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Commercial property news and information
KB Home CEO Resigns Over Backdated Options
Bruce Karatz will forfeit about $13 million in gains from the backdating scandal as part of an agreement with the company, based in Los Angeles. Chief Operating Officer Jeffrey T. Mezger will assume the CEO post. More »
Buzz in West Texas Is About Jeff Bezos and His Launch Site
The effort to build a facility for Amazon.com founder's commercial space venture in West Texas, Blue Origin, has caused consternation among locals. More »
Houston's Midtown Vision Falters As Redevelopment Project Lags
A group of locals have touted the urban promise of the city's Midtown for two decades, but more than half of its 475 blocks are yet to be redeveloped. More »
Some Builders Feel Heat From Holders, Lenders
Many are suffering declining profits and sluggish sales. But some companies are experiencing more serious hurt -- including pressure from activist shareholders, increasingly nervous banks and large layoffs. More »
Silverstein Can't Collect Funds For WTC Redesign, Judge Rules
A bid by the World Trade Center leasee for nearly $700 million in additional insurance payments to cover post-9/11 safety improvements has been rejected. More »
As the NYSE Builds a Fortress, A Neighbor Calls It Bad Business
Few businesses have installed as many visible security measures since the 2001 terrorist attacks as the New York Stock Exchange. Now, one of its landlords, Vornado, says things have gotten out of hand and is demanding the Big Board fix the situation. More »
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Vegas Developers Draw Wild Card: Spiraling Costs
Rising construction costs are prompting some Sin City Strip developers to hedge their bets and scale back. More »
Low Office Prices Draw Buyers in Indianapolis
Down-to-earth prices in the sector attract investors weary of sticker shock in bigger cities. A comparatively diversified economy has helped cushion the blow from losses in the city's manufacturing sector. More »
Japanese REITs Are on a Roll As Prices in the Sector Climb
Investor interest is high on relief that the latest regulatory probe of the industry didn't produce any big surprises. Analysts expect the upward trend to continue. More »
Israel's Gazit Proposes Controlling Stake in Mills
The overseas company proposed injecting up to $1.2 billion in the shopping-mall developer. The move could lift the real-estate investment trust, but analysts are skeptical. More »