Real Estate News - Tonia Mann

Real Estate News from the Wall Street Journal

WSJ.com: Real Estate
Mall Stores Try to Shrink	3/18/2010 9:04 PM
Chastened by the recession, mall-based apparel retailers like Gap and AnnTaylor are poring over their real-estate portfolios, looking for stores they can shrink, in a bid to increase profit.
Brookfield Wagers on D.C.	3/17/2010 8:39 AM
Brookfield Properties is eyeing a collection of about 20 buildings in or near Washington that fell into default last summer.
Developers Back Off Harlem Plans	3/16/2010 9:22 PM
Kimco Realty is the latest real-estate developer to consider pulling out of a project in the predominantly African-American and Hispanic community in upper Manhattan.
Westbrook Swoops In to Aid Millennium	3/16/2010 9:21 PM
The deal saved the Four Seasons San Francisco from possible foreclosure. Westbrook also got controlling stakes in Millennium's Four Seasons Miami and Ritz-Carlton Boston.
Extended Stay Switches Bedfellows	3/18/2010 7:31 AM
Barry Sternlicht, best known for founding boutique W Hotels, has persuaded Extended Stay to spurn its other suitors and back his bid to take the hotel chain out of bankruptcy-court protection.
Hong Kong Lowers Threshold for Property Sales	3/17/2010 11:10 AM
Lawmakers approved a measure that will force holdout owners to sell apartments to a developer that buys at least 80% of a building's units. The new rule is expected to put prime real estate in play for development.
Simon Readies New Bid for GGP	3/17/2010 5:16 AM
Simon Property is readying a sweetened takeover bid for bankrupt rival General Growth that would top an offer on the table from several General Growth investors.

Real Estate News from the Wall Street Journal