WSJ.com: Real Estate
-
General Growth in Mortgage Pact
General Growth Properties said it reached a deal to restructure $9 billion in mortgages on 77 malls in hopes of removing them from bankruptcy protection by the end of the year.
Commercial Property Remains Under Distress
Distressed sales of commercial property continued to rise around the world in the third quarter of the year.
Morgan Unloads Crescent
Morgan Stanley closed the book on its disastrous $6.5 billion acquisition of Crescent Real Estate Equities by handing the keys to lender Barclays.
New York Landmark Burns Its Investors
The U.S. real estate arm of Africa Israel Investments has tentatively agreed with creditors to restructure its disastrous acquisition of the former New York Times headquarters in a deal that will wipe out $400 million in debt.
Starwood to Relocate Its Headquarters to Connecticut
Starwood will move its corporate headquarters to Stamford, Conn., from New York's Westchester County, after receiving state government incentives worth as much as $89.5 million.
