Curb Appeal: U.K. Real-Estate Stocks?
In the midst of bad news about the global property market, could British real-estate companies be emerging as stocks to buy?
Category: Successes
Happy Election Day!
It is time we select our 44th President of this great country. I sure hope all of you FlipBoard readers get out and vote today. You must exercise your right to participate in the greatest political system of modern man.
Where else on earth can you experience total political power transition without a drop of blood shed?
Take care!
Richard
Beverly Hills Development in Doubt
A high-profile British developer has defaulted on a $365 million loan for prime land it bought in Beverly Hills as part of a plan to build luxury condos.
California Cities Cut Police Budgets
With a slowing economy and housing woes, some California cities have targeted public-safety budgets that in the past were off-limits to the budget ax.
REIT Spinoff Is Proposed for Target
Activist investor William Ackman proposed spinning off the land Target owns under its stores into a separate real estate investment trust.
Wynn Builds Resort as Las Vegas Slumps
Wynn Resorts is moving ahead on a $2.3 billion Las Vegas resort at a time when rival casino companies are pulling back on projects.
Bad Timing for London Mall’s Debut
Westfield Mall, the largest mall in a European city, opens Thursday, but its timing couldn't be worse. Britain's economy is sliding into a recession.
Nordstrom Hopes for Business as Usual
Nordstrom opened a store in the Pittsburgh area, joining other high-end retailers that hope to fill a niche despite the downturn in consumer spending.
Miami Mogul Plays Buyer, Seller
Developer Jorge Pérez is scrambling to sell thousands of condos amid a market swoon. Yet he is also buying condos on the cheap, starting with units in his own building.
Paris Office Towers on Block at Tough Time
Lehman Brothers paid a European record $2.81 billion for the Coeur Defense office complex in Paris last year. A resale may fetch far less.
