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Links CoStar Group -  Commerical Real Estate News Blog -  Wall Street Journal  -  Biz Journal Commercial Real Estate News -  GlobeSt -  Business Week Commercial Real Estate News -  C Loans -  Commercial Property News -  National Real Estate Investor -  Headlines  WSJ.com: Commercial Real Estate  New Resorts Owners Roll Dice Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues. more >> Citigroup Gets Burned in the Caribbean The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years. more >> Corio's Turkish Strategy Stumbles The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions. more >> Help for Hyatt Isn't Enough A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain. more >> Kerry Buys Luxury Hong Kong Site Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction. more >> Simon Closes Purchase of Prime Outlets Simon Property Group said that it closed on its acquisition of Prime Outlets, which had come under FTC scrutiny for possible antitrust concerns. more >> On Horizon, New Manhattan Skyline The approval of an office tower near the Empire State Building is a reminder that New York is poised for a wave of new skyscrapers -- if the economy cooperates. more >> Singapore to Damp Property Market Singapore announced measures to cool off the property market as the island state's rapid economic recovery fuels prices. more >> Toll Is Back in the Black Shares of luxury builder Toll Brothers climbed following a surprise fiscal third-quarter profit, its first in nearly three years, as revenue fell far less than analysts expected. more >> Henderson Land's Underlying Profit Falls Henderson Land Development's underlying first-half net profit fell 37% due to losses stemming from the cancellation of some property sales. more >> Omni Snares Bankrupt Amelia Island Resort on Florida Coast Omni Hotels & Resorts plans to expand the Amelia Island Plantation by more than 100 rooms after prevailing in an auction this week to buy the bankrupt oceanfront resort in northeast Florida. more >> Commercial Property Owners Choose to Default Like homeowners walking away from mortgaged houses, some large commercial property owners are defaulting on debts and surrendering to lenders buildings worth less than their loans. more >> Houston Sees Market Go Wobbly The aviation and energy industries boosted Houston during the downturn, but the events of the last six months have injected a new uncertainty into the city's economy—and, by extension, the office market. more >> Developers Circling Berlin Airport Two years ahead of the opening of the Berlin Brandenburg International Airport, investors are beginning to build in anticipation of demand by companies eager to be close to Berlin's new travel hub. more >> Capital Freeze Thaws for Real-Estate Funds Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash. more >>  WSJ.com: US Business  Obama to Push Tax Break Obama will propose that companies be allowed to write off 100% of their new investment in plants and equipment through 2011, a plan that White House economists say would cut business taxes by nearly $200 billion. more >> HSBC Chairman to Step Down HSBC's Chairman Stephen Green will step down to become U.K. Trade Minister, with no immediate plan to name a permanent replacement for him at the bank, according to people familiar with the matter. more >> Mark Hurd Hired by H-P Rival Oracle Mark Hurd was named co-president of Oracle, heightening the rivalry between the software company and Hewlett-Packard, the technology giant he ran until departing amid a scandal last month. more >> Bankruptcy Court Is Traders' Battleground Traders in the beaten-down bonds and loans of troubled companies have turned bankruptcy court, which was created as a place for ailing firms to heal, into a venue for large investors to apply their sophisticated techniques in quest of profits. more >> Oil Tycoon: PWC Caved to Kremlin Defense lawyers for jailed Russian tycoon Mikhail Khodorkovsky are turning their legal guns on one of their client's former allies: auditor PricewaterhouseCoopers. more >> Kia Motors Executive Replaced After Recalls Kia Motors said President Lee Hyoung-keun has been promoted to replace former vice chairman Chung Sung-eun who resigned on Friday after taking responsibility for several recalls. more >> MUFG Invests in Chinese Fund Mitsubishi UFJ Trust and Banking said it has signed an agreement with BNP Paribas to buy its stake in a mutual fund venture with Shenyin & Wanguo. more >> Barclays Taps Diamond as CEO Barclays elevated Robert E. Diamond Jr. to chief executive in a move that installs an American at the helm of the venerable British banking institution. more >> Inquiry Zeroes In on Google Deal Google's plan to buy travel-search software firm ITA raises two competition issues for U.S. regulators. more >> Wipro Sees "Moderate Impact" from U.S. Visa Fee Hike Wipro expects the higher U.S. visa costs to have a "moderate impact" on its operating margins in the current fiscal year, even as the software exporter looks to pass the increased cost on to clients. more >> Probe Finds New Meters Accurate An investigation spurred by a surge in energy-bill complaints found new smart meters installed in Northern California are accurately measuring energy use. more >> ABC News President to Depart ABC News President David Westin said that he would step down at the end of the year after more than 13 years on the job. more >> BOJ Stands Pat, Will Ease Further if Needed The Bank of Japan held its super-easy monetary policy steady but reaffirmed it will take action if a surge in the yen imperils Japan's fragile economy. more >> Bakrie Loss Widens Bakrie & Brothers' net loss widened to 302.78 billion rupiah ($33.6 million) in the first half, due to soaring interest charges. more >> Stress Tests Missed Debt at EU Lenders Europe's recent "stress tests" of the strength of major banks understated some lenders' holdings of potentially risky government debt, a Wall Street Journal analysis shows. more >> China Hints at Tighter Regulation on Gas Sector The fledgling city gas sector has been lightly regulated until recently, but that could change as more consumers switch from burning coal and oil to less-polluting natural gas. more >> Hon Hai Looks to China's Interior Hon Hai is investing in China's hinterland, as the electronics titan bets that the country can retain its role as the world's factory floor for decades. more >> Airgas Bid Raised By Suitor Air Products & Chemicals raised its cash offer for smaller rival Airgas to $65.50 a share, or $5.48 billion, in its hostile takeover bid. more >> Global Hiring Imbalance Companies in developing nations plan to sharply increase hiring in the fourth quarter, but in the U.S. and across Europe intentions are muted, according to a Manpower survey. more >> Ratings Firm Is Fined in Misstatement Case The ratings firm recently acquired by former corporate-security executive Jules Kroll has been fined for allegedly making misstatements to downplay a potential conflict of interest. more >> Craigslist Step Won't End Fight Craigslist's decision to shut down its "adult services" listings is unlikely to halt debate on websites' responsibility to filter user-created content. more >> Tyson CEO Counts Chickens, Hatches Plan Tyson Foods' Donnie Smith has helped steer the biggest U.S. meat company out of one of its worst periods ever. Now, the hard part looms. more >> Samsung Flags Record Investments Samsung is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new businesses. more >> GM Will Face Questions About Opel As GM gears up to pitch its IPO to investors this fall, one of the tougher tasks it faces is making the case that its Opel operations in Europe can be fixed. more >> Wireless Firm's Tower Deal Scrapped A deal to merge the telecom-tower assets of Reliance Infratel with telecom-infrastructure company GTL Infrastructure was scrapped, dealing a blow to the fund-raising and debt-reduction efforts of Reliance Communications. more >> Deals Offer Dell Multiple Paths to Goal After losing out to H-P last week in its bid to acquire storage maker 3PAR, Dell has other options as it looks to expand beyond its core personal-computer business. more >> Macquarie Warns of 25% Profit Drop Macquarie Group said it expects first-half net profit to fall around 25% this year as global market conditions remain weak. more >> Hyundai Bidding War Looms The sale of Hyundai Engineering will pit two former sister companies against each other. A deal could fetch $3 billion for the construction firm's creditors. more >> Reliance Steps Up Infrastructure Bet Indian conglomerate Reliance ADA Group plans to make an ambitious move into financing infrastructure projects in an effort to alleviate one of the main bottlenecks to improving India's creaky roads and electrical grid. more >> Challenges Cloud German Reactor Plan Germany's government and energy utilities ended months of wrangling and agreed to extend the life of the country's nuclear-power plants, but popular resistance and possible legal challenges cloud the fate of the deal. more >> UniCredit Looks to Central, Eastern Europe Italian bank UniCredit is increasing its focus on Central and Eastern Europe as the region's economies are now growing at a fast pace, CEO Alessandro Profumo said. more >>

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