Mon, 15 Mar 2010 01:00 EDT

When Myles Chefetz started building a small South Beach hotel next door to his popular Prime One Twelve steak house, where a rib eye costs $56, he figured the 14-room Prime Hotel would be worth about $12 million.

Mon, 15 Mar 2010 01:00 EDT

Organizational consultant Stephen R. Covey is best known for his book The Seven Habits of Highly Effective People, which was named the most influential business book of the 20th century by Forbes magazine.

Mon, 15 Mar 2010 01:00 EDT

He has worked in construction for almost two decades, and Maurice Paul can't get a job as a cashier at Home Depot.<p/> ``I went in for the interview, and followed up a week later, and the person said I was too qualified,'' Paul said. ``They were looking at me as if I'm gonna leave as soon as I can get a better job. And in all honesty, that's what I would have done.''

Mon, 15 Mar 2010 01:00 EDT

Looking across a glistening Biscayne Bay on a recent chilly morning, Wells Fargo & Co. Chairman and Chief Executive John Stumpf pointed east and asked, ``What's that, over there?''

Mon, 15 Mar 2010 01:00 EDT

The possibility that a tragic event may occur at an office or place of employment is not first and foremost on the minds of every worker. But when it happens, it makes the news and strikes fear among all workers.

Mon, 15 Mar 2010 01:00 EDT

Do yourself a favor. Schedule your 2010 vacation days now. You've earned them, and so many employees lose them without using them.<p/> The 2009 Vacation Deprivation survey by Expedia.com found that 34 percent of American employees didn't use all their vacation days, throwing away an average of three vacation days each year. Employees, worried about job security during the most perilous economic times since the Great Depression, are postponing vacation under pressure to handle stepped-up workloads in offices with fewer employees and a squeezed bottom line, experts say.

Mon, 15 Mar 2010 01:00 EDT

BANKING<p/> BankUnited has promoted Lorrie Candiotti to senior vice president and chief operational risk officer and hired Ronaldo Gines as operational risk officer. The pair will work together to develop Bank

Mon, 15 Mar 2010 01:00 EDT

PLANTATION<p/>RESTAURANT SELLS FOR $1.4 MILLION<p/> Location: 8285 W. Sunrise Blvd.<p/>Seller: Plantation Shoppes, represented by Bob Roberts, managing member.

Mon, 15 Mar 2010 01:00 EDT

Switch: How to Change Things When Change Is Hard. Chip Heath and Dan Heath. Broadway Books. 320 pages.<p/> Not a big fan of change, per se. Change my underwear, change the channel, change tables, change the scenery (once in a while, for a weekend or so) or hope that my favorite pitcher throws a change-up, but when it comes to big, hairy, fundamental changes, include me out. It's not that I'm averse to change; I'm not, truly. But I've pretty much got it down, so I'm not looking to change wives, kids, favorite sports teams, preferred breakfast (steel-cut oats, please) or any number of other elements in my life. And I'm not alone. But life is change and if we fail to alter our behavior when required to do so, dire fates often await.

Mon, 15 Mar 2010 01:00 EDT

Entrepreneur Susie Kreitman Taylor moved quickly to get her baby product into a lot of stores, from Florida to New York to California.<p/> What she learned, though, is that before trying to sell her multipurpose bib to the masses, she first needed to educate her target customer and create demand. She now takes her marketing message mom to mom.

Mon, 15 Mar 2010 01:00 EDT

A soothsayer tells Julius Caesar, already on his way to the Senate (and hisdeath), ``Beware the Ides of March.'' Were it not for William Shakespeare's play Julius Caesar (Act I, Scene II), this ominous warning would have been lost forever.

Mon, 15 Mar 2010 01:00 EDT

Business happenings around South Florida<p/>MONDAY<p/>Broward County Property Appraiser: Deputy appraisers available to assist with Homestead, senior and other property tax exemption applications and answer questions on property taxes. Also accepts applications for Portability. Documents required to file a Homestead Exemption include current Florida driver's license or Florida ID card and current voter registration card or declaration of domicile; noon-2 p.m., Davie Town Hall, 6591 Orange Dr., Davie; free. 954-357-6035 or www.bcpa.net/events.asp.

