NY Investigation Of Trump Organization Holds Real Estate Giant Cushman & Wakefield In Contempt
Cushman & Wakefield denies any wrongdoing related to the court's decision and will file an appeal.
Times Square's Latest Attraction? Its Biggest Billboard Yet
Crowds gathered to see the biggest LED screen in the U.S. light up for the first time. Soon, they will see Google's advertising there.
Sept. 11 Anniversary: What Is The Status Of Rebuilding Ground Zero And The New World Trade Center? [PHOTO]
This Tuesday marks 11 years since the attack that destroyed the original World Trade Center in New York City. In the time since that horrific day, a new multibillion-dollar World Trade Center, led by the rising 1 WTC tower, is dominating the Lower Manhattan skyline.
Bill Ackman Strikes Again With General Growth Properties Bid
Bill Ackman, the mercurial hedge fund manager of Pershing Square Capital LLP and activist investor, is at it again. Ackman said in a regulatory filing Thursday that his company had been in talks with Simon Property Group Inc. (NYSE: SPG), the largest U.S. mall owner, regarding a takeover of General Group Properties Inc. (NYSE: GGP), its next largest rival.
The Ghost Of Lehman Brothers Still Haunts Real Estate Investors
Who was the biggest buyer of U.S. commercial real estate in the past 12 months? It wasn't a big private equity firm or luxury developer. Rather, it was the estate of Lehman Brothers, which is still making deals nearly four years after its demise.
US Commercial Real Estate Is 'Solid And Healthy': Barry Sternlicht
Barry Sternlicht, the chairman and CEO of Starwood Capital Group LLC and the architect of hotel brands including the W, believes the U.S. commercial real-estate market has rebounded as investors seek assets that generate returns.
'This Can't Continue': Spanish PM Warns Of Skyrocketing Borrowing Costs
Spanish 10-year government bonds have been edging toward an unsustainable 7 percent yield for weeks now, with current yields above 6.8 percent.
Moody's Slashes Credit Ratings Of 28 Spanish Banks
Moody's Investors Service Monday downgraded the long-term debt and deposit ratings of 28 Spanish banks, indicating that the credit worthiness of Spain is weakening.
Moody's Cuts Spanish Banks On Sovereign Downgrade
Moody's Investors Service on Monday downgraded the long-term debt and deposit ratings for 28 Spanish banks and two issuer ratings, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month.
Too Big To Succeed? Dewey & LaBoeuf's Demise Mirrors Real Estate Collapse
The global headquarters of Dewey & LaBoeuf LLP, a glass-sheathed office tower in midtown Manhattan, has a commanding view of a stretch of Sixth Avenue looking downtown. A pair of statues, designed by artist Jim Dine, rise from the plaza of the stately office, overlooking Rockefeller Center. But now, it will be the law firm's ornate tomb, a reminder of its glory days.
Sharon Simmons, 55-Year-Old Grandmother, Auditions For Dallas Cowboys Cheerleaders [PHOTOS]
Back in March, 55-year-old grandmother Sharon Simmons made headlines when she announced her plans to audition for the Dallas Cowboys Cheerleading squad on May 5. This past weekend Simmons did just that.
World Financial Center Evacuated As Suspicious Packages Delivered To Building 2
Police are currently investigating suspicious packages at the World Financial Center, prompting officials to evacuate one of the buildings on Thursday.
US Housing Outlook Brightens: Urban Land Institute
Experts believe 2012 could mark the beginning of a turnaround for the housing industry, albeit a slow one.
Post-Market NASDAQ Gainers (ORCC, TSRA, NXTM, DRIV, WAFD, MPWR, IGTE, THRX, TSPT, SHFL)
The top after-market NASDAQ gainers Wednesday were: Online Resources, Tessera Technologies, NxStage Medical, Digital River, Washington Federal, Monolithic Power Systems, iGATE Corp, Theravance, Transcept Pharmaceuticals and Shuffle Master.
SHoP Wraps Green Sheath Around South Street Seaport
One of the oldest neighborhoods in Manhattan may soon get closer to nature. SHoP Architects and mall operator Howard Hughes Corp. (NYSE:HHC) unveiled an emerald proposal for the Pier 17 mall on the South Street Seaport last Thursday that will ease the historic district into the present.
Sharon Simmons: Grandmother, 55, to Audition for Dallas Cowboys Cheerleaders [PHOTOS & VIDEO]
Sharon Simmons may be a 55-year-old grandmother, but that is not stopping her for having her way with an audition for the infamous Dallas Cowboys Cheerleaders. Simmons, who is turning 56 in May, plans to audition for the Dallas Cowboys Cheerleading squad May 5, amidst all of the younger competitors.
BGC Partners to Buy Grubb & Ellis as Brokerage Files for Bankruptcy
Howard Lutnick's BGC Partners Inc. (NASDAQ: BGCP) has agreed to buy the commercial real estate brokerage Grubb & Ellis Company (PINK:GRBE), which will file for Chapter 11 bankruptcy protection in the wake of declining revenue from the commercial real estate bust.
Empire State Building Owner Files for $1 Billion IPO
Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the building that has been fought over by billionaires.
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CPAC 2012: Mitt Romney Struggles to Connect with Conservative Base
Presidential candidate Mitt Romney struggled at the CPAC 2012 Conservative Political Action Conference on Friday to connect with Republican voters who either cannot relate to him or worry that he is not conservative enough.
The Hottest U.S. Real Estate Markets: Washington, D.C.
The nation's capital has been a leader when it comes to real estate. While much of the country's housing market continues to languish, Washington D.C. and the surrounding area have seen tight inventory and price growth in recent months.
30 Cities Had Half of Global Real Estate Investment: Jones Lang LaSalle
Thirty cities accounted for half of all global commercial real estate investment from 2008 to 2011, according to a report released Wednesday.
Dundee REIT to buy Whiterock for about $572 million
Dundee Real Estate Investment Trust (D_u.TO: Quote) will buy Whiterock REIT (WRK_u.TO: Quote) for about C$580 million ($572 million) in a cash-and-stock deal to strengthen its position in the office property space.
Analysis: China Developers Launch Funds to Bridge Finance Gap
China's fledgling real estate investment fund market could see a surge of activity in 2012 as property developers launch their own vehicles in a desperate bid to bridge an estimated $111 billion financing gap in the year ahead.
Wells Fargo Acquires Burdale; Bank of Ireland Continues to Deleverage Under Condition of EU-IMF Bailout
Wells Fargo & Co. (WFC) announced Monday the firm is expanding its international commercial finance capabilities through acquiring Burdale Financial Holdings Ltd and the portfolio of Burdale Capital Finance Inc. from Bank of Ireland Plc (BKIR). The portfolio represents approximately $1 billion in loans outstanding from U.S. and U.K. customers. Bank of Ireland, the nation’s largest bank, will receive about 690 million euros ($899 million) from the sale.
New York Named Most Expensive U.S. Commercial Real Estate Market
New York City was named the most expensive U.S. commercial real estate market in a report by the Building Owners and Managers Association (BOMA) International.
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