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    PennyMac Trust Seeks $750 Million in Stock Offering

    A subsidiary of PennyMac, the firm founded by former Countrywide Financial executives to invest in home mortgages, will seek $750 million in an initial stock offering, according to a regulatory filing made on Friday.

    The Poet of Property

    Real estate ads are just like personal ads: the idea is to get you to fall in love, sight unseen. Valerie Haboush specializes in these come-ons. She’s behind some of the catchiest ads in New York City.

    Living In | Bloomfield, N.J.: A Starter Spot for Suburbanites

    Bloomfield has long been known as a working-class town where families stay for generations.

    President’s Detention Plan Tests American Legal Tradition

    Determining the constitutionality of President Obama’s proposal for “prolonged detention” of terror suspects without trial is likely to require a national look in the mirror.

    In Area Packed With Prisons, a Split on Adding Jihadists

    In the community near the only federal supermax prison, the word Guantánamo elicits emotional questions of politics and safety, and for some, religion and culture.

    Historic Highland Park Village Sells for $164M

    Highland Park Village, a 246,200-square-foot lifestyle center in Dallas, TX, was recently sold by Henry S. Miller to HP Village Partners, an entity owned by Highland Park natives Ray and Heather Washburne and Elisa and Stephen Summers. According to CoStar…

    Report: Lawyer says SKorea’s Roh left suicide note

    A family lawyer has told South Korean media that former President Roh Moo-hyun left behind a brief suicide note. News reports quote Moon Jae-in as telling reporters in Busan Saturday…

    Report: 11 dead in Brazil plane crash

    Brazilian media are reporting that 11 people died when a small plane crashed near a resort in the country’s northeast. The Web site of the Estado de S. Paulo newspaper says a King Air…

    NM mom charged in son’s death faces life in prison

    A single mother accused of suffocating her 3-year-old son and burying him in a playground will face life in prison if convicted of first-degree murder, prosecutors said Friday. Tiffany…

    Kiefer Sutherland, designer resolve issues

    Kiefer Sutherland and the fashion designer he’s accused of head-butting at a Manhattan night club said Friday they resolved their differences, clearing the way for the charges to be…

    Steeler Harrison’s pit bull attacks young son

    A pit bull owned by Pittsburgh Steelers linebacker James Harrison bit his 2-year-old son in the thigh, but the boy is expected to recover though he remained hospitalized Friday, the…

    Seattle deputy’s shove leaves innocent man in coma

    Authorities have released surveillance video showing a burly sheriff’s deputy slamming a man head first into a wall earlier this month, leaving him in a coma. Christopher Harris remains in…

    Wash. state has first death under new suicide law

    A 66-year-old woman with terminal cancer has become the first person to die under Washington state’s new assisted suicide law, an advocacy group said Friday. Linda Fleming, of Sequim, died…

    Lawmakers want Obama to slow down on GM, Chrysler

    Dozens of Congress members want the Obama administration to slow down the restructuring of General Motors and Chrysler, because they’re worried the process could cost tens of thousands of…

    Advice to M.B.A.’s: Think Different and Don’t Despair

    All over the nation, top business schools have lined up commencement speakers who face a delicate task: Giving a pep talk to graduates, many of whom hope to reap riches on Wall Street, during a time when the Street, and its riches, seem to be shrinking.

    The Art of Buying in Bearish Times

    Takeover targets look cheap these days, but they may not stay that way. A new white paper from the Boston Consulting Group suggests that potential acquirers should consider seizing the moment.

    Away: The Look of Then, the Comforts of Now

    Near the Charleston, S.C., waterfront, this 1770 house has been returned to its original Georgian dimensions, and what couldn’t be restored was recreated in minute detail.

    Off the Charts: U.S. Jobless Rate May Soon Top Europe’s

    The conventional wisdom that the flexibility to hire and fire in the United States creates more jobs is being badly shaken.

    The TV Watch: Like a Scene From Campaign ’08

    The dueling speeches of President Obama and Dick Cheney looked like an odd replay of the 2008 showdown between biography and experience.

    Crossroads Marketplace Sells for $79M

    Lakha Investments of Bellevue, WA recently sold Crossroads Marketplace, a 539,270-square-foot power center in Chino Hills, CA for $79 million, at a 5.87% cap rate. The buyer, SKT investments, assumed the seller’s CMBS loan on the property.

    Located…

    Despite Economy, CRE Portfolios Performing Adequately for Banks

    For all of the dread concerning a widespread crash in the commercial real estate markets that has been put into words in the first quarter of 2009, the nation’s largest banks seem relatively unruffled coming out of the quarter.

    That’s not to say that…

    At $2.3 Billion, This Mall Could Be Too Big to Fail

    The opening of the Meadowlands Xanadu, an entertainment and retail center, is now delayed until sometime next year as the builders sue a lender for money and the owners line up tenants.

    Work Resumes on International Gem Tower in Diamond District

    The latest phase of construction of the 34-story building, whose developer hopes to line up buyers soon, began on Tuesday.

    Judge Approves $4.96 Billion in Loans for Chrysler

    A federal bankruptcy judge in New York ruled Wednesday that Chrysler could use $4.96 billion in government loans to keep operating and create a bridge to the sale of its most valuable assets to Fiat of Italy.

    S.E.C. Seeks to Open Up Corporate Board Elections

    The Securities and Exchange Commission proposed rules on Wednesday that would make it possible for a company’s shareholders to elect a limited number of independent directors, commission officials said.

    Property Values: What You Get For… $370,000

    A contemporary ranch in Carmel, Ind., a two bedroom log house on four acres outside of Cody, Wyo., and a three-bedroom colonial in Dumont, N.J.

    International Real Estate: For Sale In … Moscow

    After years without a true real estate market during the Soviet era, Moscow housing has gone through a roller-coaster ride in the last few decades.

    Bankruptcies Swell Deficit at Pension Agency to $33.5 Billion

    The increase in the last six months of $22.5 billion is largely a result of bankruptcies among companies whose pensions the agency must take over.