Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.

The cheering on Wall Street for ProLogis, the world's largest owner of warehouses and distribution properties, has become much more muted.

A group led by Colony Capital is expected to give up the $2 billion Xanadu project in New Jersey to its creditors in the collapse of one of the most high-profile retail developments of the real-estate boom.

In the boom years, developers added millions of square feet of warehouse space just off Exit 7A of the New Jersey Turnpike. Now the area is the epicenter of a warehouse bust.

Buyout firm Blackstone Group is finalizing deals to buy one of the largest shopping malls in Hawaii, an 80% interest in 17 million square feet of U.S. warehouse space and a 5% stake in mall owner General Growth Properties.

In one of the largest office leases of the year, the North American headquarters of Allianz Global Investors will move to an office tower on Broadway.

The Trump Organization, usually known for its gold-leaf and luxury brands, has struck a new deal with the retail giant at 40 Wall St.

A Miami-based developer is seeking to capitalize on predictions of a rougher hurricane season, which may be a marketing opportunity for him and his new tower at 1450 Brickell Ave.

With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon.

Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage.