Many office property owners that have been able to keep their heads above water are being undone by tenant contractions and the expiration of five-year leases that were signed at the peak of the boom.
Korman Communities is expanding its AKA brand of luxury, extended-stay hotels to Los Angeles, seeking to cater to the entertainment-industry clientele that it already serves with its four hotels in New York.
One of real estate’s least-exciting businesses—warehouses that allow people to store their unused sofas, lamps and other household goods—have become a hit with investors.
Colony Capital, a California-based private equity firm, on Monday won a hard-fought battle among creditors for control of the Jameson Inn chain of 103 budget hotels in the Southeast and Midwest U.S.
U.S. malls and shopping centers experienced a slight improvement in occupancy during the fourth quarter, a relief for landlords that have been battling lackluster demand from retailers for most of the downturn.
Houston’s lack of nostalgia for historic buildings went on vivid display Sunday when a 60-year-old office tower once considered a masterwork of modern architecture was demolished.
The U.S. office market showed modest signs of improvement in the last three months of 2011, as the national office-vacancy rate fell slightly from the previous period.
Carlyle Group raised $2.34 billion for its sixth U.S. real-estate fund, which will make opportunistic investments in major cities across North America.
Good news for Bill Gates, Gloria Estefan and Pierre Omidyar: Luxury hotels are rebounding, offering their famous owners some solace that their purchases will be more than costly trophy assets.
Private-equity investor Colony Capital has scored a victory in what is emerging as a messy legal tug of war over the Jameson Inn chain of 103 budget hotels.
Spending on construction projects rose 1.2% in November from October to a seasonally adjusted annual rate of $807.1 billion, according to the U.S. Census Bureau.
After a tumultuous first year as chief executive of General Growth Properties, Sandeep Mathrani is about to make perhaps his boldest move yet: The shopping-mall owner is set to spin off 30 of its weaker malls.
A fight is brewing between two of China’s biggest property developers as they wrestle for control of a commercial real-estate site in the heart of Shanghai.
Interest rates are at the lowest levels in decades, but commercial property owners looking to refinance shouldn’t expect to lock in those rates any longer.