Mon, 15 Mar 2010 01:00 EDT

Focus on providing a feasible solution to a large or widespread problem. Many entrepreneurs focus on starting their business or developing their product or service out of the entrepreneur's interests or background, but the most successful business are built by solving a problem for their target consumer.

Mon, 15 Mar 2010 01:00 EDT

With just two weeks left in the Business Plan Challenge entry period, now is the time to get your questions answered. Read the Challenge Q&A on MiamiHerald.com/challenge and submit your question if you don't see it there. Or you can e-mail ndahlberg@Miami

Mon, 15 Mar 2010 01:00 EDT

You probably need look only as far as your own checkbook to be reminded that in Florida -- as in much of the rest of the world -- the purse strings have changed hands.

Mon, 15 Mar 2010 19:37 EDT

Four groups have filed a lawsuit hoping to overturn a state permit for a nickel and copper mine in Michigan's Upper Peninsula, saying the project does not meet legal requirements for protecting the environment.

Mon, 15 Mar 2010 19:28 EDT

The Treasury Department said Monday that new lending plummeted in January at the nine largest banks that have yet to repay their taxpayer bailouts.

Mon, 15 Mar 2010 19:17 EDT

The chairman and CEO at Abbott Laboratories received a 13 percent drop in total compensation last year, mainly as a result of reduced stock options.

Mon, 15 Mar 2010 19:07 EDT

Customers of Missouri's largest electricity provider appear likely to see a rate increase. The biggest question is how much more they will pay.

Mon, 15 Mar 2010 18:52 EDT

Insurer American International Group Inc. said Monday it closed a secondary public offering of Transatlantic Holdings Inc. for about $452 million.

Mon, 15 Mar 2010 18:37 EDT

Watch out for consumers, police financial products. It sounds like a simple mandate for a proposed new consumer protection agency.

Mon, 15 Mar 2010 18:37 EDT

United States Steel Corp. CEO John Surma's compensation package plummeted more than 83 percent last year as he took a salary cut and refused stock awards. The reduction came in a year the company struggled with withering demand for steel.

Mon, 15 Mar 2010 18:32 EDT

COPPER DROPS: Copper prices fell as traders worried that China may take steps to curb economic growth, which could hurt demand for the metal used in construction and consumer products.

Mon, 15 Mar 2010 18:22 EDT

Natural gas producer PostRock Energy Corp. said Monday that its chief financial officer, Eddie M. LeBlanc, is resigning from his post and the company's executive vice president for finance and corporate development will take over the position.

Mon, 15 Mar 2010 18:17 EDT

Investors turned cautious Monday ahead of the Federal Reserve's meeting on interest rates. Major stock indexes closed narrowly mixed after trading lower for most of the day. An analyst upgrade of Wal-Mart Stores Inc. helped lift the Dow Jones industrial average to its fifth straight gain. Investors will be looking to the Fed's statement that follows its meeting Tuesday for clues about the economic recovery and the central bank's plans for interest rates. Policymakers are almost certain to keep the Fed's benchmark rate unchanged at near zero.

Sat, 13 Mar 2010 01:00 EST

Costa Cruises laid off 80 employees in South Florida last week as part of a shift in strategy.<p/> The Genoa, Italy-based cruise operator said its dominance in Europe enables it to fetch higher prices for its Caribbean cruises by selling them to Europeans instead of Americans, who aren't as familiar with the brand. As a result, the company is shifting certain finance, accounting, revenue management and sales and marketing tasks from Hollywood to Italy and cutting some field jobs. ``We analyzed our Caribbean market and realized we would draw higher yields [the revenue generated per berth per day] if we focused on marketing the Caribbean to Europeans,'' said Maurice Zarmati, president and CEO of Costa's North American operations.

Fri, 12 Mar 2010 13:42 EST

Costa Cruises laid off 80 employees in South Florida last week as part of a shift in strategy.<p/> The Genoa, Italy-based cruise operator said its dominance in Europe enables it to fetch higher prices for its Caribbean cruises by selling them to Europeans, instead of Americans, who aren't as familiar with the brand. As a result, the company is shifting certain finance, accounting, revenue management, and sales and marketing tasks from Hollywood, Fla., to Italy and cutting some field jobs.

