Wed, 04 Nov 2009 20:36:00 GMT
Coventry Real Estate Advisors Files $500 Million Lawsuit Against Developers Diversified Realty (DDR); Coventry Asking ... (Business Wire via Yahoo! Finance)
NEW YORK----Coventry Real Estate Advisors today filed a $500 million lawsuit in the Supreme Court of the State of New York against publicly-traded Developers Diversified Realty for fraud, malfeasance, mismanagement, violation of fiduciary and contractual obligations and self-dealing in 12 retail real estate projects across the country where DDR provided management, leasing and development ...
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Wed, 04 Nov 2009 05:10:18 GMT
Michael Bloomberg wins 3rd term as New York City mayor (Reno Gazette-Journal)
NEW YORK (AP) — Billionaire Michael Bloomberg won a third term as New York mayor Tuesday in a closer-than-expected race against a Democratic challenger who stoked voter resentment over the way Bloomberg changed term-limits law so he could stay in office.
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Tue, 03 Nov 2009 16:55:31 GMT
FACTBOX-Recent real estate deals in Brazil (Reuters via Yahoo! Asia News)
NEW YORK, Nov 3 (Reuters) - Brazil, a future host of the World Cup and the Olympics, is drawing global investor interest to its real estate sector.
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Mon, 02 Nov 2009 22:02:00 GMT
Retail giant Wal-Mart pushing to move into New York City (New York Daily News)
Walmart is on mission to open a bunch of new stores in the United States. And New York City is high on this list of potential cities.
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Mon, 02 Nov 2009 23:52:49 GMT
Grim reality still grips U.S. commercial real estate (Reuters)
NEW YORK (Reuters) - Executives do not expect the U.S. commercial real estate market to emerge from critical condition any time soon, according to a survey by The Real Estate Roundtable.
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Thu, 29 Oct 2009 12:39:03 GMT
First Cornell Real Estate Case Competition Attracts Teams from Top Programs (Hospitality Net)
Students from seven of the top undergraduate real estate programs in the country will go toe to toe in the Cornell Real Estate Case Competition, November 12, at the TIAA-CREF headquarters at 730 3rd Avenue in New York City. The Center for Real Estate Finance at Cornell's School of Hotel Administration is proud to host the first annual event.
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Thu, 29 Oct 2009 13:47:22 GMT
Commercial-Real-Estate Crush: The Next Crisis Not to Be Wasted? (Ludwig von Mises Institute)
Some groups are losing a lot of money right now. The current news regarding the commercial-real-estate market in New York City is an indicator of the big-city result of "irrational exuberance" in commercial real estate.
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Mon, 26 Oct 2009 21:32:57 GMT
Four Seasons New York Loan Placed on S&P Watch for Downgrade (Bloomberg)
Oct. 26 (Bloomberg) -- Commercial real estate debt backed by four luxury hotels including the Four Seasons in New York may be downgraded by Standard & Poor’s because of a drop in cash flow from the properties.
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Tue, 27 Oct 2009 01:17:52 GMT
Ivana Trump weds fellow real estate magnate (Otago Daily Times)
Ivanka Trump has wed the son of another major New York area real estate family. The daughter of Donald and Ivana Trump married Jared Kushner at Trump National Golf Club in Bedminster, N.J., on Sunday. The Orthodox Rabbi Haskel Lookstein performed the ceremony.
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Mon, 26 Oct 2009 11:30:58 GMT
Record N.Y.C. Real Estate Deal Now on the Rocks (New York Times)
It was the most expensive real estate deal in U.S. history. Now it’s poised to become one of the biggest flops, The Associated Press writes. At the height of the real estate bubble in 2006, an investment group led by New York City real estate firm Tishman Speyer Properties and BlackRock Realty Advisors paid $5.4 billion for a pair of gigantic Manhattan apartment complexes known as Stuyvesant ...
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Mon, 26 Oct 2009 03:08:18 GMT
New York's biggest ever US$5.5b real estate poised to flop (MalaysiaNews.net)
NEW YORK: It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of the real estate bubble in 2006, an investment group led by Ne...
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Sun, 18 Oct 2009 16:03:13 GMT
Obama, Bill Clinton to Help Dems Win New York Congressional Seat (Fox News)
The Nov. 3 contest in upstate New York's 23rd Congressional District, a sprawling, 11-county area where registered Republicans outnumber Democrats by 45,000, is shaping up as a test of a struggling GOP and a possible gauge of Obama's coattails.
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Fri, 16 Oct 2009 17:47:17 GMT
The Sexist-y Beat? Why Women Dominate Commercial Real Estate Reporting (The New York Observer)
The world of New York commercial real estate is often still a tale of clubby patronage, posturing and mistakenly asking the one female broker at the meeting to fetch coffee. Sixty-four percent of commercial real estate brokers nationwide are men, a gender predominance that holds for New York as well; yet, the majority of print reporters covering this boys’ club are women. The more notable ...
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Thu, 15 Oct 2009 16:21:40 GMT
Moody's: Credit quality better but banks, airlines, real estate challenged (Minneapolis-St. Paul Star Tribune)
NEW YORK - The analysts at corporate ratings service Moody's Investor Service were upbeat in their latest analysis of corporate credit, but they warn many companies still struggle with maintaining creditworthiness.
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Thu, 15 Oct 2009 13:15:55 GMT
Big, Boring Bank of New York: Is It Safe? (TheStreet.com)
Bank of New York Mellon's shares have underperformed their peers this year, but along with a lower reward comes lower risk.
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