When a Beverly Hills company offered the money needed to buy and preserve land around the Hollywood sign, it touched off debate about what price Los Angeles is willing to pay.
Chastened by the recession, mall-based apparel retailers like Gap and AnnTaylor are poring over their real-estate portfolios, looking for stores they can shrink, in a bid to increase profit.
Thursday, March 18th, 2010
Barry Sternlicht, best known for founding boutique W Hotels, has persuaded Extended Stay to spurn its other suitors and back his bid to take the hotel chain out of bankruptcy-court protection.
Wednesday, March 17th, 2010
Lawmakers approved a measure that will force holdout owners to sell apartments to a developer that buys at least 80% of a building's units. The new rule is expected to put prime real estate in play for development.
Wednesday, March 17th, 2010
Brookfield Properties is eyeing a collection of about 20 buildings in or near Washington that fell into default last summer.
Tuesday, March 16th, 2010
Kimco Realty is the latest real-estate developer to consider pulling out of a project in the predominantly African-American and Hispanic community in upper Manhattan.
Tuesday, March 16th, 2010
The deal saved the Four Seasons San Francisco from possible foreclosure. Westbrook also got controlling stakes in Millennium's Four Seasons Miami and Ritz-Carlton Boston.
Thursday, March 11th, 2010
Negotiations continued between developer Larry Silverstein and the Port Authority who are trying to resolve an impasse over the redevelopment of the World Trade Center site before a critical deadline Friday.
Thursday, March 11th, 2010
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.
