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Commercial property news and information
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Architects Unveil Designs For Towers at WTC Site
Three new plans were revealed for the remaining office towers to be built at the World Trade Center site. The largest is a 78-story tower with a roof sliced into four diamond shapes. More »
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Film Examines the 'Gherkin,' A Controversial Building in London
An unusual movie by Mirjam von Arx shows the evolution from the early stages through construction of a recent high-profile London landmark, the Swiss Re building. Londoners are beginning to accept and even like, the 594-foot-tall, pickle-shaped structure. More »
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Clinton Library Has Spurred An Upturn in Little Rock
The Clinton Presidential Center in Arkansas has helped transform an industrial stretch of riverfront in the capital city and has jumpstarted a downtown transformation. More »
China Explains Rules to Temper Foreign Investment in Property
The Chinese government published details of real-estate regulations aimed at overseas investors, even as one of the largest transactions yet in the country was announced. More »
Landlords campaign for veto of 2-month notice to tenants
California's landlords, who face a possible return of two-month notices to move out long-term tenants, have launched a postcard campaign urging Gov. Arnold Schwarzenegger to veto the idea. More »
Mills Corp.'s Lenders Approve Sale Of Vaughan, St. Enoch, Xanadu
The shopping mall real-estate investment trust expects net proceeds of about $500 million from the sale, which it intends to use to pay down a portion of its debt. More »
Corus Is Bullish on Condo Market; Invests Heavily in the Sector
The bank has become one of the nation's most aggressive condominium lenders even as others cut back in the face of a slowing housing market. More »
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The Silicon Valley Office Market Bounces Back From Tech Wreck
The area is rebooting, some five years after the local economy was devastated, leaving office towers empty and cutting average rents by more than half. More »
KB Home Says SEC Will Probe Its Granting of Stock Options
The Securities and Exchange Commission is conducting an informal inquiry into the company, according to the home builder. Several past stock-option grants to Chief Executive Bruce Karatz were dated at unusually low points in the stock's price. More »
Mills Ignored Accounting Alerts, Former CEO Contends in Lawsuit
The real-estate investment trust received warnings from its auditor as early as 2002 that its accounting practices were flawed, according to a suit filed by the REIT's former CEO. More »