Fri, 12 Mar 2010 01:00 EST

Mexico's Carlos Slim beat Bill Gates and Warren Buffett for the top spot on Forbes magazine's annual list of billionaires, becoming the first person from outside the U.S. to lead the rankings in 16 years.

Fri, 12 Mar 2010 01:00 EST

Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries.

Thu, 11 Mar 2010 01:00 EST

The global recession took a deep cut out of South Florida's trade last year, as seven of the region's top 10 trading partners registered annual declines and two, Brazil and Venezuela, saw trade fall by more than $2 billion each.

Wed, 10 Mar 2010 01:00 EST

Doug Brooks, president of the International Peace Operations Association, was in Turkey recently, working on an event on Afghanistan reconstruction, when an idea struck: Why not organize a conference on rebuilding Haiti in the wake of the devastating earthquake?

Mon, 08 Mar 2010 01:00 EST

Standing in one of Arrow Cargo's huge warehouses at Miami International Airport, Rodrigo Canola, the freight airline's export manager, pointed to stacks of electronic equipment from China and Korea, each separated according to their destinations in Latin America and the Caribbean.

Sat, 06 Mar 2010 15:02 EST

The earthquake caused substantial damage in Chile's wine region: Stainless steel fermentation tanks tipped over, wine bottles busted and wineries without power.

Sat, 06 Mar 2010 01:00 EST

German Chancellor Angela Merkel avoided giving debt-plagued Greece a commitment of financial assistance Friday, as Athens was rattled by more strikes and violent protests by unions outraged by harsh economic austerity measures.

Fri, 05 Mar 2010 01:00 EST

A.P. Moeller-Maersk A/S, owner of the world's largest container-shipping line, reported its first annual loss in at least six decades and said it will be limited to a ``modest'' profit in 2010 because of inadequate price increases.

Thu, 04 Mar 2010 14:17 EST

A Royal Caribbean International cruise ship was placed under quarantine in southeastern Brazil after hundreds of passengers were stricken with vomiting and diarrhea, health authorities said Thursday

Mon, 15 Mar 2010 18:13 EDT

THE PROPOSAL: Bring high-speed Internet access to more areas of the country and make existing connections faster.

Mon, 15 Mar 2010 18:13 EDT

NAME: Julius Genachowski

Mon, 15 Mar 2010 18:08 EDT

Cuba says a U.S. ruling that makes it easier for companies to provide Internet communications services on the island is meant to destabilize the country, not loosen Washington's 48-year economic embargo.

Mon, 15 Mar 2010 17:13 EDT

Chip maker Pericom Semiconductor Corp. said Monday that Aaron Tachibana, former chief financial officer of Asyst Technologies Inc., will join the company as CFO.

Mon, 15 Mar 2010 15:48 EDT

Apple says it will replace iPads with dying batteries for about $100.

Mon, 15 Mar 2010 15:08 EDT

Since Julius Genachowski became chairman of the Federal Communications Commission last year, his main priority has been overhauling the government's strategy for expanding high-speed Internet access.

Mon, 15 Mar 2010 12:42 EDT

Product: Jawbone Icon Bluetooth headset<p/>Features: Comes in six designs with optional earhook and several earbud cushion sizes. Speaks updates in your ear for caller ID and battery life. Up to 4 1/2 hours of talk time and 10 days standby time. Connects to multiple cellphones. iPhone users can see a battery meter on the iPhone screen.

Mon, 15 Mar 2010 11:03 EDT

More corners of the country would have high-speed Internet access and existing connections would become much faster under a sweeping proposal to overhaul U.S. broadband policy that is being unveiled Tuesday.

Mon, 15 Mar 2010 07:37 EDT

Social networking site Facebook is opening an operations office in India, its first in Asia, to help manage rapid growth in the number of users.

Mon, 15 Mar 2010 10:17 EDT

Getting people to pay for news online at this point would be "like trying to force butterflies back into their cocoons," a new consumer survey suggests.

