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PLTA is proud to offer The Wall Street Journal Commercial Real Estate News Feed for visitors


The Wall Street Journal is one of the world's most trusted publishers of accurate financial news and business information in all media formats, including newspapers, newswires, databases and websites,  radio, TV/video and other multimedia programming. Dow Jones enriches the lives of millions worldwide as well as informs the decisions of corporate executives and professionals.


 

 

Forced Sellers Could Get More in FloridaOpen in a New Window

Florida lawmakers are considering closing a legal loophole that allowed real-estate investors to force some condominium owners to sell their units for less than they paid for them.

 

Bahamas Resort's Delay Hurts China's Construction PlansOpen in a New Window

The opening of a $3.5 billion Bahamas resort was delayed again as a state-owned Chinese construction company and the local developer feuded over who is to blame for mismanaging the project.

 

Companies Split Off Real-Estate AssetsOpen in a New Window

Rising real-estate values are driving more retail companies to consider splitting off their real-estate assets to generate cash.

 

New York's Latest Medical Facilities May Simplify Seeing the DoctorOpen in a New Window

New projects aim to put more of the specialists patients need to see under one roof.

 

When It Makes Sense to Outsource LeasingOpen in a New Window

In New York, RFR’s hiring of JLL shows the tradeoff between market reach and commissions.

 

Montana Rules Tim Blixseth Owes $56 MillionOpen in a New Window

A Montana tax board said real-estate developer Tim Blixseth, embattled founder of the ultra-luxurious Yellowstone Club ski and golf resort, owed the state $56 million in back taxes.

 

China Firms on Hunt for Trophy AssetsOpen in a New Window

A thirst for natural resources among Chinese companies is being replaced by a rising hunger among businesses and wealthy individuals to acquire trophy assets and find homes for their cash overseas.

 

What's the Deal: News DigestOpen in a New Window

A roundup of real-estate news in the Greater New York area

 

Generali Real Estate Planning Asian PushOpen in a New Window

The real estate arm of Italian insurer Assicurazioni Generali is planning a big push into Asia as part of a group-wide expansion away from its European roots.

 

Experts: Murder Case Spares the Durst NameOpen in a New Window

The case against Robert Durst wasn’t expected to affect the future of one of New York’s most influential private real-estate businesses, said marketing consultants and real-estate experts.

 

MetLife to Unify at Namesake TowerOpen in a New Window

Insurer MetLife is going home, consolidating its four New York City operations at the tower above Grand Central Terminal.

 

Loews Hotels Seeks Growth for LessOpen in a New Window

Loews Hotels & Resorts plans to reduce its exposure to real estate by seeking partners on deals, rather than owning properties outright, the new chief executive said in an interview.

 

Macerich Rejects Rival's $16 Billion BidOpen in a New Window

Macerich rejected the takeover proposal from Simon Property, saying the unsolicited $16 billion bid substantially undervalues the mall owner.

 

After Plexiglas Falls, City Halts One57 Glass WorkOpen in a New Window

A piece of Plexiglas fell from the 22nd floor of One57 over the weekend, prompting the city to stop all glass work at the soaring Midtown tower until its developer and builder can show they can safely resume installations.

 

How Brokers Solved a Brooklyn Property PuzzleOpen in a New Window

Williamsburg sale involves multiple lots spread over two blocks.

 

German Banking Association Bails Out Real-Estate LenderOpen in a New Window

Germany’s private banking association has jumped in to save a real-estate lender from collapse, in the latest sign of how Austria’s decision to halt debt repayments from Heta is reverberating through Europe.

 

Blackstone Strikes Deal on Chicago TowerOpen in a New Window

Blackstone has struck a deal to purchase the Willis Tower in Chicago for $1.3 billion in what would be the highest price ever paid for a U.S. office tower outside of New York, according to executives of the private-equity firm.

 

A Landmark Office Tower ReimaginedOpen in a New Window

The new owner of the former One Chase Manhattan Plaza sees panes of glass, not walls of black granite, below the elevated plaza at the office tower. It also envisions more space for retail shops and a plaza.

 

Move Over, Mall of America: Bigger Extravaganza Planned in MiamiOpen in a New Window

Many shopping-mall operators are shying away from new construction. Not a Canadian firm, which aims to build not only a new mall, but the biggest mall in the U.S.

 

Apple Gets Sweet Deals From MallsOpen in a New Window

Apple’s gravitational pull on mall traffic is distorting the market for mall rents, winning the iPhone maker sweetheart deals.

