UDR is in contract to buy an apartment building in downtown Manhattan in a $325 million deal that reflects the giant real-estate investment trust's efforts to become a major player in the lucrative coastal markets.
Hotel owner Sunstone Hotel Investors has promoted Kenneth E. Cruse to chief executive officer from president as founder and chairman Robert Alter returns to a more passive, advisory role with the company.
London's prime real estate appears to have emerged strongly from the gloom that still envelops other property markets.
Portugal's real-estate sector avoided a property bubble that sparked economic pain in Spain and Ireland, but it still may be headed for trouble.
SunCal is making deals again even as the land developer wrestles with the consequences of dozens of failed investments made before the real-estate bubble burst.
Saudi Arabia's Prince Alwaleed bin Talal plans to build the world's tallest building in Jeddah less than two years after the Burj Khalifa opened in Dubai at a height that many thought wouldn't be surpassed for years.
General Growth Properties Inc. confirmed that it will spin off a portfolio of 30 lower-quality malls totaling 21.1 million square feet that will be absorbed into a newly formed real-estate investment trust called Rouse Properties Inc.
Mall owners trying to keep their space filled amid the economic downturn have found an unexpected source of relief: demand from newly minted retailers.
Starwood Property's Barry Sternlicht told analysts he sounded the alarms on problems with the structure of a $1.5 billion sale of commercial mortgage-backed securities.
Orion Capital Managers said it has bought a slice of residential land to build one of London's most expensive housing developments, in an effort to take advantage of foreign demand for luxurious properties which is boosting prices in prime areas of the capital.
The battle to build New York City's tallest, and possibly priciest, residential building is heating up along Manhattan's 57th Street corridor. Extell Development Co. has leapt ahead by building 22 floors of a 90-story condo and hotel project that will sprout 1,004 feet high.
Developer Extell is close to getting a $700 million construction loan on the 57th Street project, sources say.
Swire Pacific said its property arm plans to sell Festival Walk, a Hong Kong shopping and commercial complex, to Singapore-based Mapletree Investment Pte. Ltd. for $2.41 billion, in a move analysts said is aimed at raising funds to support the company's property expansion plans in China.
Related Cos. bought control of a half-built skyscraper in Chicago's downtown in a bid to restart construction on the site, people involved with the deal said.
Hotel Leelaventure, India's luxury hotel chain, has formed a joint venture agreement with Prestige Estate Projects to develop its land in South India, according to a company statement.
Property developer Hang Lung Properties reported a 75% drop in fiscal-year profit as it refrained from launching completed residential projects in Hong Kong while the government moved to contain surging home prices.
The estate of Lehman Brothers is ramping up sales of its property portfolio as commercial real-estate prices recover, in a move that could help creditors of the defunct investment bank.
The Apple family of real-estate funds saw sales plunge in June after a securities regulator said it was suing David Lerner Associates, the broker that markets the funds.
When Terremark Worldwide looked for a new European data-center location, it found Amsterdam's airport city to be a natural fit. Terremark's reasons for choosing Schiphol help explain why it is emerging as one of the leading airport cities in the world.
A bankruptcy judged approved a financing pact for the stalled Las Vegas-area real-estate project dubbed "Inspirada" that puts a group of home builders behind the troubled development back in the driver's seat.
A proposal to build a huge Gaylord Entertainment convention hotel-and-rodeo complex in the Denver suburb of Aurora has sparked a shootout among hoteliers, city leaders and others at odds about whether public financial assistance gives such projects an unfair advantage.