Sat, 31 Jul 2010 01:00 EDT

TotalBank on Friday reported a second-quarter net loss of $1.8 million, compared with a first-quarter loss of $15.7 million and a loss of $136,000 in the second quarter of 2009. The Miami-based bank said its focus for the first half of this year has been boosting asset quality and fortifying capital, accomplished through a $50 million capital infusion in the first quarter and a $95 million reduction in nonperforming loans during the first half of the year.

Sat, 31 Jul 2010 01:00 EDT

A Las Vegas-based website is trying to make money off the latest airport security irritant, full-body scanners.<p/> The concept comes from burlesque: Pasties. For prices starting at $9.99, the modest can use the rubbery stick-ons to cover body parts they'd prefer to keep away from the prying eyes of security officers.

Sat, 31 Jul 2010 01:00 EDT

Two Florida banks were shut down by regulators Friday and sold to Centennial Bank of Conway, Arkansas.<p/> Bayside Savings Bank, of Port Saint Joe and Coastal Community Bank of Panama City Beach were closed by federal and state banking agencies, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC, in turn, sold them to Centennial Bank.

Sat, 31 Jul 2010 01:00 EDT

After months of negotiations with various buyers that failed to bear fruit, Walt Disney Co. finally agreed to sell its Miramax Films unit in a deal that severs the independent movie pioneer's 17-year association with the Burbank studio.

Sat, 31 Jul 2010 01:00 EDT

Broward and Miami-Dade counties have been added to the list of those eligible for federal disaster loans due to losses from the BP oil spill. Under the program, the Small Business Administration is offering working capital loans up to $2 million at 3 percent interest for nonprofit organizations and 4 percent for businesses with terms up to 30 years.

Sat, 31 Jul 2010 01:00 EDT

Carl Calhoun makes mattresses for a living, but lately he's been enduring more than his share of sleepless nights.<p/> As the president and CEO of the Body Rest Mattress in St. Petersburg, Calhoun and his wife, Emma, are struggling to keep their 28-year-old company from becoming another casualty of the Great Recession.

Fri, 30 Jul 2010 23:00 EDT

The Miami Heat easily sold out its season tickets after LeBron James announced he was joining the team. That turned out to be bad news for the ticket-sales staff, which the Heat fired Friday.<p/> The Miami Heat easily sold out its season tickets after LeBron James announced he was joining the team. That turned out to be bad news for the ticket-sales staff, which the Heat fired Friday.

Fri, 30 Jul 2010 01:00 EDT

Summertime and the living is easier -- at least in some Miami offices.<p/> Summer Fridays, the traditional long weekends in New York publishing houses, have trickled down to Miami in the past decade, especially in the advertising and public relations fields.

Fri, 30 Jul 2010 02:00 EDT

When the economy was booming, some of Miami's higher-end restaurants didn't see the benefit of Miami Spice's discount dining. Others participated but didn't readily promote the menu. They saw no need to cater to bargain-hunters.

Fri, 30 Jul 2010 01:00 EDT

With the Florida Keys struggling to provide quality healthcare, Fishermen's Hospital in Marathon hopes to find a new manager next month to revive its facility, which often has fewer than 10 patients.

Fri, 30 Jul 2010 01:00 EDT

The state attorney general is investigating two Florida companies over claims they offered free emergency response training for oil spill clean up work but then withheld students' training certificates unless they paid a large fee.

Fri, 30 Jul 2010 01:00 EDT

Winn-Dixie Stores announced that it will close 30 stores nationwide, including four in Broward County.<p/> The supermarket chain, which operates 514 stores nationwide, said the move was driven by the weak economy. On Tuesday, the company announced that it would eliminate 120 jobs in its corporate and field support staffs.

Fri, 30 Jul 2010 01:00 EDT

Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.

Fri, 30 Jul 2010 01:00 EDT

The Miami-Dade Consumer Services Department sued DIRECTV this week, accusing the company of using ads that mislead consumers about the cost of services and failing to properly disclose the terms of its contracts.

Fri, 30 Jul 2010 01:00 EDT

Citrix Systems reported a 12 percent jump in second-quarter earnings Wednesday, helped by a 17 percent rise in sales.<p/> The company's profit missed Wall Street expectations, but a stronger-than-expected forecast for this quarter and the full year helped boost Citrix shares in extended trading.

