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: WallStreet Journal
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.
Credit Line Is Key for Gramercy
Gramercy Capital investors will focus on its ability to maintain credit lines from its lenders. A failure to do so could put the company's survival in doubt.
