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Blog Profile / Developments - WSJ.com


URL :http://blogs.wsj.com/developments/?mod=WSJBlog
Filed Under:Business & Finance / Real Estate
Posts on Regator:3029
Posts / Week:9.8
Archived Since:December 12, 2008

Blog Post Archive

Any Positive News a Boon for Detroit Housing Market

Detroit’s exit from bankruptcy wouldn’t herald an immediate boon for the beleaguered metro area’s housing market, but it least signals a step in a better direction. A federal judge approved Detroit’s bankruptcy plan Friday.

Sears’ Potential REIT Spinoff May Not Cure All Its Ills

Investors are betting that a potential spinoff of some of Sears Holdings Corp.’ s property holdings into a real-estate investment trust might give the ailing retailer a boost, but some analysts aren’t so sure.

Realtors More Bullish On New Home Sales Than Builders

Lawrence Yun, the National Association of Realtor’s chief economist, is optimistic about the new home market–even more so than home builders.

How Home Prices Are Faring In Your City

The National Association of Realtors released data showing how home prices have changed in 172 metropolitan areas.

Regulator Seeks to Allay Fears of Risky Mortgage Lending

A top housing regulator on Friday said that a lack of demand to buy homes might be slowing the housing recovery, while providing slightly more details about a program that some critics have said could open the door to risky lending practices.

HotelTonight On a Hiring Spree

The mobile hotel booking service HotelTonight has been on a hiring spree, luring an executive from the online streaming music service Beats Music and a consultant to the home-sharing company Airbnb.

Bay Area Land Deal Shows Dirt Prices Still High

A venture led by developer Trumark Homes is paying roughly $200 million for 184 acres of raw land in the hill country east of the Bay Area in a sign that demand remains strong for land in the top housing markets.

Google Growing into Former Nabisco Factory by Manhattan’s High Line

Google has signed a lease for 180,000 square feet at 85 Tenth Ave., a brick former Nabisco cookie factory by the High Line.

Wall Street Cheers 3Q Results of Commercial Real Estate Firms

Wall Street continued to push shares of CBRE Group and JLL closer to their 52-week highs Friday encouraged by the third quarter financial results posted by the world's two largest commercial real estate services firms earlier in the week.

Home Builder Turns to More ‘Spec’ Building To Battle Resales

Meritage Homes Corp. has adopted a risky strategy to compete with the less-expensive market for existing homes: building more homes on speculation.

World Trade Center Tower Set to Rise After $1.6 Billion Bond Deal

Developer Larry Silverstein on Tuesday secured the money needed to construct his long-planned 1,170-foot 3 World Trade Center, selling nearly $1.6 billion of of tax-exempt bonds.

Crescent In Deal to Sell Apartment Portfolio For Nearly $700 Million

Two buyers, including UBS Global Asset Management, have agreed to pay nearly $700 million for nine luxury apartment complexes in the southeast developed by Crescent Communities LLC, one of the largest rental apartment deals of the y...

College Costs: NYU Pays Up For Vacant Buildings

NYU last week paid $157 million for a pair of adjoining buildings at 404 Lafayette St. and 708 Broadway, topping $1,000 per square foot.

World Trade Center Tower Set to Rise After $1.6 B Bond Deal

Developer Larry Silverstein on Tuesday secured the money needed to construct his long-planned 1,170-foot 3 World Trade Center, selling nearly $1.6 billion of of tax-exempt bonds.

Forest City Eyes a Profit on Barclays Center

Developer Forest City has high ambitions as it seeks new investors in the Barclays Center. The company is expecting any new investor will pay a price that values the arena substantially above its cost, according to a Forest City official. Left...Show More Summary

Skadden Arps Plans Move to New Tower on Manhattan’s Far West Side

A soaring new skyscraper is poised to rise on Manhattan’s West Side, as legal giant Skadden Arps Slate, Meagher & Flom LLP has signed a letter of intent with Brookfield Property Partners to move to the planned 1 Manhattan West tower,...Show More Summary

One World Trade to Open Nov. 3, But Ceremony is TBD

Nine years after ground was broken on North America’s tallest building, One World Trade Center is set to open its doors Nov. 3 to publisher Condé Nast, its principal tenant.

Some Builders Like New Mortgage Rules, But Toll Calls Them “Dumb”

Some home builders are heralding federal regulators’ move this week to ease mortgage-qualification standards as a key to reviving the entry-level market but at least one is panning it as a return to dangerous lending.

Author of The Liar’s Ball Talks About Life With Macklowe

The commercial real estate sector rarely is the subject of mass-marketed books. The few exceptions over the years have included Tom Wolfe’s novel “A Man in Full” and Charles Bagli’s book on Stuyvesant Town debacle. Now a new book that...Show More Summary

PwC Forecasts Higher Interest Rates, Strong Industrial Market in 2015

PricewaterhouseCoopers LLP has come out with the 36th edition of its Emerging Trends in Real Estate report, which is based on surveys and interviews of hundreds of real estate professionals. Here are a few highlights of the report, which was co-published by the Urban Land Institute:

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