Sun, 14 Mar 2010 15:34 EDT

Kristie McNealy blogs from her suburban Denver home about raising four children and health issues. Her husband, Rob, a floor installer, runs another Web site offering product reviews and advice on hardwood floors.

Wed, 07 Oct 2009 14:46 EDT

An apparent bottom in the Miami-Dade hotel market gave way in August, when tourist taxes plunged 20 percent -- making it the third worst month for the industry since the financial crisis began a year ago.<p/> An apparent bottom in the Miami-Dade hotel market gave way in August, when tourist taxes plunged 20 percent -- making it the third worst month for the industry since the financial crisis began a year ago.

Mon, 15 Mar 2010 18:57 EDT

In a major reversal from her first proposal, Jackson Chief Executive Eneida Roldan presented a new plan Monday afternoon with much smaller cuts -- eliminating about 650 jobs and keeping both satellite hospitals open.

Mon, 15 Mar 2010 18:42 EDT

Hours before Jackson Health System's governing board is scheduled to meet to work out drastic budget cuts, the American Federation of State, County and Municipal Employees (AFSCME) announced Monday it had worked out a partnership agreement with the financially struggling institution.

Mon, 15 Mar 2010 07:32 EDT

If you want to legally get yourself and your car home after a night of partying, a packable scooter may deliver the answer.<p/> Zingo Fort Lauderdale will send a driver, via scooter, to the location of the drunk driver. The driver packs the scooter into the trunk of the customer's vehicle, and delivers customer and vehicle to their destination.

Mon, 15 Mar 2010 12:27 EDT

Florida's government-owned Citizens Property Insurance Corp., bracing for an ``above-normal'' hurricane season, plans to sell $2 billion in tax-exempt bonds as early as this week.

Mon, 15 Mar 2010 19:02 EDT

Last week, Kevin Sheehan, the chief executive officer of Norwegian Cruise Line, opened an e-mail from his pricing guru with an update on ticket prices and bookings.

Mon, 15 Mar 2010 12:42 EDT

Product: Jawbone Icon Bluetooth headset<p/>Features: Comes in six designs with optional earhook and several earbud cushion sizes. Speaks updates in your ear for caller ID and battery life. Up to 4 1/2 hours of talk time and 10 days standby time. Connects to multiple cellphones. iPhone users can see a battery meter on the iPhone screen.

Sun, 14 Mar 2010 01:00 EST

Put Something Back and the Bankruptcy Bar Association are offering free bankruptcy clinics at the Bankruptcy Courthouse in Downtown Miami, 51 SW 1st Ave., Courtroom 1410 on the following dates and times: Friday, March 19, 10 a.m. -- 12 p.m.; Friday, April 16, 10 a.m. -- 12 p.m.; Friday, May 14, 10 a.m. -- 12 p.m.

Sun, 14 Mar 2010 01:00 EST

For about five years the street light by our building has been damaged and hasn't been fixed. On many occasions we have called FPL and the city of Miami, but nothing.

Thu, 11 Mar 2010 13:00:00 GMT

At first glance, the 40 or so men and women sitting in school desks Monday at Miami International Airport customer service training seemed anything but uniform.

Thu, 11 Mar 2010 13:00:00 GMT

More than two years after soliciting financial institutions, Miami-Dade commissioners last week approved banks to handle county and clerk of courts accounts, but not without some contention.

Thu, 11 Mar 2010 13:00:00 GMT

South Dade residents and visitors can look forward to the long-awaited opening of their very own cultural center one year from now – a "firm" date after years of waiting.

Thu, 11 Mar 2010 13:00:00 GMT

The part-time Miamian now sitting atop the US Export-Import Bank says though the bank did $21 billion in trade financing last year, no deal is too small to consider.

Thu, 11 Mar 2010 13:00:00 GMT

Although office tenants are still looking for ways to decrease their space needs, good deals from landlords are keeping the inventory of sublease opportunities from skyrocketing, brokers say.

Thu, 11 Mar 2010 13:00:00 GMT

Miami's Gusman Center for the Performing Arts can be "a center for downtown," but a little soul-searching is in order before a game plan can be devised, say local arts and culture experts.

