News

Helmsley Estate Sells Manhattan Hotel - Mar 10th, 10
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

WTC Development Talks Continue - Mar 11th, 10
Negotiations continued between developer Larry Silverstein and the Port Authority who are trying to resolve an impasse over the redevelopment of the World Trade Center site before a critical deadline Friday.

Fortis Sues Lender Kennedy in Debt Case - Mar 11th, 10
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.

European REIT Rollout at Hand - Mar 10th, 10
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.

General Growth Debt Bet Pays Off - Mar 10th, 10
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.