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Commercial property news and information
Brookfield Deal for Mills May Not End Drama
After Mills agreed to the $1.35 billion bid from Brookfield Asset Management Inc., Gazit-Globe Ltd made an increased recapitalization offer for the real-estate investment trust. More »
Pittsburgh's Commercial Market Exhibits Signs of Strength
Despite some glimmers of hope real estate here is unlikely to take off. Investors are still passing on this former industrial region, given its below-average job growth and shrinking population. More »
Hedge Fund Offers to Increase Its Stake in Ailing REIT Mills
Farallon proposed to buy $499 million in Mills stock from the company, a move which would give the shareholder more than a one-third stake in the floundering real-estate investment trust. More »
Builders Poised to Post Big Profit Drops
U.S. home-building companies are set to announce double-digit earnings declines and hefty land-related write-downs when they report fourth-quarter results. More »
Shares Fall 22% for Mall REIT Upon News of Probe's Findings
An internal investigation into accounting problems at Mills Corp. found 'possible misconduct' among a litany of errors that will force the company to write off about $350 million in shareholder equity. More »
Condos, Office Buildings Increase Curb Appeal in Downtown Omaha
Once better known for steaks and stockyards Nebraska's most populous city has been adding a little sizzle to its skyline. Since 2000, the metro has seen about $2.5 billion in new development downtown and along the riverfront. More »
D.R. Horton Reports Orders Fell 23% in First Quarter
While home orders dropped cancellations remained high in the company's fiscal first quarter as it continued to struggle with a deteriorating market. More »
Post Housing Bubble, Property Still Pays
There's still plenty of money to be made in real estate. In an excerpt from "The Wall Street Journal Complete Real-Estate Investing Guidebook," we take a look how to do it and include pointers on the basics of property investing. More »
Failed Condos Spur Rise in Vacant Apartments
Apartment vacancies jumped to 5.9% in major U.S. cities at the end of 2006 as landlords raised rents at a rapid clip and unsold condominiums converted to rentals. More »
Tenants May Gain Clout In Office-Rental Market
New data indicate that conditions could be turning a little more in the favor of tenants, after strong rent increases pushed through by landlords in 2006. More »