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10 Aug 2009
Eurohypo makes large first half loss

Eurohypo, the German-based property and public finance lender, made a pretax loss of ?189m in the first half of the year / Source: Property Week

07 Aug 2009
Max Property to Buy U.K. Warehouses for $415 Million

Max Property Group Plc, the fund created by Nick Leslau to take advantage of lower U.K. real- estate prices, agreed to buy warehouses owned by a company in receivership for 245.4 million pounds ($415 million) / Source: Bloomberg

07 Aug 2009
MGM Mirage Posts $212.6 Million Second-Quarter Loss

MGM Mirage, the biggest casino owner on the Las Vegas Strip, reported a $212.6 million second-quarter loss after a writedown and drop in gambling revenue. The shares rose after cash flow beat analysts estimates / Source: Bloomberg

06 Aug 2009
Immoeast Gains as Chief Says Some Projects to Restart

Immoeast AG, Austrias largest property developer, climbed to the highest in almost 11 months in Vienna after the company said it may restart some projects that were put on hold because of the credit crunch / Source: Bloomberg

06 Aug 2009
JLL loses $14m in second quarter

Jones Lang LaSalle made a net loss of $14m in the second quarter. The firm last night reported the loss, which would have been an $11m profit but for $15m of restructuring costs and $15m of non-cash co-investment charges / Source: Jones Lang LaSalle

05 Aug 2009
Donald Trump, Beal Bank to Buy Trump Entertainment

Donald Trump and an affiliate of lender Beal Bank Nevada agreed to invest $100 million in bankrupt Trump Entertainment Resorts Inc. and buy the casino company he founded out of bankruptcy / Source: Bloomberg

05 Aug 2009
Starbucks Aims to Double Czech, Polish Outlets in Five Years

Starbucks Corp., the worlds largest coffee-shop operator, plans to at least double the number of outlets in the Czech Republic and Poland in five years as those countries recover from the economic slowdown / Source: Bloomberg

04 Aug 2009
Marriott to Expand by Converting Competitors Hotels

Marriott International Inc., the largest U.S. hotel chain, plans to expand by taking over the operation of hotels from competitors unable to pay or refinance debt / Source: Bloomberg

04 Aug 2009
Metro Reports Profit Less Than Analysts Estimates

Metro AG, Germanys largest retailer, reported second-quarter profit that missed analysts estimates, hurt as rising unemployment curtailed consumer spending across the companys European markets / Source: Bloomberg

03 Aug 2009
Travelodge plans to become 'biggest hotel brand in London by 2012 Olympics'

Travelodge hopes to become the biggest hotel brand in London at the 2012 Olympics following the £84m exchange of six properties in the capital  / Source: Property Week

03 Aug 2009
CBRE reports second-quarter loss

CB Richard Ellis made a net loss of $6.6m in the second quarter of the year  / Source: CB Richard Ellis

31 Jul 2009
CapitaLand Sells S$1.1 Billion of Convertible Bonds

CapitaLand Ltd., Southeast Asias biggest property developer, sold S$1.1 billion ($762 million) of seven-year convertible bonds to refinance maturing debt and help fund new investment / Source: Bloomberg

31 Jul 2009
Holiday Inn Opens First Hotel in the Maldives in September

The Maldives will see the opening of the first international-class hotel for its capital city, Malé. The 117-room Holiday Inn Malé will open September 1, 2009. At 15-storys, Holiday Inn Malé is the city's newest and tallest hotel in the Maldives and in a 750-kilometer radius, commanding an unrivaled view of the harbor and beyond / Source: Real Estate Channel

30 Jul 2009
Russian 36.6 Pharmacy Worthless Without Veropharm

OAO Pharmacy Chain 36.6s Russian retail stores are practically worth nothing and the companys only valuable asset is drugmaker OAO Veropharm, according to Otkritie Financial Corp. analyst Victor Dima / Source: Bloomberg

30 Jul 2009
Beijing Olympics Hotel Re-opens to Business Travelers

The 420-room, 18-story, multi-million-dollar Intercontinental Beijing Beichen, once home to the world's top athletes, is now open to business travelers and the general public / Source: Real Estate Channel

29 Jul 2009
Coffee Republic finds buyer

The company, which is planning to build one of the tallest buildings in London at the Pinnacle in the City of London, will on Wednesday confirm the acquisition for an undisclosed amount. Administrators KPMG has been in talks to sell the business to Arab Investments for two weeks / Source: Financial Times

29 Jul 2009
Beijing Borrows $8.8 Billion for Financial District

Beijing unveiled plans for a new financial district, the largest real estate project since the Olympic Games, to be funded by 60 billion yuan ($8.78 billion) of loans from lenders including China Development Bank Corp. / Source: Bloomberg

28 Jul 2009
Kopeyka Seeks 2 Billion Rubles From Sberbank to Refinance Bonds

OAO Trading House Kopeyka, the Russian food retailer owned by billionaire Nikolai Tsvetkov, agreed to borrow 2 billion rubles ($64.7 million) from OAO Sberbank to refinance bonds / Source: Vedomosti

28 Jul 2009
Calpers to buy back shopping centres

Calpers, the USs biggest pension fund, which this week unveiled the steepest drop in its assets in its 80-year history, has agreed to buy back a portfolio of 86 US shopping centres for $1.73bn, about $1bn less than it sold it for four years ago / Source: Financial Times

28 Jul 2009
Prime shopping centre vacancy rates drop 25%

Prime shopping centres in the UK have seen vacancy rates fall by 25% since January 2009  / Source: Property Week


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