Commercial News for 7/3/09
WSJ.com: Commercial Real Estate
Flipping Sides
The number of former mortgage lenders and brokers finding ways to make a living from the foreclosure crisis continues to mount.
REITs Book a Blockbuster Quarter
Real-estate-investment trusts staged the best performance in their history during the second quarter on growing perceptions that most REITs are out of immediate danger.
Bumpy Recovery in the U.K.
Industry experts say the United Kingdom's commercial-property market is starting to recover, but property companies are facing declining rents.
Dubai Developer Talks Signal Mergers
Emaar, the Middle East's largest developer, is in talks to merge with three state-controlled property firms because of a sharp downturn in the emirate's property market.
KB Home Reports Narrower Loss
KB Home's loss narrowed on smaller charges as the company's orders again outpaced closings.
Big Hotel Planned Next to Sears Tower
A real estate investment group that owns the Sears Tower said it is pushing forward with plans to build a hotel next door to North America's tallest building, but released few details on financing.
Behind a Bankruptcy Brouhaha
David Lichtenstein is facing challenges to the plan that took his Extended Stay Hotels chain into bankruptcy protection, which could trigger $100 million of personal liability.
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