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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.


 

 

Hotels Sue L.A. Over Minimum-Wage LawOpen in a New Window

Two national hotel-industry groups are suing Los Angeles, arguing a recent minimum-wage increase unfairly targets the hospitality business and that certain provisions interfere with federal labor law.

 

Boom in Bolivia Brings Concerns About a BustOpen in a New Window

Bolivia, one of Latin America’s poorest countries, is experiencing a spurt in economic growth that has ignited a boom in the real-estate sector.

 

Skyscraping Prices in ManhattanOpen in a New Window

The Manhattan condominium and co-op apartment market is setting numerous records in 2014 partly thanks to high sales of units costing more than $10 million, according to a new report.

 

Harlem's 125th Street Picks Up MomentumOpen in a New Window

Several retail, residential and commercial real-estate projects are giving new vibrancy to the commercial corridor of Harlem’s 125th Street.

 

Home-Builder Sentiment Diverges From RealityOpen in a New Window

Ahead of the Tape: Home builders are smiling like it is the 2005 boom. They are building like it is the 2008 bust.

 

Hot Source of Property Funds: Visa SeekersOpen in a New Window

Developers are raising hundreds of millions of dollars for U.S. building projects through the EB-5 visa program, which offers green cards to foreigners whose investments create U.S. jobs.

 

Cushman & Wakefield to Acquire Massey KnakalOpen in a New Window

Real-estate firm Cushman & Wakefield has agreed to pay about $100 million to acquire Massey Knakal, a boutique brokerage.

 

Canadian Property Investors Tap LondonOpen in a New Window

Investors from Canada and the U.S. pumped $39 billion into U.K. real estate in the past 24 months.

 

London Sells New Scotland Yard to Abu Dhabi BuyerOpen in a New Window

London’s city hall has sold the capital’s famous police headquarters, known as New Scotland Yard, to the Abu Dhabi Financial Group for £370 million ($580 million) as part of a drive to reduce public-sector costs.

 

Habitat for Humanity Retools Game PlanOpen in a New Window

Facing rising land prices, the charity, which provides homes for low-income families, is placing more emphasis on buying and renovating existing homes in the U.S.

 

Gloucester Fights Over Its IdentityOpen in a New Window

A planned waterfront hotel has been the focus of an acrimonious debate between residents who want to expand the city’s tourism sector and others who want to preserve its fishing and seafood industry.

 

Hudson Pacific Dives Into New MarketOpen in a New Window

The real-estate firm is purchasing a $3.5 billion portfolio of northern California office properties owned by Blackstone Group LP.

 

Fannie, Freddie and FHFA Detail Low Down-Payment Mortgage ProgramsOpen in a New Window

Fannie Mae, Freddie Mac and their regulator provided details Monday for a low down-payment mortgage program, which could open homeownership to thousands of cash-strapped borrowers.

 

Manhattan Skyscraper Deal Is Latest for China InvestorsOpen in a New Window

Bank of China has agreed to pay nearly $600 million for 7 Bryant Park, a 28-story building being constructed on Sixth Avenue and 40th Street, according to people familiar with the matter.

 

Bank of China to Buy Manhattan Tower for Nearly $600 MillionOpen in a New Window

The Bank of China has reached a deal to buy a Manhattan office tower for nearly $600 million, according to multiple people familiar with the agreement, marking the latest display of Chinese investment in trophy U.S. properties.

 

Trial of Hong Kong Billionaire Brothers Headed for JuryOpen in a New Window

The bribery trial of the Kwok brothers, Hong Kong billionaires, and the city’s former No. 2 official will soon go to the jury.

 

ClubCorp Won't Convert to REITOpen in a New Window

ClubCorp, the largest owner of private golf and country clubs in the U.S., said won’t convert into a real-estate investment trust.

 

China Developer's New Theme: ParksOpen in a New Window

Across China, Dalian Wanda is setting up more than a dozen amusement parks, and it is building space rides and flight simulators to attract tourists. Its recipe for how to beat the foreign brands at their game: target lower-profile cities like this central manufacturing hub.

 

Two Chinese Firms Nearing Big IPOsOpen in a New Window

Dalian Wanda Commercial Properties, the real-estate arm of Wanda Group, and BAIC Motor, a Chinese car maker partly owned by Daimler AG, are seeking to raise a combined $5.4 billion in IPOs in Hong Kong this month.

 

City to Sell Public-Housing Stake to DevelopersOpen in a New Window

New York City’s financially strapped public-housing authority will get hundreds of millions of dollars by selling a 50% stake in nearly 900 apartments to private developers.

 

Newmark Grubb Knight Frank Gets Sales BoostOpen in a New Window

Newmark’s parent company is acquiring Apartment Realty Advisors, one of the largest brokers of apartment buildings in the U.S., for about $110 million.

 

Songbird: New Qatar Offer 'Undervalues' CompanyOpen in a New Window

Songbird Estates, the owner of London’s Canary Wharf business district, has rejected a sweetened $4.08 billion takeover offer its Qatar-backed suitors, saying it doesn’t reflect the full value of the company.

 

Blackstone to Sell California Buildings for $3.5 BillionOpen in a New Window

Blackstone agreed to sell its northern California portfolio of 26 office buildings for $3.5 billion to a Los Angeles-based real-estate investment trust, its largest office sale in seven years.

 

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

A roundup of commercial property news from across the tri-state region.

 

Activist Explores a New Frontier: PropertyOpen in a New Window

Jonathan Litt is a rare activist investor targeting real-estate investment trusts. His small hedge fund has had outsize influence in a business known for being clubby and insular.

 

Panama Building Boom Leaves GlutOpen in a New Window

Panama, which became a magnet for foreign investors in recent years, has found a downside to its surging economy: It has built too many offices and hotels.

 

Las Vegas 'Player' Gets Bounced From CasinoOpen in a New Window

Stockbridge Capital Partners said Sam Nazarian no longer would be involved in the management of the new SLS Las Vegas hotel and casino that Stockbridge controls.

 

Elevators Set to Take New DirectionOpen in a New Window

ThyssenKrupp is working on a cable-free elevator that would allow multiple cars to run in the same shaft, and to run sideways and diagonally as well as up and down.

 

Miami Condo Project Looks to Lure Chinese BuyersOpen in a New Window

Miami has been a magnet for wealthy South American home buyers for years. Now, developers are setting their sights set on buyers from China.
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