Sat, 31 Jul 2010 09:30 EDT

They're a minority, but a vocal one, and they're hovering like storm clouds over a brittle recovery.

Sat, 31 Jul 2010 09:30 EDT

The helicopter passes over the blue waters of the Gulf of Mexico - with surprisingly little oil visible on its surface - when out of the sea rises a skyscraper-like structure nearly 350 feet above the waves. The $600 million rig, nearly 100 miles off Louisiana's coast, has a hull larger than a football field and can drill more than 5 miles beneath the ocean floor.

Sat, 31 Jul 2010 07:20 EDT

Tropical Storm Bonnie left crews working to plug the Gulf oil gusher a little memento that is expected to push their work back about a day.

Sat, 31 Jul 2010 07:10 EDT

They were medieval warriors who spread Catholicism by the sword and seized Polish lands with great cruelty. But that's not stopping the Polish city of Kwidzyn from capitalizing on the aura surrounding the Teutonic Knights.

Sat, 31 Jul 2010 06:45 EDT

ICICI Bank, India's largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India's growing economy.

Sat, 31 Jul 2010 06:10 EDT

President Barack Obama is going after Senate Republicans who have stymied his proposal to create a $30 billion fund to help unfreeze lending for credit-starved small businesses.

Fri, 30 Jul 2010 23:40 EDT

Good morning, passengers, and welcome aboard. We're expecting clear skies today, but we're out of pilots.

Sat, 31 Jul 2010 01:00 EDT

TotalBank on Friday reported a second-quarter net loss of $1.8 million, compared with a first-quarter loss of $15.7 million and a loss of $136,000 in the second quarter of 2009. The Miami-based bank said its focus for the first half of this year has been boosting asset quality and fortifying capital, accomplished through a $50 million capital infusion in the first quarter and a $95 million reduction in nonperforming loans during the first half of the year.

Sat, 31 Jul 2010 01:00 EDT

After months of negotiations with various buyers that failed to bear fruit, Walt Disney Co. finally agreed to sell its Miramax Films unit in a deal that severs the independent movie pioneer's 17-year association with the Burbank studio.

Fri, 30 Jul 2010 21:15 EDT

Officials investigating the cause of a huge oil spill along a major river in southern Michigan say it will take months to clean up the mess, and damage to wetlands and wildlife may last considerably longer.

Thu, 29 Jul 2010 01:00 EDT

U.S. agricultural exports to Cuba fell 35 percent in the first five months of this year compared with the same period in 2009, largely because of the island's shortage of hard currency, according to a recent report.

Tue, 27 Jul 2010 08:27 EDT

Deutsche Bank, Germany's largest bank, said second-quarter profit rose 6.4 percent, beating analysts' estimates, as gains in retail and transaction banking helped offset a decline in sales and trading.

Mon, 26 Jul 2010 01:00 EDT

Elvita Francois proudly shows off a shiny new buffet counter at her tiny restaurant inside the Opa-locka Flea Market, where she serves Haitian and Latin specialties like goat, oxtail and congris.

Fri, 23 Jul 2010 22:17 EDT

In June, Venezuela issued an arrest warrant for the head of Globovisi&oacute;n, which reaches 2.5 million homes and is the nation's last openly critical TV station.

Fri, 23 Jul 2010 01:00 EDT

Buoyed by the addition of the world's largest cruise ship, Oasis of the Seas, Royal Caribbean Cruises, the world's second-largest cruise operator, has raised its full-year profit forecast.

Thu, 22 Jul 2010 12:57 EDT

Royal Caribbean Cruises, the world's second-largest cruise operator, raised its full-year profit forecast, boosted by cost controls and the addition of the biggest passenger ship.

Thu, 22 Jul 2010 07:42 EDT

Brazilian tourists are flocking to the Sunshine State, reflecting the economic boom in their South American nation, the strength of their currency, easier visa approvals and more flights to Florida.

Wed, 21 Jul 2010 07:57 EDT

Delta and United turned in their best quarter in years, but analysts aren't expecting similar fireworks when American Airlines parent AMR releases second-quarter results Wednesday.

Wed, 21 Jul 2010 01:00 EDT

Guillermo Zuloaga, the president of Venezuela's last opposition TV station, said the government's claim to own a minority stake in his company was ``absurd'' and built on flawed logic.

