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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:3002
Posts / Week:9.8
Archived Since:December 12, 2008

Blog Post Archive

Fairholme Fund Slumps Following Setback in Fannie and Freddie Bet

A prominent mutual-fund manager and his investors just had a very bad day. Bruce Berkowitz’s Fairholme Fund on Wednesday sank 9.6%, the day after a court delivered a major setback in his bid to garner profits from mortgage-finance companies Fannie Mae and Freddie Mac.

Los Angeles to Architects: Bring On the Spires

Los Angeles officials earlier this week announced an initiative to relax the city’s requirement that tall towers have helicopter landing pads. The result: architects can now design high-rises crowned by spiky spires—or other shapes—giving them license for a bit more design flair.

In GM Building, Weil Gotshal Hops on the Downsizing Bandwagon

New York law firm Weil, Gotshal & Manges LLP has been a tenant at the iconic General Motors Building since it opened in 1968 at the southeast corner of Central Park. Now Weil, whose marquee bankruptcy practice also advised the automaker...Show More Summary

Hotel HQ: Top Starwood Execs Decamping to India for a Month

Starwood Hotels & Resorts Worldwide Inc. is temporarily relocating to the bustling metropolises of Mumbai and New Delhi during March.

Blackstone Skyscraper Sale Opens Door for Oxford In Boston

Oxford-- in a partnership with the asset management arm of J.P. Morgan Chase & Co. – bought four office towers totaling 2.2 million square feet in the city from Blackstone Group LP, the company announced Friday.

Saks Deal Is A Sign of New Luxury Era in Downtown Manhattan

Luxury retail is beginning to boom in Downtown Manhattan. The announcement Wednesday that a Saks Fifth Avenue department store will open in Brookfield Place is the latest sign that shopping in the city’s financial district is going upscale. Show More Summary

Tensions Ease in Nashville Between Zillow and Home Listing Service

Zillow Inc. and an association of brokers in the Nashville, Tennessee area have tentatively resolved their dustup over online home sale listings in the region. The tension in Nashville boiled over earlier this month when the regional...Show More Summary

Price Tag on TPG-Cassidy Turley Deal Said to Be $500 Million to $600 Million

There was no price tag in Monday’s announcement by commercial real estate services firm Cassidy Turley that it had agreed to be purchased by a group including private equity giant TPG. But people familiar with the deal say it valued the Washington, D.C.-based firm at between $500 million to $600 million including under $75 million in debt. Show More Summary

Scourge of FEMA Trailers Wins MacArthur ‘Genius’ Grant

John Henneberger, a housing advocate from Austin, Texas, could be thought of as the FEMA trailer slayer. And for his efforts, he was named Wednesday a recipient of the prestigious MacArthur Fellowship

World Trade Center Lures New Tenant

Developer Larry Silverstein announced Thursday that financial research firm Morningstar Inc. has signed a lease for 30,000 square feet at 4 World Trade Center, the austere, glassy 2.3 million square foot office tower on the southeast corner of the site.

Avison Young Acquires Kwartler

Avison Young, the fast growing Canadian commercial real estate services company, has made another acquisition in the New York City region: Kwartler Associates, a New Jersey-based property management firm.

Amid Sluggish Office Market, Landlord Bets Midtown Will Regain Its Stride

Amid sluggish leasing in Midtown, SL Green Realty is making a bet that the neighborhood is on the rise.

Reader’s Choice: The Best Food Cities

In this week's Mansion cover story, we looked at how food enthusiasts look to move to cities and neighborhoods with a colorful food scene. We asked reader's to name their favorite food cities and explain why. Here's what they said.....

Developers Ponder Hotel in Defunct TWA Terminal After Balazs’ Exit

Nearly a year after hotelier Andre Balazs dropped plans to transform the landmark TWA terminal at Kennedy Airport into a boutique hotel, a new batch of candidates are pondering a bid.

Cleaning up Lehman: Failed Bank Selling More California Land

Lehman Brothers is listing for sale the Pacifica San Juan project in San Juan Capistrano, Calif., a 318-lot subdivision that is one of the last large undeveloped tracts in Orange County.

Stein Mart Expanding As Thrifty Retailers Thrive

Stein Mart Inc., a bargain-priced fashion, accessories and home décor retailer, announced its biggest expansion in nearly a decade.

Vornado Chief Plans ‘Seven-Star Hotel’ By Central Park

Vornado chief executive Steven Roth said Tuesday the site of the now-closed Rizzoli Bookstore is “going to be a seven-star hotel.”

Uber Strikes Deal to Build New Headquarters in Large Expansion

Uber’s appetite for rapid growth is extending to real estate with a deal to build a new headquarters in San Francisco

Report Finds Non-Traded REITs Trail Publicly Listed Peers

A report found that the average annualized returns for a nontraded REIT were 10.9% for the 34 companies examined, compared to 14.5% for listed REITs

Toll Brothers Sees Lofty Prices Turning Off Buyers

Toll Brothers Inc.'s shortfall in new orders for its fiscal third quarter underscores a challenge now facing the U.S. home-building industry: Aggressive price increases in the past two years have hobbled demand at a time when builders...Show More Summary

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