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LNR Property Gets $417 Million Infusion
Thursday, July 29, 2010 7:19:45 PM
Commercial real-estate company LNR has secured a $417 million equity infusion to help pay off a chunk of its debt.
For AvalonBay, Long Island Filled With Risk, Reward
Thursday, July 29, 2010 10:55:31 AM
The region near New York City is one of the nation's toughest markets to development properties. AvalonBay is undeterred.
Miami Tower Built for Storms
Wednesday, July 28, 2010 9:14:31 AM
A Miami-based developer is seeking to capitalize on predictions of a rougher hurricane season, which may be a marketing opportunity for him and his new tower at 1450 Brickell Ave.
Office Developers Revive Plans
Wednesday, July 28, 2010 6:52:35 AM
With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon.
It's a Low Point for High Point
Tuesday, July 27, 2010 10:03:23 PM
Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage.
Boston Properties' Profit Falls, but Beats Its View
Tuesday, July 27, 2010 8:17:32 PM
Boston Properties' second-quarter earnings fell, as did a key measure of profitability for the office-property owner, but both beat the company's guidance.
Japan's Toyoko Inn Targets New York
Tuesday, July 27, 2010 5:11:54 PM
Japanese no-frills hotel operator Toyoko Inn is planning to expand into the U.S. market with a 640-room tower in the New York City borough of Queens, where it plans to offer tiny rooms for rates that are among the lowest in the city.
Europe Office Boom in Offing?
Tuesday, July 27, 2010 3:29:07 PM
With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon.
Vornado, MGM Resorts in Deal
Tuesday, July 27, 2010 2:53:47 PM
A Vornado-led partnership is paying MGM Resorts about $80 million for land connected to the Borgata Hotel Casino in Atlantic City.
East London Hopes For Olympic Renewal
Tuesday, July 27, 2010 10:39:01 AM
While building is on schedule for London's 2012 Olympic Games, locals fear the broad urban renewal central to the bid could become a lesser priority.
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