Malls Race to Stay Relevant in Downturn
February 26, 2009
An aging mall in Pennsylvania is fighting to reinvent itself amid the toughest climate for retailers in decades.New home sales drop to record low in Jan.
February 26, 2009
New-home sales tumbled to a record-low annual pace in January and there is no relief in sight as the U.S. pushes deeper into recession.
Hong Kong Tops List of Expensive Offices
February 25, 2009
Despite seeing rents slip by 4%, Hong Kong leapt ahead of London's West End as home of the world's most expensive office space in 2008.Home resales drop to lowest in 12 years
February 25, 2009
Sales of existing homes took an unexpected plunge from December to January, falling to the lowest level in nearly 12 years as pessimism about the economy grew.
Sugarman’s iStar Loses Shine
February 25, 2009
IStar Financial, the commercial-mortgage REIT, is in danger of violating certain bank-debt covenants.BofA Feels Bite of Move Into Mortgage-Backed Securities
February 25, 2009
Bank of America avoided the excesses of many rivals during the housing boom, but its performance isn't nearly as impressive with regard to mortgage-backed securities.St. Joe Swings to a Loss
February 24, 2009
St. Joe Co. swung to a loss as Florida's largest private-property owner recorded $55.8 million in write-downs and write-offs on goodwill and the value of projects under development.Inland, a Nontraded REIT, Flashes Its Cash
February 24, 2009
The recent sale of an office complex for $230 million highlights the unusual position of a suburban Chicago-based company that is still able to buy.It’s 1992 Again
February 24, 2009
The Federal Reserve reported that banks have placed more than 2% of the value of commercial-real-estate loans in "charge-off," the first time that has happened since 1992.U.S. home prices tumble at record pace
February 24, 2009
A widely watched home price index, released Tuesday, showed prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.