Real Estate News

WSJ.com: Real Estate
Helmsley Estate Sells Manhattan Hotel	3/10/2010 9:13 AM
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
WTC Development Talks Continue	3/11/2010 4:39 PM
Negotiations continued between developer Larry Silverstein and the Port Authority who are trying to resolve an impasse over the redevelopment of the World Trade Center site before a critical deadline Friday.
Fortis Sues Lender Kennedy in Debt Case	3/11/2010 8:42 AM
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.
European REIT Rollout at Hand	3/10/2010 8:58 AM
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.
General Growth Debt Bet Pays Off	3/10/2010 9:03 AM
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.

Top News Stories

WSJ.com: Real Time Economics
Global House Prices May Have Further to Fall, but U.S. Looking Better	3/12/2010 4:00 PM
House prices across the globe still have room to fall, but the U.S. may be in better shape than other developed nations, according to an International Monetary Fund research article.
Also On the Fed Short List: One Consumer Advocate, One Social Security Expert	3/12/2010 3:16 PM
The Obama administration is considering a Maryland regulator awarded "Consumer Advocate of the Year" and a Massachusetts economics professor known for his Social Security expertise to join Janet Yellen as nominees to the Federal Reserve Board.
Members of Fed’s Consumer Council Want Fed Out of Consumer Regulation	3/12/2010 2:34 PM
In 1976, the Federal Reserve established its Consumer Advisory Council at the direction of Congress to advise the central bank on its responsibilities tied to consumer issues. But some members of the council, even as they plan for their next meeting later this month, don't seem to think very highly of the Fed on this front.
Blinder: Lack of Good Financial Reform Is a ‘Tragedy’	3/12/2010 12:50 PM
Former Federal Reserve Vice Chairman Alan Blinder said Friday he fears Congress will fail to act to revamp the financial regulatory system, calling it a "tragedy."
Secondary Sources: Toxic Asset, Cigarette Taxes, Consumer Satisfaction	3/12/2010 9:38 AM
A roundup of economic news from around the Web.
Who is Janet Yellen?	3/12/2010 8:49 AM
Janet Yellen, president of the Federal Reserve Bank of San Francisco, is expected to be nominated by President Barack Obama as vice chair of the Federal Reserve Board. Ms. Yellen, 63 years old, has served as a Fed policy maker for almost a decade between her stints in Washington and San Francisco.
Fed’s Dudley: Governments Need Fiscal Stimulus Exit Plan	3/12/2010 6:18 AM
Calling government budget deficits unsustainable, a top Federal Reserve official on Thursday called on national leaders to start laying out plans that would allow a move back to more manageable spending levels.
Companies’ Net Worth Falls Again	3/11/2010 4:16 PM
The Federal Reserves latest flow of funds report offers a clue for those trying to understand why banks often dont want to lend to businesses: By some measures, businesses finances are still deteriorating.
Sen. Corker Offers Details of Deal That Almost Was	3/11/2010 2:48 PM
Sen. Bob Corker (R., Tenn.) on Thursday talked openly of the bipartisan compromise he nearly reached with Senate Banking Committee Chairman Christopher Dodd (D., Conn.) over new financial regulations.
Health-Care Status Quo Is Bad Medicine for Jobs	3/11/2010 2:21 PM
Amid the worst labor market in more than a generation, it is surprising that discussions -- pro and con -- about overhauling health insurance tend to ignore one key issue: The current insurance system that relies on employer-provided policies and little portability threatens future job growth.