Commercial Real Estate News from RealEstateJournal.com | Expired Real Estate Leads

Commercial Real Estate News from RealEstateJournal.com | Expired Real Estate Leads

Commercial Real Estate News from RealEstateJournal.com

Commercial Real Estate News from RealEstateJournal.com
Posted on : June 26, 2009
Bankers Exit CBRE for Jones Lang LaSalle
Jones Lang LaSalle, a global commercial-real-estate services company, hired away a team of bankers from industry leader CB Richard Ellis Group. ...»

Regus Hits Rough Seas
The provider of outsourced office space in Europe has seen the recession put pressure on occupancy and pricing, damping earnings. ...»

Land Sale Records in Beijing
On Monday, land sales in Beijing shattered price records—not once but twice, according to a report in China Daily. ...»

Scranton Mall Angles for Makeover
The $37.5 million loan on the mall where NBC shot many scenes from "The Office" was transferred earlier this month to be overseen by a special servicer. ...»

Simon Readies New Bid for GGP
Simon Property Group is readying a sweetened takeover bid for bankrupt rival General Growth Properties that would top an offer on the table from several General Growth investors. ...»

WTC Development Talks Continue
Negotiations continued between developer Larry Silverstein and the Port Authority who are trying to resolve an impasse over the redevelopment of the World Trade Center site before a critical deadline Friday. ...»

Fortis Sues Lender Kennedy in Debt Case
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed. ...»

Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million. ...»

European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand. ...»

General Growth Debt Bet Pays Off
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents. ...»

Marriott Expands in Europe
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan. ...»

Farkas Closes Deal to Buy Centerline
The New York real-estate investor will buy one of the nation's largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline's debt. ...»

U.K. REIT Plans IPO
Metric Property Investments hopes to raise £150 million in an IPO on the London Stock Exchange's main market as it seeks to take advantage of the sharp downturn in property values. ...»

China Vanke's Property Sales Slip
China's largest property developer by market share said sales fell in February for the first time in 11 months. The slowdown was anticipated after the government introduced measures to cool off the real-estate market. ...»

Trust Not Enough for Integrity Bank
The FDIC is investigating loan practices at Georgia's Integrity Bank, which was seized in 2008 after loaning all its capital to the owner of Casa Madrona Hotel & Spa in California. ...»

Banks Begin to Rein In Branch Boom
Say goodbye to the building boom that made it seem like there was a bank branch on every corner. The total number of branches in the U.S. is on pace to decline for the first time since 2002. ...»

General Growth Wins Plan Extension
A federal judge hearing mall owner's bankruptcy reorganization grants it four more months of exclusive control over its fate, against the objection of some suitors and creditors. ...»

Dubai World Coughs Up Knickerbocker
The former hotel near Times Square has become the latest Dubai World investment to go belly up, and investors are looking to pick up the property at a discount. ...»

Multifamily-Home Builders Inch Back
Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012. ...»

Thai Firm Bets on Strong Market
Land & Houses plans projects that could fetch as much as $942 million this year, though it cautioned about the country's uncertain political climate. ...»

Brookfield Wagers on D.C.
Brookfield Properties is eyeing a collection of about 20 buildings in or near Washington that fell into default last summer. ...»

Developers Back Off Harlem Plans
Kimco Realty is the latest real-estate developer to consider pulling out of a project in the predominantly African-American and Hispanic community in upper Manhattan. ...»

Westbrook Swoops In to Aid Millennium
The deal saved the Four Seasons San Francisco from possible foreclosure. Westbrook also got controlling stakes in Millennium's Four Seasons Miami and Ritz-Carlton Boston. ...»