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China Urges Real-Estate Developers to Cut PricesChina plans to expand public housing and urged developers to cut home prices in an effort to stem job losses. Read more | Comments
Retailers Press Landlords on RentRetailers, having just struggled through one of the worst holiday shopping seasons in recent memory, are now trying to share the pain with their landlords. Real-Estate Executive Is Found DeadSteven Good, CEO of a Chicago real-estate auction firm, was found dead in an apparent suicide. It wasn't clear if there was any connection to his business. Vulture Fund Makes a Move in U.K. Real EstateA veteran British property investment team has sat on their vulture fund, waiting for the right moment to pounce on the growing carnage in commercial real estate. Now their venture is making its first move. Construction Spending Exceeds ExpectationsSpending on U.S. construction projects is holding up better than expected, but it is likely to falter in the coming months. Office Rents Slide on Drop in DemandOffice rents declined throughout the U.S. as business slowed and landlords grappled with a growing expanse of empty space. General Growth Switches CounselGeneral Growth changed its bankruptcy counsel to Weil Gotshal, parting with Sidley Austin. |
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