Here is the latest commercial real estate news from the Wall Street Journal:


Wall Street Journal Commercial Real Estate News:
 
Fortis Sues Lender Kennedy in Debt Case
3/11/2010 8:42 AM
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed....Read More
 
European REIT Rollout at Hand
3/10/2010 8:58 AM
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand....Read More
 
General Growth Debt Bet Pays Off
3/10/2010 9:03 AM
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents....Read More
 
Marriott Expands in Europe
3/9/2010 7:10 AM
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan...Read More
 
Farkas Closes Deal to Buy Centerline
3/8/2010 8:36 AM
The New York real-estate investor will buy one of the nation's largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline's debt...Read More
 
U.K. REIT Plans IPO
3/8/2010 5:11 AM
Metric Property Investments hopes to raise £150 million in an IPO on the London Stock Exchange's main market as it seeks to take advantage of the sharp downturn in property values....Read More
 
China Vanke's Property Sales Slip
3/7/2010 10:15 AM
China's largest property developer by market share said sales fell in February for the first time in 11 months. The slowdown was anticipated after the government introduced measures to cool off the real-estate market...Read More
 
Trust Not Enough for Integrity Bank
3/3/2010 8:40 PM
The FDIC is investigating loan practices at Georgia's Integrity Bank, which was seized in 2008 after loaning all its capital to the owner of Casa Madrona Hotel & Spa in California...Read More
 
Banks Begin to Rein In Branch Boom
3/3/2010 2:00 PM
Say goodbye to the building boom that made it seem like there was a bank branch on every corner. The total number of branches in the U.S. is on pace to decline for the first time since 2002...Read More
 
General Growth Wins Plan Extension
3/4/2010 2:59 PM
A federal judge hearing mall owner's bankruptcy reorganization grants it four more months of exclusive control over its fate, against the objection of some suitors and creditors. ...Read More




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