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Maguire May Be Forced Out
Fri, 16 May 2008 23:04:00 EDT
Robert Maguire III ended his last-ditch effort to buy the company he founded and is on the verge of being forced out as chairman and CEO.
Consumers Are Downbeat on Economy
Fri, 16 May 2008 23:29:00 EDT
Consumer sentiment about the economy hit a 28-year low, while housing starts jumped 8.2% in April on gains in the multifamily category.
A Gamble That Went Bust
Fri, 16 May 2008 16:54:00 EDT
The collapse of ANB, an Arkansas bank that went bust last week in the biggest failure of a brick-and-mortar U.S. bank in more than a decade, is an ominous sign for many banks that gambled on real estate.
Family Feud Upsets Asian Firm
Thu, 15 May 2008 21:52:00 EDT
A family feud roiling one of the world's largest property developers, Sun Hung Kai Properties, took a fresh turn when its chairman and CEO won a temporary injunction fending off what he called an attempt by his two younger brothers to oust him.
Centro's Structure Fends Off Creditors
Tue, 13 May 2008 22:54:00 EDT
Centro Properties Group's complicated capital structure was a key to its growth. Now that the company is struggling, the structure may shield it from creditors.
Post's Meager Prospects
Tue, 13 May 2008 21:09:00 EDT
Chances for a sale of Post Properties appear to be dimming amid weaker-than-expected first-quarter earnings and the loss of a key prospective buyer for the company.
Self-Storage Business Faces a Test
Tue, 13 May 2008 21:53:00 EDT
As self-storage companies head into their peak rental season, the assumption that they will benefit from the housing crisis is being tested.
Home-Price Decline Spreads
Tue, 13 May 2008 23:38:00 EDT
In the latest sign that the housing market is deflating at a record pace, the National Association of Realtors said prices declined in more metropolitan areas in the first quarter than at any time in the past three decades.
Bonds Tied to Mortgages Have Hope
Fri, 09 May 2008 21:57:00 EDT
Maybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults doesn't send their prices tumbling again.
Property Mogul Poised to Fall Again
Fri, 09 May 2008 09:27:00 EDT
Ian Bruce Eichner is on the verge of losing control of his Las Vegas casino-resort project -- 16 years after a similar loss in Times Square. His roller-coaster track record shows that in commercial real estate, failure on an epic scale need not be a career killer.
Real-Estate Drop Has a Green Lining
Fri, 09 May 2008 00:21:00 EDT
Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.
Wachovia's Big-Loan Executive Is Leaving
Wed, 07 May 2008 09:03:00 EDT
Wachovia's Robert Verrone, known for his deal making, is expected to leave. The bank's first-quarter loss will widen due to new write-downs.
Progress Is Slow in Coming to Hard-Hit City
Tue, 06 May 2008 21:02:00 EDT
Decades after deep job cuts in the steel and manufacturing plants, Gary, Indiana's residents and real estate still bear the scars.
REITs' Solid Results May Prove Fleeting
Tue, 06 May 2008 23:41:00 EDT
Executives at real-estate investment trusts are cautious about the outlook for the rest of the year, despite surprisingly strong earnings for the first quarter.
The Eco-Kitchen Challenge
Fri, 16 May 2008 22:49:00 EDT
Renovating to be green takes more time, research and intestinal fortitude than doing it the regular way. Is a 16-month journey to a new kitchen worth it? Journal reporter Gwendolyn Bounds details her remodeling process.
Can Houses Be Sold Like Art?
Sat, 17 May 2008 00:00:00 EDT
A restored modernist home in Palm Springs, Calif., fetched $15 million this week at Christie's prestigious evening sales -- a record for a home sold at an art-house auction. But some devotees of midcentury architecture were dismayed. Photos
Fannie, Freddie Called Weak in Capital Base
Fri, 16 May 2008 20:50:00 EDT
Fannie Mae and Freddie Mac's meager capital could pose a significant risk to taxpayers and financial institutions, their regulator said.
Consumers Are Downbeat on Economy
Fri, 16 May 2008 23:29:00 EDT
Consumer sentiment about the economy hit a 28-year low, while housing starts jumped 8.2% in April on gains in the multifamily category.
Discounts? Yes. Fire Sale? No
Fri, 16 May 2008 18:13:00 EDT
The market for debt tied to commercial real estate is beginning to thaw as investors buy up mortgages and securities at discounts.
Source of House Data Skews Loan Losses
Wed, 07 May 2008 23:56:00 EDT
Wachovia and Washington Mutual are using housing-market data that might be less-negative than those used by other lenders.
Shortage of Laborers Plagues India
Fri, 16 May 2008 18:14:00 EDT
India has a chronic labor shortage in the area where it needs workers most. So many infrastructure and construction projects are now under way that the pool of workers with even the most basic skills is running dangerously dry, which may slow India's economic growth.
Shift to New Product Helps to Keep Mortgage Firm Afloat
Thu, 01 May 2008 11:22:00 EDT
A mortgage company, facing a market meltdown, moves into a completely new product line with more growth potential. Full Article.
Kimco Realty Sees Growth in Mexico
Tue, 29 Apr 2008 23:58:00 EDT
Shopping-center developer Kimco Realty is shifting its focus to Mexico, with its emerging middle class, as many U.S. markets are overbuilt with retail.
Emerging From the Shadows of San Francisco
Tue, 29 Apr 2008 22:35:00 EDT
Oakland, Calif., has made headway to throw off its gritty image and emerge from the shadow of San Francisco. But a deteriorating economy and a slumping housing market are raising questions about whether the pace of redevelopment can be sustained.
For Unibail, Less From More
Tue, 29 Apr 2008 23:01:00 EDT
Unibail is being applauded by the market for one consequence of the French company's deal to buy Rodamco Europe: it sharply reduced the company's exposure to the office market.
Comcast's Surprise
Tue, 29 Apr 2008 23:24:00 EDT
Philadelphians have been giving good reviews to city's first new skyscraper in 15 years. … The slowdown in the retail sector seems to be hitting Developers Diversified Realty particularly hard. … Related Cos. is dealt another setback.
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