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.
Grosvenor Launches China Fund
Grosvenor, a U.K. real-estate development and investment firm, launched a $600 million fund that will invest in China's shopping malls.
Mall Landlords Gain Ad Space
As mall and shopping-center owners lose tenants in the souring economy, they are at least gaining something else: more advertising space.
What should we be investing in now?
About 2 weeks ago, I asked a partner of mine to go out and solicit investment ideas from a small group of readers, close associates and friends. Starting today, I am going to repost and discuss some specific ideas given to us by this modest population of successful individuals.
Today, we bring you Gary. (not his real name, of course)
Gary is a close friend of mine and knows our staff extremely well. He is a self-made man, investment professional and well-educated. Here are his ideas pertaining to what we should be investing in right now.
End of the Office Party Is Coming
The next shoe? After years of plunging residential property valuations, commercial real estate too is in the danger zone, as office vacancy rises, stores close and hotel bookings fall.
China Offers Hoteliers a Reprieve
As signs emerge that travelers are feeling squeezed by the global credit crisis, China appears to be a bright spot.
Venture Strikes Land Deal
CIM is leading an investor group that paid $48 million to buy a 68,000-acre California ranch with plans to develop it as a wind farm.
Mall Shares Slide on Retail Fears
Stocks of mall owners slid by 14% as the sharp drop in retail sales stoked fears of higher vacancy rates and declining rental rates for landlords.
