| WALL ST. JOURNAL REALTY NEWS |
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.
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
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 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.
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.
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JESSICA ECK
BROKER, OWNER, REALTOR®
(612) 251-5884 |
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SARA SCHULMAN
BROKER, OWNER, REALTOR®
(612) 386-0990 |
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TWIN CITIES | MINNESOTA
FAX: 1-866-388-6260 |
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