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.
Wells Fargo & Co. is the winning bidder for Bank of Ireland's $1.4 billion U.S. commercial-real-estate loan portfolio, marking the latest sale of U.S. real-estate debt by a troubled Irish bank.
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.