WALL ST. JOURNAL REALTY NEWS WSJ.com: Real Estate European REIT Rollout at Hand With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand. Helmsley Estate Sells Manhattan Hotel The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million. General Growth Debt Bet Pays Off A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents. BofA Lawyers Rebuked in Cabi Case BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute. Marriott Expands in Europe Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan. JESSICA ECK BROKER, OWNER, REALTOR® (612) 251-5884 SARA SCHULMAN BROKER, OWNER, REALTOR® (612) 386-0990   TWIN CITIES | MINNESOTA FAX: 1-866-388-6260

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