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02 Nov 2009
Starwood Opens Its 150th Hotel in Asia Pacific and Signs 23 New Deals

Starwood Extends Its Lead as Asia Pacific's Largest Upper-Upscale and Luxury Hotel Company with the Opening of the ITC Royal Gardenia, a Luxury Collection Hotel, Bengaluru / Source: Hotel News Resource

30 Oct 2009
CB Richard Ellis makes third quarter profit

CB Richard Ellis joined its main rival Jones Lang LaSalle in returning to profitability in the third quarter of the year with a net income of $12.4m or 4c a share  / Source: CB Richard Ellis

30 Oct 2009
German Property Funds Shop in Europe With $11 Billion

Matthias Danne, head of Germanys largest real estate mutual-fund company, is ready to return to the commercial property market and make purchases in France, Germany and the U.K. after prices dropped as much as 45 percent / Source: Bloomberg

29 Oct 2009
Jones Lang LaSalle back in the black

Jones Lang LaSalle made a net profit of $20m, or 46c a share, during the third quarter of this year but failed to meet analysts targets  / Source: Jones Lang LaSalle

29 Oct 2009
Blackstone Said to Seek Restructuring of Hilton Debt

Blackstone Group LP, the worlds largest private-equity company, is negotiating with lenders to cut a quarter of the debt held by Hilton Worldwide, the hospitality company it bought in 2007 for $20 billion, according to people familiar with the matter / Source: Bloomberg

28 Oct 2009
Regal submits plans for Birminghams tallest tower

Regal Property Group has submitted plans to develop the £125m Regal Tower which will be Birminghams highest building / Source: Property Week

28 Oct 2009
LaSalle Investment Management makes its ?100m Paris debut

LaSalle Investment Management has made its first purchase in Continental Europe with the purchase of Le Blériot office building in Suresnes, Paris for around ?100m  / Source: Property Week

27 Oct 2009
McDonalds Closes in Iceland After Krona Collapse

Icelands McDonalds Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at the fast-food chain / Source: Bloomberg

27 Oct 2009
Osakas Hashimoto Wins Approval to Buy Citys Tallest Building

Osaka Governor Toru Hashimoto won approval to buy the citys tallest building, a plan that was earlier rejected by prefectural lawmakers. The assembly didnt approve a proposal to move workers to the seaside site / Source: Bloomberg

26 Oct 2009
Tishman Speyer Office Park in L.A. Faces Foreclosure

A Tishman Speyer Properties LP office park in California where reclusive aviator Howard Hughes once worked is the subject of a foreclosure lawsuit saying the owners failed to repay $154 million of debt due in July. / Source: Bloomberg

26 Oct 2009
Capmark Financial Files for Bankruptcy

Capmark Financial Group Inc., the lender owned by Goldman Sachs Group Inc. and KKR & Co., among other companies, filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion / Source: Bloomberg

23 Oct 2009
McDonalds Shares Rise as Profit, Sales Top Estimates

McDonalds Corp., the worlds largest restaurant company, jumped the most in five weeks in New York trading after third-quarter profit and global comparable sales rose more than analysts estimated / Source: Bloomberg

23 Oct 2009
London leads rise in office occupier demand

Occupier demand for offices and shops across the UK is rising for the first time in more than two years, with London leading the recovery, according to a study / Source: Financial Times

22 Oct 2009
Sarkozy Clan Seeks to Tighten Grip on Paris Skyline Development

Jean Sarkozys bid to run the board of the planning agency for La Defense, the business district at Pariss western edge, has sparked an outcry and charges of nepotism from critics who say hes not qualified. Proponents say the presidential interest will ensure momentum for the plan / Source: Bloomberg

22 Oct 2009
UBS's Triton fund to sell £120m portfolio

UBSs flagship UK property fund Triton has put a £120m portfolio on the market to take advantage of the strength in the market / Source: Property Week

21 Oct 2009
The new face of Dubai will be empty offices and apartments with no one in them

In a shocking report from Japanese bank Nomura they predict that some 20 million square feet of commercial space will be completed in Dubai by 2011 along with 10 million square feet in Abu Dhabi / Source: Property Wire

21 Oct 2009
JPMorgan, Interros to Form $1 Billion Investment Firm

JPMorgan Chase & Co.s private equity arm, One Equity Partners, and Russian billionaire Vladimir Potanins Interros Holding Co. plan to form a $1 billion investment company for Russian projects / Source: Bloomberg

21 Oct 2009
Ex-Macquarie, Lehman Bankers Plan $148 Million Property Fund

Moss Capital, formed by ex-Macquarie Group Ltd. and Lehman Brothers Holdings Inc. bankers, is close to completing a A$160 million ($148 million) fund that will invest in Australian property / Source: Bloomberg

20 Oct 2009
Emaar may cancel Burj Dubai towers

Emaar could shelve plans to build 13 high-rise buildings earmarked for the site of the worlds tallest tower in Dubai after investors transferred their down payments to other projects / Source: The National

20 Oct 2009
Commerz Real buys ?120m Paris office

Commerz Real has bought an office building in Paris, Espace Kléber, for ?120m from shopping centre operator Klépierre / Source: Property Week


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