The Wall Street Journal Commercial Real Estate
October 29, 2008 -- 9:30 a.m. EDT
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Many lenders will endure unanticipated struggles in coming years as the souring economy pushes commercial real-estate projects into default on loans.
http://online.wsj.com/article/SB122523416020977787.html?mod=djemRealEstate_Commercial
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Trump's tallest construction project, a 92-story Chicago skyscraper, is facing challenges as loans come due.
http://online.wsj.com/article/SB122523704293478077.html?mod=djemRealEstate_Commercial
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GM wants to unlock its equity in the five Renaissance Center towers it owns in Detroit.
http://online.wsj.com/article/SB122523360218877781.html?mod=djemRealEstate_Commercial
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SL Green Realty began the separation process from its ailing commercial-property-finance spinoff, in another sign of the increasingly grim outlook for the group of lenders in that specialized area.
http://online.wsj.com/article/SB122523380373177801.html?mod=djemRealEstate_Commercial
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The two board members who took top executive posts at General Growth this week will likely inspire confidence from lenders, say analysts.
http://online.wsj.com/article/SB122523855916178213.html?mod=djemRealEstate_Commercial
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Grand Investment faces a construction-financing deadline on its multibillion-dollar downtown Los Angeles project, but the New York developer has won a confidence boost in the form of fresh equity from South Korea.
http://online.wsj.com/article/SB122523261946177761.html?mod=djemRealEstate_Commercial
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As mall and shopping-center owners lose tenants in the souring economy, they are at least gaining something else: more advertising space.
http://online.wsj.com/article/SB122462773702456071.html?mod=djemRealEstate_Commercial
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Developer Jorge Pérez is scrambling to sell thousands of condos amid a market swoon. Yet he is also buying condos on the cheap, starting with units in his own building.
http://online.wsj.com/article/SB122462886870956193.html?mod=djemRealEstate_Commercial
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Gramercy Capital investors will focus on its ability to maintain credit lines from its lenders. A failure to do so could put the company's survival in doubt.
http://online.wsj.com/article/SB122462949043756279.html?mod=djemRealEstate_Commercial
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Lehman Brothers paid a European record $2.81 billion for the Coeur Defense office complex in Paris last year. A resale may fetch far less.
http://online.wsj.com/article/SB122461311765154939.html?mod=djemRealEstate_Commercial
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Grosvenor, a U.K. real-estate development and investment firm, launched a $600 million fund that will invest in China's shopping malls.
http://online.wsj.com/article/SB122461349134554987.html?mod=djemRealEstate_Commercial
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Strip-mall owner Agree Realty said it rejected a $328.7 million buyout offer from Compson Holding, calling the offer "inadequate."
http://online.wsj.com/article/SB122464021173257351.html?mod=djemRealEstate_Commercial
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Developers Diversified Realty intends to sell stakes in several of its retail properties to institutional investors in a bid to raise capital to pay down debt.
http://online.wsj.com/article/SB122455345211352865.html?mod=djemRealEstate_Commercial
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Tougher travel restrictions and the credit crisis are posing a serious threat to Macau's status as the gambling industry's biggest growth engine.
http://online.wsj.com/article/SB122448515009049599.html?mod=djemRealEstate_Commercial
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Centerline Holding may not be able to meet its near-term debt obligations, Moody's warned Friday while cutting the company's credit rating deeper into the junk territory.
http://online.wsj.com/article/SB122446626905449105.html?mod=djemRealEstate_Commercial
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General Growth Properties is looking to sell $1.5 billion to $2 billion in preferred shares as it races to refinance or pay off billions of dollars in debt due in the coming months.
http://online.wsj.com/article/SB122446611373749101.html?mod=djemRealEstate_Commercial
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The next shoe? After years of plunging residential property valuations, commercial real estate too is in the danger zone, as office vacancy rises, stores close and hotel bookings fall.
http://online.wsj.com/article/SB122418159118041335.html?mod=djemRealEstate_Commercial
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The higher cost of debt combined with falling property values could see forced sales of office and retail properties across Europe as their owners struggle to refinance acquisitions made at the top of the market.
http://online.wsj.com/article/SB122446656479649033.html?mod=djemRealEstate_Commercial
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As signs emerge that travelers are feeling squeezed by the global credit crisis, China appears to be a bright spot.
http://online.wsj.com/article/SB122417825608241207.html?mod=djemRealEstate_Commercial
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Stocks of mall owners slid by 14% as the sharp drop in retail sales stoked fears of higher vacancy rates and declining rental rates for landlords.
http://online.wsj.com/article/SB122411831070038945.html?mod=djemRealEstate_Commercial
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