A high-profile British developer has defaulted on a $365 million loan for prime land it bought in Beverly Hills as part of a plan to build luxury con read more »
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Many lenders will endure unanticipated struggles in coming years as the souring economy pushes commercial real-estate projects into default on loans. read more »
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Westfield Mall, the largest mall in a European city, opens Thursday, but its timing couldn't be worse. Britain's economy is sliding into a recession. read more »
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Activist investor William Ackman proposed spinning off the land Target owns under its stores into a separate real estate investment trust. read more »
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Wynn Resorts is moving ahead on a $2.3 billion Las Vegas resort at a time when rival casino companies are pulling back on projects. read more »
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