Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company’s plan.
Full article: Marriott Expands in Europe ...
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.
Full article: General Growth Debt Bet Pays Off ...
The New York real-estate investor will buy one of the nation’s largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline’s debt.
Full article: Farkas Closes Deal to Buy Centerline ...
Metric Property Investments hopes to raise £150 million in an IPO on the London Stock Exchange’s main market as it seeks to take advantage of the sharp downturn in property values.
Full article: U.K. REIT Plans IPO ...
Entrepreneur-biologist J. Craig Venter has renovated a 5,000 square-foot home in La Jolla with plenty of room for his “toys and joys.”
Full article: Craig Venter’s Hangout ...
Aerosmith drummer Joey Kramer sells his house for $2.7 million; a Los Cabos, Mexico, property linked to Edra Blixseth goes on the market and Larry Hagman cuts the price of his Ojai, Calif., estate.
Full article: Aerosmith’s Kramer Sells Home ...
A look at homes in Pennsylvania, New York and Massachusetts that come with a turret or two.
Full article: Paging Rapunzel ...
A federal judge hearing mall owner’s bankruptcy reorganization grants it four more months of exclusive control over its fate, against the objection of some suitors and creditors.
Full article: General Growth Wins Plan Extension ...
The FDIC is investigating loan practices at Georgia’s Integrity Bank, which was seized in 2008 after loaning all its capital to the owner of Casa Madrona Hotel & Spa in California.
Full article: Trust Not Enough for Integrity Bank ...
Say goodbye to the building boom that made it seem like there was a bank branch on every corner. The total number of branches in the U.S. is on pace to decline for the first time since 2002.
Full article: Banks Begin to Rein In Branch Boom ...
Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.
Full article: Multifamily-Home Builders Inch Back ...
The total number of retail bank branches in the U.S. is on pace to decline this year for the first time since 2002.
Full article: Banks Rein In Branch Boom ...
Despite the increase in commercial-property transactions this quarter, they remain well below the peak hit in 2007 as concerns persist about the economy.
Full article: Europe Property Deals Start Strong ...
Land & Houses plans projects that could fetch as much as $942 million this year, though it cautioned about the country’s uncertain political climate.
Full article: Thai Firm Bets on Strong Market ...
Spending on new construction was running at a seasonally adjusted annual rate of $884.1 billion in January, down 9.3% from the same month a year earlier.
Full article: Construction Spending Falls ...