Fri, 16 Jul 2010 01:00 EDT

Colombian President-elect Juan Manuel Santos said Thursday that he hoped to repair his nation's tattered relationship with Venezuela and Ecuador -- even as the Colombian government threatened to open fresh wounds in the ongoing battle.

Thu, 15 Jul 2010 13:27 EDT

Boca Raton-based FriendFinder Networks, the owner of Penthouse magazine, said it will offer $210 million to acquire Playboy Enterprises, challenging a bid from Hugh Hefner to take the company private.

Fri, 30 Jul 2010 18:20 EDT

Google Inc. has spent $1.1 billion during the first half of the year buying up 22 companies, with more than half of the amount going toward its recently completed acquisition of mobile ad service AdMob.

Fri, 30 Jul 2010 16:35 EDT

Motorola Inc., the maker of cell phones and other telecommunications equipment, spent $880,000 in the first quarter to lobby the federal government on laws such as those that sought to discourage electronics manufacturers from using minerals from rebel-held mines in the Congo, according to a disclosure report.

Fri, 30 Jul 2010 16:10 EDT

Nokia Inc., the world's largest maker of cell phones, spent $150,000 in the second quarter to lobby the U.S. federal government on patents, the use of minerals from rebel-held mines in the Congo and other issues, according to a disclosure report.

Fri, 30 Jul 2010 16:05 EDT

Varian Semiconductor Equipment Associates Inc. said it returned to profit in the fiscal third quarter, reversing a year-ago loss, on strong revenue growth linked to recovering demand for computer chips.

Fri, 30 Jul 2010 15:00 EDT

Shares of technology marketer and distributor Ingram Micro Inc. rose Friday after its second-quarter results exceeded Wall Street expectations.

Fri, 30 Jul 2010 14:20 EDT

Digimarc Corp., which develops digital watermarking technology for images, reported a wider second-quarter loss on Friday as it booked development costs for joint venture investments with The Nielsen Co.

Fri, 30 Jul 2010 14:05 EDT

Shares of Quest Software Inc. got a boost Friday after the business software maker posted better-than-expected second-quarter results.

Fri, 30 Jul 2010 13:30 EDT

Guyana has pledged to spend $30 million in the next three years to buy 90,000 laptops and resell them at a discount to the poor.

Fri, 30 Jul 2010 09:51 EDT

The number of cell phones shipped worldwide rose 14.5 percent in the second quarter compared with a year earlier, with much of the growth coming from smaller challengers like the iPhone and BlackBerry, according to research firm IDC.

Fri, 30 Jul 2010 09:06 EDT

An FBI official said Friday a two-year-long multinational investigation led them to nab a 23-year-old Slovenian, who allegedly created a malicious software code that infected 12 million computers worldwide.

Fri, 30 Jul 2010 10:11 EDT

The Black Eyed Peas have more proof of the ubiquity of "I Gotta Feeling."

Thu, 29 Jul 2010 01:00 EDT

If you think airfares have been rising, it's not your imagination.<p/> Figures just released from the government, while a bit dated, show that airline prices in the first three months of this year rose nearly 5 percent from a year earlier. And that doesn't include baggage fees and other extras.

Wed, 07 Oct 2009 14:46 EDT

An apparent bottom in the Miami-Dade hotel market gave way in August, when tourist taxes plunged 20 percent -- making it the third worst month for the industry since the financial crisis began a year ago.<p/> An apparent bottom in the Miami-Dade hotel market gave way in August, when tourist taxes plunged 20 percent -- making it the third worst month for the industry since the financial crisis began a year ago.

Sat, 31 Jul 2010 01:00 EDT

The Miami Heat easily sold out its season tickets after LeBron James announced he was joining the team. That turned out to be bad news for the ticket-sales staff, which the Heat fired Friday.<p/> The Miami Heat easily sold out its season tickets after LeBron James announced he was joining the team. That turned out to be bad news for the ticket-sales staff, which the Heat fired Friday.

Sat, 31 Jul 2010 06:45 EDT

ICICI Bank, India's largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India's growing economy.

Sat, 31 Jul 2010 09:30 EDT

They're a minority, but a vocal one, and they're hovering like storm clouds over a brittle recovery.

Sat, 31 Jul 2010 07:10 EDT

They were medieval warriors who spread Catholicism by the sword and seized Polish lands with great cruelty. But that's not stopping the Polish city of Kwidzyn from capitalizing on the aura surrounding the Teutonic Knights.