Thu, 11 Mar 2010 13:00:00 GMT

Limited supply of apartment buildings and more attractive financing available indicate a coming uptick in sales in the multi-housing market, a new report says.

Mon, 15 Mar 2010 04:05:40 GMT

E! Entertainment Television has re-upped its headquarters lease in Los Angeles, signing a 10-year renewal at Wilshire Courtyard. Comcast's popular entertainment network occupies a total of 335,304 square feet at 5700 and 5750 Wilshire Blvd. It is...

Mon, 15 Mar 2010 01:54:48 GMT

This week in the Retail Roundup, CoStar reports on expansions or new concepts at Urban Outfitters and Genesco; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at French Connection, Men's Wearhouse, American Eagle and Williams...

Fri, 12 Mar 2010 05:43:16 GMT

During 2009, Men's apparel retail chain, Men's Wearhouse, opened 6 new, but closed 41 stores. Due to geographic overlap caused by its 2006 acquisition of the AfterHours Formalwear chain, the company has identified 145 stores that it would likely close...

Thu, 11 Mar 2010 06:19:26 GMT

Pittsburgh, PA-based specialty apparel retailer, American Eagle Outfitters (NYSE:AEO), is shuttering its MARTIN + OSA banner, including its 28 stores and online business. The company expects to conclude the liquidation of the MARTIN + OSA stores, which...

Wed, 10 Mar 2010 01:46:19 GMT

The Executive Office of Health and Human Services for Massachusetts signed a lease for 114,451 square feet of office space at HarborSouth Tower in Quincy. MassHealth and other related divisions will occupy floors four through eight at 100 Hancock St....

Thu, 11 Mar 2010 03:17:02 GMT

In addition to keeping an eye on declining property values, falling rents and rising vacancy rate numbers, the commercial real estate community is also concerned over ominous signs in banking industry numbers. One big area of concern is the fact that...

Wed, 10 Mar 2010 10:51:34 GMT

Commercial real estate lending has tentatively started to flow, but as any building owner will attest, credit isn't easy to obtain and the onslaught of maturing commercial mortgages is chipping away at the confidence of investors. The challenges to...

Wed, 10 Mar 2010 06:33:07 GMT

Eight regional commercial real estate firms that teamed up to become one in January officially launched as Cassidy Turley on March 1. The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker...

Wed, 10 Mar 2010 08:36:20 GMT

The International Council of Shopping Centers' (ICSC) latest Shopping Center Executive Survey showed that shopping center executives' confidence in the present economic situation and expectations for the future, while muted, are better and improving....

Wed, 10 Mar 2010 09:42:15 GMT

CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial...

Thu, 11 Mar 2010 03:11:58 GMT

LeaseFlorida LLC in Miami Lakes, FL, foreclosed on two failed residential condominium projects. In the first deal, Cypress Bay condo project in the Sunset Harbor area of Miami Beach. Cypress Bay was a planned 20-unit with ground floor retail at 1225...

Thu, 11 Mar 2010 03:05:19 GMT

One Main Street LLC, a New York-based investment fund, agreed to acquire tiny Liberty Bank Inc. of Salt Lake City. The transaction is subject to regulatory approval. One Main Street has filed an application to become a bank holding company with the...

Fri, 12 Mar 2010 04:10:13 GMT

General Growth Properties (NYSE:GGP) announced that a joint venture between Pershing Square Capital Management and Fairholme Capital Management said they would commit $3.925 billion of new equity capital, at a value of $15.00 per share, to facilitate...

Mon, 08 Mar 2010 11:44:13 GMT

In this week's edition of In The Pipeline, Forest City's Atlantic Yards mixed-use project is scheduled to finally break ground this week. Meanwhile, another long delayed development project, the Guasti Historic District in Ontario, CA,has begun with...

Mon, 08 Mar 2010 10:10:56 GMT

UBS is extending its stay at One North Wacker Drive in Chicago, also known as the UBS Tower. The Swiss financial services firm has renewed for 400,000 square feet in the office tower, a total of 13 floors. The 10-year lease, set to commence in 2012...

