The Architecture Billings Index began its third year of negative conditions. The index was down sharply in January from the prior month, indicating a continued decline in demand for design services.
The performance of loans bundled in commercial mortgage-backed securities deteriorated sharply in February, raising fears that the coming wave of distressed loans may be much higher than expected.
Canadian property giant Brookfield Asset Management is readying a bid to take a large ownership stake in mall owner General Growth, aiming to top an unsolicited bid made by rival mall owner Simon Property.
In 2006, Long Island banker Bradley E. Rock was one of the industry's loudest opponents of a proposed crackdown on lending. Now his bank is a dramatic example of what regulators were so worried about.
This Private Properties column also looks at a listing by fashion designer Valentino's longtime companion and a sale by HBO Co-President Richard Plepler.
Harvard's endowment is looking to sell up to $500 million of its real-estate portfolio—if the price is right—as it seeks to cut its exposure to the troubled property market.