Sat, 31 Jul 2010 07:20 EDT

Tropical Storm Bonnie left crews working to plug the Gulf oil gusher a little memento that is expected to push their work back about a day.

Sat, 31 Jul 2010 06:10 EDT

President Barack Obama is going after Senate Republicans who have stymied his proposal to create a $30 billion fund to help unfreeze lending for credit-starved small businesses.

Sat, 31 Jul 2010 01:00 EDT

Rolladen Inc. installed new hurricane shutters in our condo in May, June or July of 2008. In Nov. 2009, before leaving on a long trip, I decided to close them. That's when I noticed they had split open.

Sat, 31 Jul 2010 01:00 EDT

I have been experiencing a lot of problems with the SunPass payment system. I have an old account and a new account. I paid both with a money order in the same envelope. Somehow, the payment for the old account got lost.

Thu, 29 Jul 2010 13:00:00 GMT

Plans to return rail service to the Port of Miami are underway as RailAmerica seeks millions in federal grants.

Thu, 29 Jul 2010 13:00:00 GMT

Bollywood producer Prashant Shah, who's in the midst of shooting a film with the genre's pre-eminent star Shahrukh Khan, is relocating his production company, Bollywood Hollywood Productions, from New Jersey to Miami and is also considering shooting another film here.

Thu, 29 Jul 2010 13:00:00 GMT

County commissioners last week slammed the Beacon Council, the county's official economic development organization, saying it continually fails to report how it uses its portion of the county's local business tax revenues in some of the Miami-Dade's most destitute areas.

Thu, 29 Jul 2010 13:00:00 GMT

It's unclear whether the Hyatt Hotel and City of Miami are still in negotiations for the hotel tenant to take over the city-owned conference space within its downtown complex, as city and hotel officials are mum about the deal.

Thu, 29 Jul 2010 13:00:00 GMT

Downtown's Omni area is one step closer to getting its first major grocery store. A request to override two elements of the City of Miami's zoning code in designs for a Publix at 1776 Biscayne Blvd. was approved 8-1 last week by the city's Planning, Zoning and Appeals Board, said Luciana Gonzalez, assistant to the Planning Department director.

Thu, 29 Jul 2010 13:00:00 GMT

Students are flocking downtown to receive a higher education and are capitalizing on what the area has to offer.

Thu, 29 Jul 2010 13:00:00 GMT

A few years from now, the Omni area may be home to a hip, happening and very bright entertainment district if Miami commissioners approve zoning changes and an agreement today (7/29) allowing a 10-acre development that has gained recent fame for its two massive media towers.

Fri, 30 Jul 2010 06:23:45 GMT

In Chicago's largest commercial real estate transaction this year, KBS REIT II has acquired 300 N LaSalle St. for $655 million, or $503 per square foot, according to an SEC filing. KBS primarily financed the purchase with proceeds from a five-year...

Fri, 30 Jul 2010 04:41:03 GMT

Dividend Capital Total Realty Trust Inc., a Denver-based REIT, acquired a portfolio of 39 office and industrial properties for $1.3 billion from iStar Financial Inc. The portfolio is 99% occupied and consists of single-tenant corporate users. Neither...

Thu, 29 Jul 2010 02:33:48 GMT

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama last week, is a cornerstone of Congress and the Administration’s financial regulatory reform agenda, creating the most sweeping changes in U.S. financial...

Thu, 29 Jul 2010 02:01:03 GMT

Retailers, consumers and the general economy are clearly better off than they were a year ago -- and that’s translating into an increase in leasing acyivity and overall occupancy together with a deceleration in rent declines for retail property owners...

Wed, 28 Jul 2010 10:55:38 GMT

Steven J. Douglas, the former president of Brookfield Properties, was named executive vice president and chief financial officer/director of accounting and finance at General Growth Properties. He will head the firm’s finance operations as it emerges...

Wed, 28 Jul 2010 09:00:47 GMT

True Value Co. renewed 1.19 million square feet of warehouse space for 10 years in Harvard, IL. The distribution center, one of 12 the retailer-owned hardware cooperative owns in the U.S., will continue to ship products from this location to its stores...

Wed, 28 Jul 2010 07:15:31 GMT

Pritzker Realty Group has partnered with The Bozzuto Group to establish a multifamily equity fund with an initial investment of $75 million. The fund will purchase and develop apartment communities in the Mid-Atlantic and Northeast with a primary focus...

