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06 Feb 2009
Brookfield Properties Earnings Jump on Tax

Brookfield Properties Corp., owner of New Yorks World Financial Center, said fourth-quarter profit more than quadrupled because of a tax gain. / Source: Bloomberg

06 Feb 2009
Metrovacesa Has French Assets Frozen on Dropped Deal

Metrovacesa SA, Spains largest real- estate developer, said its French assets were temporarily frozen by a Paris court after it failed to complete a property purchase. / Source: Bloomberg

06 Feb 2009
Lend Lease Shares Dive After Stock Sold at Discount

Lend Lease Corp. tumbled in Sydney trading after Australias largest developer raised A$302.5 million ($196 million) selling shares at an 11 percent discount to their previously traded price. / Source: Bloomberg

06 Feb 2009
Deyaar May Construct Homes, Offices in Saudi Arabia

Deyaar Development PJSC, the property company thats put a quarter of its projects in Dubai on hold, is in very advanced talks to build homes and offices in Saudi Arabia as the company tries to expand beyond its home market. / Source: Bloomberg

05 Feb 2009
Westfield Slumps to Record After Selling Shares to Reduce Debt

Westfield Group shares slumped to a record in Sydney trading after the worlds biggest shopping- center owner by market value sold A$2.9 billion ($1.9 billion) of new shares to help cut debt. / Source: Bloomberg

05 Feb 2009
Baugur Asks for Creditor Protection as Landsbanki Talks Fail

Baugur Group Hf, the Icelandic owner of stakes in U.K. retailers from Hamleys Plc to Iceland Foods Ltd., asked for protection from creditors after talks with Landsbanki Islands Hf broke down. / Source: Bloomberg

05 Feb 2009
Costco Expects Profit Substantially Below Estimates

Costco Wholesale Corp., the biggest U.S. warehouse-club chain, said profit will be substantially below analysts estimates after the company cut prices to keep customers as the recession deepens. / Source: Bloomberg

05 Feb 2009
Trump May Save $600 Million on U.K. Golf Resort on Weaker Pound

Real-estate developer Donald Trump may save about $600 million on the cost of a golf resort planned for northeast Scotland as a result of the pounds collapse against the dollar and as builders cut prices. / Source: Bloomberg

04 Feb 2009
Sawiris Slows Pace of Resort Development in Recession

Samih Sawiris, the Egyptian entrepreneur with real-estate investments from Morocco to Oman, has slowed construction of luxury hotels and resorts as clients postpone the purchase of new homes and delay vacations in the global recession. / Source: Bloomberg

04 Feb 2009
Westfield to Raise A$2.9 Billion to Pay Down Debt

Westfield Group, the worlds biggest shopping-center owner by market value, plans to sell A$2.9 billion ($1.8 billion) of new shares to reduce debt after the global slump slashed property values. / Source: Bloomberg

04 Feb 2009
Poor outlook for Romania across all property sectors

Real estate prices in Romania are expected to fall by up to 60% in 2009 as property investors fail to find finance. / Source: Propertywire

04 Feb 2009
CMBS Loans at Risk as U.S. Rents Decline, Reis Says

Securitized loans on U.S. offices, apartments and commercial properties are at greater risk of default after rents fell in 43 percent of buildings of all types in the fourth quarter, up from an average 25 percent in the first nine months of 2008, research firm Reis Inc. said. / Source: Bloomberg

03 Feb 2009
Hypo Real Drops on Report About Government Takeover

Hypo Real Estate Holding AG, the property lender bailed out by the government, dropped in Frankfurt trading following reports that Germany is preparing to take over the company. / Source: Bloomberg

03 Feb 2009
U.K., Irish Commercial-Property Values Drop by Record

Commercial properties in the U.K. and Ireland lost the most value on record in 2008, indexes compiled by Investment Property Databank Ltd. showed, as would-be buyers struggled to borrow money in the worst slump since the 1970s. / Source: Bloomberg

02 Feb 2009
DLF, Unitech Trapped in Catch-22' as Profits, Demand Dwindle

DLF Ltd. and Unitech Ltd., India's biggest property developers, said quarterly profits plunged to record lows as the deepest economic slump in six years damped demand for homes, offices and malls. / Source: Bloomberg

02 Feb 2009
Irish Developer Dunne Loses Appeal for Dublin Tower

Dublin developer Sean Dunne lost a battle for permission to build Ireland's tallest skyscraper after paying a record price for the designated site four years ago. / Source: Bloomberg

28 Jan 2009
CRE Saint Petersburg Awards 2009 will announce winners in June

The Ceremony, which was earlier planned to take place in March, will be moved to June. Taking into account wishes from the market, in 2009 CRE Saint-Petersburg Awards and CRE Federal Awards will hold a combined Ceremony that will unite results of work of both Jury Committee. / Source:

28 Jan 2009
Guests of CRE Federal Awards and Summit 2009 will convene in St.Petersburg

St.Petersburg has been selected as a venue for Commercial real estate Federal Awards and annual gathering of regional developers will take place in June, as was earlier planned such a decision was taken by organizers of CRE Awards after numerous consultations with event participants. / Source:

03 Dec 2008
Tesco Sales Beat Estimates, Led by Discount Products

Tesco Plc, the U.K.s biggest supermarket company, reported third-quarter sales growth that beat analysts estimates after introducing a cheaper product range to combat discounters Aldi Group and Lidl. / Source: Bloomberg

03 Dec 2008
Metrovacesa Owner in Talks to Cede Control to Banks

The family that controls Metrovacesa SA, Spains largest property developer, is in advanced talks with creditors which, if successful, would result in the banks taking a 54 percent stake in the company. / Source: Bloomberg


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