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The owners of tens of thousands of New York City’s largest buildings would be required to conduct energy audits and make energy efficiency retrofits under a sweeping package of green building laws announced last week by New York City Mayor Michael Bloomberg…
Dubai World has agreed to new terms with MGM Mirage on the construction of CityCenter in Las Vegas, dropping the lawsuit that it filed against the casino owner a month ago.
The joint venture partners plan to fund the $800 million in remaining equity…
The beleaguered American International Group, which is selling assets to repay tens of billions of dollars in government bailout money, may shut its mortgage insurer after failing to turn around the unprofitable unit, Bloomberg News reports, citing two unidentified people familiar with the matter.
MBIA, the world’s largest bond insurer, said Thursday that it had filed a lawsuit against Merrill Lynch seeking damages for losses from complex debt securities that it had insured for the firm.
The U.S. will provide financing during the bankruptcy proceeding, which President Obama said would be “quick, official and controlled.”
How the first bankruptcy for a major automaker since Studebaker in 1933 is likely to play out.
Major U.S. retailers closed nearly 7,000 stores while opening approximately 5,700 new locations in 2008 resulting in a net loss of more than 1,000 stores for the year, according to exclusive research compiled by CoStar Group Inc.’s news division. Although…
If Chrysler files for bankruptcy protection, as seemed almost inevitable Thursday, there could be a very public brawl between the government, which is effectively propping Chrysler up with billions of dollars in loans, and a group of its recalcitrant lenders.
Kenneth D. Lewis, a man who thrived on scoring the next big deal, found himself sunk by one, The Associated Press writes.
Mr. Lewis was stripped of his title as Bank of America’s chairman Wednesday when shareholders voted to separate that job from the chief executive’s position. He’ll stay on as chief executive, but the loss [...]
With a bankruptcy filing by Chrysler appearing all but certain, President Obama will address the fate of the automaker at noon.
There could be a very public brawl between the government and a group of its recalcitrant lenders.
kstraw2 has added a photo to the pool:
MGM Mirage and Dubai World said Wednesday that they had reached an agreement with their lenders on a plan to fully finance CityCenter, an $8.5 billion residential and casino development on the Las Vegas Strip.
New Jersey regulators authorized Wednesday what could be an 80-percent-off sale for one of Atlantic City’s largest casinos, permitting the Tropicana Casino and Resort to be sold in a bankruptcy court auction — possibly to the billionaire financier Carl C. Icahn.
Shareholders stripped Kenneth D. Lewis of his chairman’s title in a vote that may mark the beginning of the end of his leadership at the embattled bank.
On the day that a Mexican toddler became the first person to die of the disease on United States soil, the W.H.O. warned that a “pandemic is imminent.”
An uptick in both the number and average loan size of new defaults resulted in a one-quarter point climb in March CMBS delinquencies to end the month at 1.53%, and there are significant indicators that point to record climb in defaults in April as well…
Normandy Real Estate Partners, one of the nation’s largest real estate private equity firms and one that is making a name for itself bailing out Northeast office investors, has initiated a play for Australian REIT RNY Property Trust.
RNY presently…
Manhattan building owners are trying to make deals by chopping large spaces into smaller units and finishing off the space before a tenant is signed.
A developer of property next to the long-awaited High Line elevated park insists that, in a downturn, building bigger is better.
Sobering words from WHO director-general Dr. Margaret Chan who said minutes ago “all of humanity that is under threat” with a worldwide swine flu pandemic now imminent. The last major worldwide pandemic from 1918 – 1919 killed an estimated 50 to 100 million people
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GENEVA, April 29 (Reuters) – World Health Organization director-general Dr. Margaret Chan raised the pandemic threat [...]
Manhattan building owners are trying to make deals by chopping large spaces into smaller units and finishing off the space before a tenant is signed.
A developer of property next to the long-awaited High Line elevated park insists that, in a downturn, building bigger is better.
Jones Lang LaSalle on Monday released measurements of its global carbon emissions and the emissions it says it has prevented through sustainability and energy consulting services to clients.
The Chicago-based international real estate services firm…
Bank of America opened an annual shareholders’ meeting on Wednesday that will determine whether its embattled chief executive, Kenneth D. Lewis, can hang on to enough support to continue as chairman, The New York Times’s Louise Story reports from Charlotte, N.C..
Goshen Capital Partners, the hedge fund that recorded a whopping 73 percent gain last year betting against the market, posted returns of 6.8 percent in the first quarter, according the firm’s most recent letter to investors. The hedge fund, run by Christopher Burn, criticizes the government’s efforts to solve the financial crisis and believes the [...]
A seven-bedroom Victorian near downtown Dubuque, Iowa, a two-bedroom town house in Baltimore, and a three-bedroom two-bath Pueblo in Santa Fe, N.M.
Manhattan building owners are trying to make deals by chopping large spaces into smaller units and finishing off the space before a tenant is signed.
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