Wed, 28 Jul 2010 05:40:04 GMT

CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate. In this week's issue...

Wed, 28 Jul 2010 01:18:19 GMT

It was another landmark week for SL Green. The office REIT inked long-term deals for CBS Broadcasting and Healthfirst in Manhattan, while one of its subsidiaries closed two leases for PepsiCo and Citigroup in the Westchester/Southern Connecticut region...

Wed, 28 Jul 2010 10:11:12 GMT

Although energy-efficient retrofitting of commercial buildings has the potential to return twice as much in savings to owners and tenants as they require in investments, interest in pursuing retrofits has remained relatively low, dampened by the financial...

Wed, 28 Jul 2010 04:30:47 GMT

The National Football League (NFL) officially announced Tuesday that it is relocating its headquarters to 345 Park Ave. in Manhattan. But although the nation's most popular sports league inked one of the New York's largest office leases this year, it...

Tue, 27 Jul 2010 10:01:55 GMT

CoStar announced it is launching the CoStar Commercial Repeat Sales Index (CCRSI), the first comprehensive repeat sales index for commercial real estate. The index is intended to provide consistent and timely information to help answer some of the fundamental...

Tue, 27 Jul 2010 03:06:15 GMT

In this week's Pipeline, the Ak-Chin Indian Community and general contractor PENTA Building Group break ground on $20 million expansion of a Harrah’s Casino south of Phoenix; a Denver-based electrical contractor completes a new design-build $64 million...

Mon, 26 Jul 2010 11:35:40 GMT

Onyx Pharmaceuticals Inc., a cancer biopharmaceutical company, signed for 126,493 square feet at 249 E. Grand Ave. in South San Francisco, CA. The deal includes 68,738 square feet subleased from Exelixis and an entire first and second floor space leased...

Wed, 21 Jul 2010 08:04:03 GMT

Inland Real Estate Acquisitions (IREA), announced Wednesday that it has recently purchased five shopping centers totaling 1.3 million square feet, for a combined total of $209 million. IREA acquired the properties on behalf of Inland American Real Estate...

Wed, 21 Jul 2010 05:57:06 GMT

The U.S. industrial real estate market now appears to be headed into recovery after several quarters of negative absorption. With the economy sending out mixed signals but generally gaining strength, absorption of industrial buildings turned positive...

Wed, 21 Jul 2010 03:37:02 GMT

Despite concerns during the financial crisis about whether bank credit would remain available, equity REITs generally have been able to renew maturing unsecured lines of credit throughout the downturn. Credit has remained available -- but not surprisingly...

Wed, 21 Jul 2010 11:15:19 GMT

Baltimore, MD-based CGA Capital Corp. has closed $687 million in financing for construction of the National Nuclear Security Administration’s new 1.5 million-square-foot manufacturing facility in Kansas City, MO. The NNSA National Security Campus...

Wed, 21 Jul 2010 02:02:36 GMT

Avison Young's appetite for growth shows no signs of waning. The Toronto, Ontario-based company has been snapping up real estate services firms as it continues its U.S. expansion, most recently adding Hodges Management and Leasing Co. in Atlanta to bolster...

Tue, 20 Jul 2010 09:31:12 GMT

Spending on commercial and other nonresidential construction is likely to fall more than 20% this year -- significantly more than forecasters predicted six months ago -- with hotel and office construction down by more than 43% and 29%, respectively, according...

Tue, 20 Jul 2010 09:07:07 GMT

In this week's Pipeline, a consensus of construction industry experts delivers a sobering forecast for commercial and other nonresidential building activity for the remainder of 2010; CGA Capital has pulled together $687 million in financing for Center...

Tue, 20 Jul 2010 09:06:20 GMT

CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate. In this week's issue...

Tue, 20 Jul 2010 10:15:04 GMT

Home appliance manufacturer Whirlpool Corp. said it will stay in Western Michigan, building a new office campus in Benton Harbor, MI, at a reported cost of $85 million as part of a five-year plan to consolidate its 15 owned and leased facilities into...

Mon, 19 Jul 2010 03:32:24 GMT

Avison Young purchased Hodges Management and Leasing Co., an Atlanta-headquartered firm that provides third-party property management and leasing services to real estate owners in the Southeast. The acquisition includes HMLC’s 36 employees and its portfolio...

