billion in cash and stock for rival mall operator General Growth, which is currently restructuring under bankruptcy-court protection.
Tuesday, February 16th, 2010
Foreign investors sit on the sidelines, weighing their next move, as local rivals attract investment and move through the Chinese real-estate industry with more ease.
Tuesday, February 16th, 2010
Andrew Farkas is negotiating to take over a unit of Centerline Holding, a firm that specializes in restructuring troubled mortgages securitized into bonds.
Tuesday, February 16th, 2010
London's banks and other financial institutions are leasing floor space at a rate not seen since the top of the last market boom.
Thursday, February 11th, 2010
A real-estate fund run by the asset manager acquired 16 office properties with about 2.9 million square feet from the financial services firm. The price was about $200 million, according to a person familiar with the matter.
Thursday, February 11th, 2010
New York's Times Square may get a seven-story aquarium as a Toronto-based developer signed a preliminary agreement to go forward with the $100 million project.
Thursday, February 11th, 2010
Nearly 3,000 small U.S. banks could be forced to dramatically curtail their lending because of losses on commercial real-estate loans.
Wednesday, February 10th, 2010
There is a glimmer of hope for the credit-starved commercial-property industry in an unlikely place: an office park in the Pittsburgh suburb of Cranberry, Pa.
