Commercial News for 2/11/12
WSJ.com: Commercial Real Estate
GSA Picks Trump Plan for Project
A proposal from Trump Hotel Collection and private-equity investor Colony Capital was selected by the General Services Administration to redevelop Washington's Old Post Office Building into a luxury hotel.
Cambodia's Developers Aim at Stars
A high-rise building boom in Cambodia's capital city, Phnom Penh, derailed by the 2008-2009 financial crisis, is starting up again.
Pyramid Cos.' Carousel Plan Rides Again
Developer Robert Congel's drive to create one of the largest malls in the country, in Syracuse, N.Y., is back in gear after almost being upended by the economic downturn and a nasty court battle with Citigroup.
U.A.E. Banks Dip Back Into Real Estate
Banks in the United Arab Emirates are tiptoeing back into real-estate lending.
Atlanta Tower Proves too Tall an Order
The tallest building in Atlanta is now in the hands of a group of bond investors that foreclosed on its first mortgage.
Price-Rise Plateau
The Green Street Advisors Commercial Property Price Index remained unchanged in January as investors stayed cautious about the direction of the U.S. economy.
Goldman to Fight Over Hancock
A Goldman Sachs Group Inc. real-estate fund that has walked away from a number of struggling investments is taking a different approach with a Chicago skyscraper, deciding to fight its creditors rather than surrender ownership of the building.