Real Estate News

WSJ.com: Real Estate
Helmsley Estate Sells Manhattan Hotel	3/9/2010 9:50 PM
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
BofA Ends Overdraft Fees on Debit Buys	3/9/2010 9:05 PM
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations.
Apollo Signs Citigroup Deal	3/9/2010 9:27 PM
Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty.
European REIT Rollout at Hand	3/9/2010 9:01 PM
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 Lines Up More Capital	3/8/2010 7:01 PM
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.

Top News Stories

WSJ.com: Real Time Economics
Video: Economist Expects Greater Frequency of Recessions	3/10/2010 6:13 AM
Anirvan Banerji, director of research at Economic Cycle Research, joins the News Hub to discuss why he believes the U.S. economy will experience more frequent recessions ahead.
Young Adults Fret Over Jobs, Haven’t Lost Hope	3/9/2010 4:26 PM
Young people are worried about losing their jobs and paying their bills, but theyre still holding out hope that conditions will improve.
Caterpillar CEO Sees Stronger Rebound Boosting Sales	3/9/2010 1:20 PM
Sales at Caterpillar Inc. are expected to rise 10%-25% this year on inventory restocking and a stronger global rebound than was initially expected, James W. Owens, the companys chairman and chief executive, said on Tuesday.
Fed Lieutenant’s Speech Suggests Rate Increase by Year End	3/9/2010 12:02 PM
For some time now, Federal Reserve officials have been hesitant to put a precise time frame on when they will begin to tighten policy, except to note the action lies well into the future.
Economy Still Breeding Doom And Gloom	3/9/2010 9:53 AM
The latest readings from consumers and small business owners indicate economic sentiment isn't improving, despite signs of a factory rebound and less gloom on the labor front.
Secondary Sources: Too Big to Fail, 4% Inflation, Commercial Real Estate	3/9/2010 9:51 AM
A roundup of economic news from around the Web.
Small Businesses Turn More Pessimistic	3/9/2010 6:32 AM
Small-business owners in the U.S. turned slightly more pessimistic in February, although employment readings grew a shade more positive.
Senior Fed Official Lays Out More Exit Detail	3/8/2010 8:30 PM
The Federal Reserve pumped more than $1 trillion dollars into the economy at a lightning pace, but it plans to take it out glacially, a senior Fed official said in a speech Monday. Brian Sack, who runs the markets group at the Federal Reserve Bank of New York, laid out more detail on the Feds plans to reduce its massive holdings of mortgage backed securities and Treasurys in a speech to the National Association of Business Economics in Washington.
Productivity Surge May Hurt Job Growth, Fed Paper Says	3/8/2010 1:42 PM
Strong levels of productivity are calling into question the U.S. economy's ability to generate jobs, a new report from the Federal Reserve Bank of San Francisco warns.
Complaints Abound With TV, Cellphones, Banks Leading Pack	3/8/2010 11:06 AM
When times get tough, complain. If the newest numbers from the Better Business Bureau for company complaints are any indication, thats exactly what consumers are doing.