 

Hawaii Mall Draws Hefty Price, Australian InvestorOpen in a New Window

Sunny skies and hula dancers aren’t the only things attracting foreigners to Hawaii. Add this to the list: one of the most valuable shopping centers in the country.

 

Falling Euro Lifts Firms' Hotel BetsOpen in a New Window

The biggest U.S. hotel companies began pushing into Europe during the downturn in the wake of the financial crisis. Now that the euro is plunging against the dollar, those plans are looking fortuitous.

 

Real-Estate Investors Sing Praises of ECB's Bond BuysOpen in a New Window

The real-estate executives gathered on the French Riviera this week had reason to celebrate even before they arrived: the start of the European Central Bank’s bond-buying program.

 

Simon Bids for Macerich, and Rich ShoppersOpen in a New Window

Simon Property’s unsolicited $16 billion bid for shopping-mall rival Macerich is an effort to gain scale amid an oversupply of retail space and changing habits of U.S. shoppers.

 

Reviving the South Bronx WaterfrontOpen in a New Window

Somerset Partners and the Chetrit Group have bought about 5 acres along an industrial stretch of the Harlem River in the South Bronx’s Mott Haven neighborhood and are looking for more.

 

Gaming & Leisure Bids for Pinnacle Real-Estate AssetsOpen in a New Window

The real-estate spinoff of casino operator Penn National Gaming made public its bid to buy the real-estate assets of Pinnacle Entertainment, four months after Pinnacle said it would also seek REIT status.

 

What's the Deal: News DigestOpen in a New Window

A roundup of real-estate news in the Greater New York area.

 

Silicon Valley's Land RushOpen in a New Window

Some of Silicon Valley’s biggest companies are on a real-estate buying binge, paying premium prices to make sure they have enough space for future expansion.

 

Superrich Hunt for Trophies in London Property MarketOpen in a New Window

The global superrich are making the purchase of trophy commercial properties in London much more competitive.

 

Low-Budget Motel 6 Gets In on Lodging BoomOpen in a New Window

Record sales prices for luxury properties and an explosion of lifestyle brands have marked the recent hotel boom. But low-budget Motel 6 is enjoying some of the industry’s strongest growth.

 

CBRE in Talks to Buy Johnson Controls UnitOpen in a New Window

CBRE Group., the world’s largest commercial real-estate services company, is negotiating to buy the division of Johnson Controls Inc. that manages 1.8 billion square feet of corporate real estate globally.

 

Dolce & Gabbana Signs SoHo LeaseOpen in a New Window

Italian luxury retailer Dolce & Gabbana has signed a lease for a three-story building in Manhattan’s SoHo neighborhood, the property owner said on Tuesday.

 

Venture Plans New Office Space for Downtown BrooklynOpen in a New Window

Quinlan, Building & Land will convert a self-storage facility on Flatbush Avenue.

 

L.A. Developer Offers to Buy Former Revel Casino HotelOpen in a New Window

A Los Angeles developer involved in numerous projects there has made an 11th-hour bid to buy Atlantic City’s former Revel Casino Hotel.

 

Investors Bet on London Commuter LineOpen in a New Window

The dowdy, down-on-its heels end of London’s otherwise tony Oxford Street could soon get a new lease on life with the arrival of a commuter rail line.

 

Bank of China Seizes Control of London's Grosvenor HouseOpen in a New Window

The Bank of China has seized control of London’s Grosvenor House from its Indian owner and appointed an administrator to begin marketing the property for sale.

 

Australia Orders Chinese Firm to Sell Sydney MansionOpen in a New Window

Australia ordered the sale of a Sydney mansion it alleges was illegally bought by Chinese investors last year, opening a new front-line in its battle to curb a flow of foreign money contributing to rising home prices.

 

Geffen Checks Out in CaliforniaOpen in a New Window

Hollywood studio mogul David Geffen has sold the Malibu Beach Inn at a price of about $1.7 million per room, the highest valuation by this measure for any California hotel.

 

China Tries to Help Property Firms Get Back in the BlackOpen in a New Window

Several property developers recently have received loans or investments from state-owned firms. But is the government making a good bet by investing in them amid a slump, or is it trying to keep the companies afloat?

 

Property Investors' Horror: Zombie REITsOpen in a New Window

There are a record 41 so-called zombie REITs that can’t sell shares to raise money for growth and are having trouble liquidating assets to return shareholder capital.

 

Chinese Developer Finds Rough Road in Motor CityOpen in a New Window

China has invested more than $40.8 billion in real estate institutional deals across the world over the past seven years. But in a number of places, including Detroit, its investors are running into snags.
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