Commercial Real Estate News from RealEstateJournal.com

Starwood, Sands Plan Vegas Venture
	Starwood Hotels' high-end St. Regis brand will make its first appearance on the Las Vegas Strip under a deal in which Starwood will manage a condo development for Las Vegas Sands. ...»

Longs Property Is a Wild Card
	Could CVS Caremark's pending $2.61 billion purchase of Longs Drug Stores come undone? Dissident shareholders hope so, having intensified their campaign to disrupt the deal just as the proceedings hit the home stretch. Their potential wedge is the value of Longs' real estate. ...»

Toll Brothers Swings to Loss
	Toll Brothers swung to a loss as the U.S. housing-market declines led to more write-downs for the builder and sales continued to fall. ...»

Lehman's Clouded SunCal Bet
	A mix of easy money and land speculation helps show why Lehman is scrambling to pare back its $40 billion commercial real-estate portfolio. ...»

Emerging Europe Has Upside
	Frustrated property investors haven't given up on Central and Eastern Europe as the U.S.-led economic slowdown has begun to hit emerging markets. ...»

Hochfelder Accused of Larceny in Deals
	New York real-estate investor Adam Hochfelder has been arrested for allegedly "stealing more than $17 million from a panoply of banks and individuals." ...»

Construction Sees Drop in Spending
	Construction spending declined in July, led by another sharp drop in housing and in the construction of manufacturing plants. ...»

Mori's Skyscraper Opens in China
	In a big bet on China's post-Olympics economy, Japanese developer Minoru Mori opened the country's tallest skyscraper in a challenging environment. ...»

Japan Developers' Woes Grow
	Japan has seen a raft of property developers go to the wall this year as banks have refused to refinance their loans. Analysts say the bankruptcy filings are likely to set off a vicious cycle that will weigh on the sector's shares in the coming months. ...»

Don't Bet Against Your House
	Amid falling prices, homeowners are understandably nervous about how they can protect what for most is their biggest asset. While diversification isn't an option, there are steps homeowners can take to ride out the housing storm. ...»

Foreclosures Increase Again
	The rate of U.S. home mortgages overdue or in foreclosure surged again in the second quarter, a survey found. ...»

How to Attract Canadian Buyers
	Thanks to a strong currency and stable economy, Canadians are snapping up American homes. But with so many houses on the market, it takes some effort to attract their attention. June Fletcher offers some tips. ...»

Meet the Nouveaux Neighbors
	Boosted by a stronger currency and rising house values at home, Canadians are now the biggest foreign buyers of U.S. homes. ...»

Lenders Move to Foreclose on Macklowe
	Harry Macklowe's main lender moved to foreclose on the former tycoon's largest development project. ...»

Dodging Gustav, Recovering From Katrina
	Gulfport, Miss., was spared the full fury of Hurricane Gustav. It's also showing new signs of recovering from Katrina. ...»

Simon Says
	The stage is set for some heavy negotiating between Simon Property Group and Lend Lease over the King of Prussia Mall, a 2.6 million-square-foot behemoth near Philadelphia. ...»

Post Sets Tighter Focus to Get Through
	Post Properties plans to sell property and use the proceeds to buy back stock, reduce debt and, potentially, issue a special dividend to shareholders. ...»

Lennar Stays Ahead of Crisis
	Lennar's multiyear, billion-dollar effort to develop decrepit former military bases on San Francisco's waterfront has tapped a new financing source. ...»

Centro Sees a Net Loss, Sells Assets
	Centro Properties Group posted a net loss of $1.77 billion for the fiscal year ended June 30, reflecting a decline in property values and investments. ...»

With Republicans, It's a Green State
	Hotels in the Twin Cities are banking on John McCain and the Republican National Convention to lift a tourism market strained by a surge in rooms and increasingly budget-conscious travelers. ...»

From a Doorman to Dorm Rooms
	Columbia recently bought 127 high-end condos and has converted the building into housing for graduate students and faculty … Two decrepit Texas malls are headed for foreclosure and auction unless the owner principal owner Thomas E. Morris can once again forestall the process or pay off his lender. ...»

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

Commercial Real Estate News from RealEstateJournal.com