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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.


 

 

World Trade Center Station's Troubles Take Toll on ArchitectOpen in a New Window

The PATH station at the World Trade Center was planned to be a jewel of the 16-acre development site, but cost overruns have made a scapegoat out of Spanish-born architect Santiago Calatrava.

 

One Property Firm Doubles Down in BrazilOpen in a New Window

New York-based GTIS is now the largest hotel owner in Brazil, following a $400 million takeover of Brazil Hospitality Group. The U.S. investor plans to upgrade properties and expand the hotel operator’s reach.

 

CIM, Partner Agree to Sell 11 Madison Ave. for $2.6 BillionOpen in a New Window

CIM is cashing in with a deal this week to sell a 29-story office tower in Manhattan for $2.6 billion, the second-highest sale price ever for a U.S. office building.

 

New York Regulator Seeks Faster ForeclosuresOpen in a New Window

Financial Services Superintendent Benjamin Lawsky’s proposal, aimed at tackling one the country’s worst foreclosure backlogs, would include streamlining the process for abandoned or vacant properties.

 

Economies of SaleOpen in a New Window

Existing-home sales in the U.S. this year are expected to hit levels not seen since 2006.

 

A Resnick Scion Strikes Out on His OwnOpen in a New Window

With a new Chelsea condominium that’s 80% sold, Scott Resnick shows he’s up to the challenge of developing residential projects on his own.

 

Toys R Us Says It Will Close FAO Schwarz Store in JulyOpen in a New Window

oys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City’s pricey Fifth Avenue.

 

Manhattan Apartment Rents Rise ModestlyOpen in a New Window

With the start of the high-demand season, average rents were up a year-over-year 1.2% in April. But rents for coveted one-bedroom units were up 7%.

 

Six Senses Reaches Deal for First Property in Central AmericaOpen in a New Window

Six Senses Hotels Resorts Spas, a hospitality company known for its plush luxury resorts in Asia, has reached a deal with a Miami-based real-estate investor for its first property in Central America.

 

SL Green Nears $2.6 Billion Purchase of 11 Madison Ave.Open in a New Window

Landlord SL Green Realty Corp. is near a deal to buy the Manhattan office tower at 11 Madison Ave. for about $2.6 billion, in what would be the second-highest price ever paid for a U.S. office building.

 

In New Offices, Stairs Have More Than a Walk-On RoleOpen in a New Window

Designed well, they encourage openness and collaboration.

 

Air Gets Thin in Luxury Condo MarketOpen in a New Window

It’s getting crowded at the top of Manhattan’s apartment market. Builders are plowing ahead with scores of condominiums priced above $20 million in skinny glass towers throughout Manhattan, sparking fears of a supply glut.

 

Ian Schrager Targets Luxury HotelsOpen in a New Window

Boutique hotel pioneer Ian Schrager is taking aim at the market’s luxury end with his latest Edition hotel in New York, which aims to combine creative detail with top room rates.

 

Raising the Warehouse RoofOpen in a New Window

Prologis and other firms are going bigger in building to tap into the e-commerce boom, which is changing the way industrial properties like warehouses and fulfillment centers are built.

 

TPG-Backed DTZ to Acquire Cushman & WakefieldOpen in a New Window

DTZ, a rapidly growing commercial real-estate services firm backed by private equity giant TPG, has cut a deal to buy Cushman Wakefield for $2 billion.

 

Queens Development Gets Local PushbackOpen in a New Window

Community pressure prompts developer Edgestone to scale back a residential project in Whitestone.

 

Property Investors Hunt for Bargains in BrazilOpen in a New Window

Some big global real-estate investors are hunting for bargains in Brazil, even as political upheaval and economic decline send others to the sidelines.

 

Evolving Hotel Market Poses Challenge for HostOpen in a New Window

Investors are checking out of Host Hotels & Resorts Inc.

 

Instagram Acquires a Place in Commercial Real EstateOpen in a New Window

Big New York firms say the social-media tool helps them with branding.

 

New York's 'Helmsley Building' Sells to RXROpen in a New Window

RXR closes on the purchase of the so-called Helmsley Building, which is just north of New York’s Grand Central Terminal and known to many because Park Avenue foot and vehicle traffic run through it.

 

Financial Giants Set Up Tech Hubs in ManhattanOpen in a New Window

Several big-name financial services firms are opting to set up tech divisions in prime Manhattan real-estate markets outside of their headquarters because many increasingly see themselves more as technology companies.

 

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

A roundup of real-estate news in greater New York.

 

In Real-Estate Tech Firms, Europe Plays Catchup With U.S.Open in a New Window

Technology services are catching investors’ eyes in Europe’s real-estate market, but they will have to outmuscle U.S. companies to succeed.

 

Debt Fuels Australia Property BoomOpen in a New Window

As house prices in Australia head ever higher, concern is growing about the amount of debt families are taking on.

 

China's Fosun to Develop Luxury Property in New YorkOpen in a New Window

Fosun is planning to develop its second real estate foray in New York as it ramps up expansion.

 

Walker & Dunlop Has Big Expansion Plans for EnglerOpen in a New Window

Engler Financial real-estate firm that specializes in selling apartment buildings in the Southeast, is about to go on a growth spurt in the wake of its acquisition this month by Walker & Dunlop.

 

Federal Mortgage Agency: More Needed to Police Nonbank LendersOpen in a New Window

A government mortgage agency says it needs more resources to police the growing ranks of companies rushing to fill the void left by big banks that have stepped away from the market for riskier home loans.

 

TIAA-CREF Purchases Remaining Stake in TIAA HendersonOpen in a New Window

Financial-services giant TIAA-CREF is buying the 40% stake in asset manager TIAA Henderson Real Estate it doesn’t already own for 80 million pounds ($122.6 million) as part of its broader move into managing money for sovereign wealth funds, pension funds and other institutions.

 

The Four Seasons Restaurant Becomes a BattlegroundOpen in a New Window

The owner and preservationists fight over renovations proposed for New York landmark.

 

Below the Surface Lies RetailOpen in a New Window

Construction should start in about a month on a $14.5 million retail concourse named Turnstyle, two underground blocks on the corridor leading to the 59th Street-Columbus Circle subway station.

 

In Real Estate, Branded Content Is NewsOpen in a New Window

Big-name real estate services firms are joining the rush of businesses into new types of marketing that blur the lines between journalism and branding.

 

Property Dynasties Team Up to Fund Miami ProjectOpen in a New Window

Two prominent families are digging into their pockets to finance the initial stages of a $4 billion project in North Miami. Lenders these days are remaining picky when it comes to backing land acquisition and improvement, the riskiest part of development.

 

New Luxury Projects Add to Rent SqueezeOpen in a New Window

A shift in focus by developers from moderately priced to luxury apartments in markets across the U.S. partly explains why apartment rents are climbing at a rapid pace.
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