Thu, 29 Jul 2010 22:19:45 EDT

Commercial real-estate company LNR has secured a $417 million equity infusion to help pay off a chunk of its debt.

Thu, 29 Jul 2010 13:55:31 EDT

The region near New York City is one of the nation's toughest markets to development properties. AvalonBay is undeterred.

Tue, 27 Jul 2010 20:11:54 EDT

Japanese no-frills hotel operator Toyoko Inn is planning to expand into the U.S. market with a 640-room tower in the New York City borough of Queens, where it plans to offer tiny rooms for rates that are among the lowest in the city.

Wed, 28 Jul 2010 09:52:35 EDT

With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon.

Wed, 28 Jul 2010 01:03:23 EDT

Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage.

Tue, 27 Jul 2010 23:17:32 EDT

Boston Properties' second-quarter earnings fell, as did a key measure of profitability for the office-property owner, but both beat the company's guidance.

Fri, 30 Jul 2010 22:26:19 EDT

A Vornado-led partnership is paying MGM Resorts about $80 million for land connected to the Borgata Hotel Casino in Atlantic City.

Tue, 20 Jul 2010 22:53:38 EDT

The commercial-mortgage-backed-securities market, a leading source of financing in commercial property until the financial collapse of 2008, is showing signs of life.

Tue, 27 Jul 2010 13:39:01 EDT

While building is on schedule for London's 2012 Olympic Games, locals fear the broad urban renewal central to the bid could become a lesser priority.

Thu, 22 Jul 2010 07:31:09 EDT

Starwood Hotels reported a 15% drop in earnings on charges as the lodging company continued to see improved demand.

Wed, 21 Jul 2010 16:42:21 EDT

A fast-growing sector of senior housing is coming under increased scrutiny in Washington—continuing-care retirement communities.

Wed, 21 Jul 2010 10:43:06 EDT

A piece of prime real estate, an island on the Seine River southwest of the Eiffel Tower, finally may get developed after sitting empty since 1992.

Wed, 21 Jul 2010 03:30:06 EDT

The volume of investment is just a fraction of what was seen before the financial crisis amid uncertainty about the global economy.

Wed, 21 Jul 2010 14:13:15 EDT

Atlanta deal maker Kris Miller paid Equity Office Properties Inc. $33 million in 2007 for 9000 Central Park, a 205,000-square-foot, seven-story office building. He took a loss on the resale.

Tue, 20 Jul 2010 20:04:06 EDT

Land prices in China continued to rise in the second quarter from the preceding quarter, albeit at a slower pace, highlighting the challenges that Beijing faces in its efforts to lower persistently high property prices.

Wed, 21 Jul 2010 12:03:45 EDT

After building one of the biggest, most prestigious real-estate-investing businesses on Wall Street, Morgan Stanley is weighing plans to scale it back.

Thu, 15 Jul 2010 10:23:03 EDT

Aecom Technology has acquired Tishman Construction, the builder of the original Trade Towers, combining two leaders in the field of commercial and government building.

Wed, 14 Jul 2010 06:43:17 EDT

The venture, the first in a public-private partnership in which a minority-owned firm has taken a stake, won the bidding for a $1.85 billion portfolio of distressed commercial real-estate loans.

Tue, 13 Jul 2010 18:38:13 EDT

A number of companies that had planned to become REITs are getting cold feet due to stock-market volatility.

Wed, 14 Jul 2010 10:03:28 EDT

Colony Capital Chief Executive Tom Barrack has a new following: fans of the vampire-novel series 'Twilight.'

Tue, 13 Jul 2010 20:45:07 EDT

The hotel will be the group's fourth at its Newport City development.

Wed, 14 Jul 2010 08:49:19 EDT

Hamburg, Germany, had grand plans for a world-class cultural center. Cost overruns, construction mistakes, delays and feuding among the city, the architects and the builders have marred the project.

Tue, 13 Jul 2010 19:05:44 EDT

The U.K.'s FSA set out proposals for new rules to ensure mortgages are only extended to people who can afford them, in a bid to stamp out the high-risk lending strategies used in the run-up to the financial crisis.

Wed, 28 Jul 2010 12:14:31 EDT

A Miami-based developer is seeking to capitalize on predictions of a rougher hurricane season, which may be a marketing opportunity for him and his new tower at 1450 Brickell Ave.