Calpers Confronts Huge Housing Losses
Calpers is taking a hit from the real-estate market, which is roiling its investments in land and housing projects.
Category: WallStreet Journal
Dubai Faces Hit as Property Boom Fades
Dubai's property boom appears finally to be over, with asking prices for some homes falling as much as 19% in October from the previous month.
Seller Financing Regains Favor
Developers Diversified Realty's offer to finance part of a property sale is the latest example of seller financing, which is now playing a role in more large deals.
Hilton Buyout Drags Blackstone
The downturn in the hotel market is making the acquisition of Hilton Hotels look like a big burden for Blackstone.
Analysts Think Worst Is Yet to Come
The Los Angeles property market is looking more earthbound, as the global financial crisis is beginning to play itself out in the region's real estate.
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?
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.
