Judge Clears General Growth’s Bankruptcy Exit Plan
October 22nd, 2010A bankruptcy judge approved General Growth Properties’s plan to exit from bankruptcy, setting the stage for the mall giant to split into two companies and sell more than $2.1 billion of new stock.
Canada Pension Wades Deeper into U.S. Real Estate
October 20th, 2010Canada’s national pension fund is paying $91 million for a 45% stake in two Washington, D.C., office buildings as it ramps up its exposure to U.S. real estate.
Debt Deals Signal Thaw
October 19th, 2010The offerings from Hilton and Extended Stay would be by far the largest issuance of commercial mortgage-backed securities since the downturn.
German Funds: Reopen or Close?
October 17th, 2010German open-ended real-estate funds that froze redemptions two years ago are facing a shake-out as a reopen-or-liquidate deadline looms. Already, KanAm US-Grundinvest is closing a dollar-based fund.
Macau Resort Battle Escalates
October 14th, 2010An arm of U.S. investment firms Oaktree Capital Management and Silver Point Capital filed suit against its joint-venture partners in Macau, escalating a dispute over a long-delayed $2.4 billion casino-resort project.
Land Bet Besets D.E. Shaw
October 13th, 2010Known for its obsession with computer-driven investing, D.E. Shaw surprised many real-estate deal makers in late 2006 by teaming up on a New Mexico development project. Now the hedge-fund firm is facing a roughly $100 million loss.
Two Indexes on Commercial Real Estate
October 12th, 2010Green Street Advisors says the commercial-real-estate market hit bottom in mid-2009. Moody’s says not so fast. What are investors to do?
Blackstone in Hotel Hunt
October 12th, 2010Blackstone is taking aim at 14 hotels owned by Columbia Sussex in the latest case of the investment firm buying at the trough of the market a hotel asset that it sold at the peak.
Iconic London Building In Line For Makeover
October 12th, 2010A perennial reminder of Britain’s lost industrial might, the long-defunct Battersea Power Station is an iconic Art Deco building beloved of Londoners.
Two Indexes, Two Views on Commercial Real Estate
October 12th, 2010Green Street Advisors says the commercial-real-estate market hit bottom in mid-2009. Moody’s says not so fast. What are investors to do?
