Commercial Realty News

WSJ.com: Commercial Real Estate
CMBS Market Begins to Show Fissures	11/18/2008 9:04 PM
The market for debt used to finance commercial real estate tumbled on worries about rising defaults for commercial mortgage-backed securities.
Future of Fannie, Freddie Debated	11/18/2008 8:17 PM
Debate is heating up on the future of Fannie Mae and Freddie Mac as they struggle with heavy losses and investors continue to shy away from their debt.
Companies in Europe Batten Down Hatches	11/18/2008 8:04 PM
Many European real-estate companies are not only disclosing weaker results but also announcing new business strategies designed to ride out the recession.
Feldman's End Game	11/18/2008 8:17 PM
Distressed-mall buyer Feldman may have found a way to ease its own distress without declaring bankruptcy. But few, if any, investors will come out whole.
Corus Will Defer Payments	11/18/2008 8:17 PM
Corus said it is deferring interest payments on $405 million of junior subordinated debentures and is seeking money from the Treasury Department's $700 billion rescue fund.
Hypo Real Estate Forecasts Grim Outlook	11/18/2008 9:22 AM
Hypo Real Estate reported a larger-than-expected loss in the third-quarter and said its outlook for the remainder of the year and beyond looked grim.
DBSI Failure Shows Spread of Turmoil	11/16/2008 9:22 PM
The collapse of DBSI, a real-estate firm that catered to mom-and-pop investors, shows how pain in the commercial-property market is spreading.
LaSalle Orders 20% Cut in Hotel Staffing	11/16/2008 8:24 PM
LaSalle Hotel Properties told its management companies to cut their work forces by 20%, a day after the company rescinded its 2008 guidance.
Goldman Losing Real-Estate Guru	11/14/2008 8:41 AM
Stuart Rothenberg is leaving his job as head of Goldman Sachs Group Inc.'s real-estate investment division, which has raised some $26 billion for its real-estate funds since 1991.
Sands Project Causes Worry	11/14/2008 8:51 AM
A large unfinished project in Singapore involving Las Vegas Sands has the city-state making contingency plans.
Dubai Faces Hit as Property Boom Fades	11/12/2008 9:22 PM
Dubai's property boom appears finally to be over, with asking prices for some homes falling as much as 19% in October from the previous month.
ProLogis CEO Resigns	11/13/2008 1:21 PM
The resignation of the chief executive of the world's largest warehouse developer is another sign of pessimism toward the economy.
Calpers Confronts Huge Housing Losses	11/12/2008 10:40 PM
Calpers is taking a hit from the real-estate market, which is roiling its investments in land and housing projects.
Investors Dump Mall, Industrial REITs	11/13/2008 8:45 AM
The latest meltdown in shares of mall and industrial REITs underscores the concern over a sharp, global economic slowdown in the wake of more dismal news from the retail sector.
Toll Brothers Sales Sink to New Low	11/12/2008 8:26 AM
Toll Brothers' orders fell 27% last month as job cuts and the financial crisis caused a wave of cancellations.
Residential-TIC Tack Hits Snags	11/14/2008 9:07 AM
Tenant-in-common structures on residential buildings are proving a tough sell in a difficult housing market.
Slump Infiltrates German Funds	11/12/2008 8:48 AM
The forces hammering property markets around the world have finally cracked Germany's open-ended real-estate funds.
Trump Files Suit Against Lenders	11/7/2008 9:51 PM
Donald Trump filed suit against the lenders on his unfinished Chicago skyscraper.
Mall Owner Is Warning of Default	11/11/2008 1:53 AM
Mall owner General Growth Properties warned that its failure to refinance its debt could trigger default on billions of dollars in debt.
Sands to Raise $2 Billion, Halt Casinos	11/11/2008 8:39 AM
Las Vegas Sands said it has secured more than $2 billion in capital-funding commitments and also will suspend casino developments.