Mon, 08 Mar 2010 05:32:35 GMT

Faced with a probable $238 billion shortfall over the next 10 years, the United States Postal Service has outlined a new plan to cut costs and return the agency to long-term profitability. The Postal Service's new plan outlined several additional...

Mon, 08 Mar 2010 02:06:39 GMT

This week in the Retail Roundup, CoStar reports on expansions or new concepts at TJX Companies and Kohl's; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Swoozie's and the Northgate Mall; acquisition, merger, loan, sale...

Fri, 05 Mar 2010 09:54:50 GMT

Elbit Plaza USA, a new real estate investment venture jointly formed by Elbit Imaging and Plaza Centers N.V., has entered into a co-investment agreement with Eastgate Property, an affiliate of international real estate fund manager, NCH Capital. Specifically...

Fri, 05 Mar 2010 03:15:59 GMT

Oakbrook, IL-based Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies, Inc., completed the acquisition of a portfolio of 16 shopping centers totaling 3.5 million square feet. The REIT acquired the portfolio...

Thu, 04 Mar 2010 03:17:03 GMT

Large dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook so far in 2010, particularly in the multifamily and hospitality sectors. To be certain, the number of property sales with price tags of $5 million...

Wed, 03 Mar 2010 07:50:50 GMT

Commercial real estate development and construction activity continued to plumb new depths in 2010, according to new government data. And a leading indicator of future construction activity finds even fewer projects on the drawing boards. According...

Wed, 03 Mar 2010 08:40:59 GMT

Add store closings to the list of categories where 'less bad' has become the 'new good.' The International Council of Shopping Centers (ICSC) issued its latest semi-annual report on store closings and found that the huge wave of store closures that...

Thu, 04 Mar 2010 12:00:38 GMT

U.S. Bankruptcy Court Judge Allan Gropper granted General Growth Properties an additional 120-day exclusive window to file its bankruptcy reorganization plan. The four-month extension is less than the 180 days that General Growth requested, but is significantly...

Wed, 03 Mar 2010 11:03:34 GMT

CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial...

Thu, 04 Mar 2010 03:15:53 GMT

While multifamily vacancy rates are expected to stabilize in certain markets, Fitch Ratings' outlook for the sector in the near-term remains negative. Although vacancy rates are expected to reach their peak of 8.9% in 2010, rents will take longer to recover...

Thu, 04 Mar 2010 03:03:55 GMT

Pacific Western Bank in San Diego, CA, sold 61 non-covered adversely classified loans totaling $323.6 million, which includes $107.6 million of nonaccrual loans, to an institutional buyer for $200.6 million in cash - or about 62 cents on the dollar. Among...

Tue, 02 Mar 2010 04:02:18 GMT

LaSalle Hotel Properties, a Bethesda, MD-based hotel REIT, purchased the Sofitel Washington, DC Lafayette Square for $95 million. Gem Realty Capital Inc., a real estate investment company headquartered in Chicago, sold the 237-room property at 806 15th...

Tue, 02 Mar 2010 03:08:31 GMT

Peerless Industries is consolidating operations, inking a full-building lease just west of Chicago. The manufacturer of television and speaker mounts plans to add about 85 jobs over the next three years, and retain its 405 local employees. Peerless...

Thu, 11 Mar 2010 17:39:35 EST

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.

Thu, 11 Mar 2010 09:42:22 EST

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.

Wed, 10 Mar 2010 09:58:20 EST

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.

Wed, 10 Mar 2010 10:03:57 EST

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.

Tue, 09 Mar 2010 08:10:48 EST

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

Mon, 08 Mar 2010 09:36:50 EST

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.

Mon, 08 Mar 2010 06:11:25 EST

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.

Sun, 07 Mar 2010 11:15:09 EST

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.

Wed, 03 Mar 2010 21:40:40 EST

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.

Wed, 03 Mar 2010 15:00:44 EST

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.

Thu, 04 Mar 2010 15:59:01 EST

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.

Tue, 02 Mar 2010 18:53:17 EST

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.

Wed, 03 Mar 2010 12:31:37 EST

Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.

Tue, 02 Mar 2010 21:42:44 EST

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

Wed, 10 Mar 2010 10:13:24 EST

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