Staff and Wire Reports

Michael Kojaian, the recently elected new chairman of the board at New York-based Grubb & Ellis, has strong incentive to push the real estate services company to higher levels of profitability and efficiency...

Retail REITs and mall REITs in particular need to improve the flow of information to their investors, according to Wall Street analysts. In a recent report titled "REIT Disclosure — Give the Owners What They Want,"...

Beleaguered REIT Konover Property Trust has finally sold after years of speculation. New Hyde Park, NY.-based Kimco Realty and New York-based Prometheus Southeast Retail (an affiliate of Paris-based Lazard) have...

New York-based Insignia/ESG has won The Real Estate Board of New York’s Most Creative Retail Deal of the Year award...

Standard & Poors announced it is making Indianapolis-based Simon Property Group the fourth real estate investment trust and the first retail-focused REIT to be included in the S&P 500 index. Though a specific...

On Tuesday, the U.S. Senate passed the Terrorism Risk Insurance Act of 2002 by an 84 to 14 vote. Under the provisions of the bill, S. 2600, the federal government would reimburse businesses for 90% of losses after the...

Bethesda, Md.-based Host Marriott Corp. has purchased the 1,139-room Boston Marriott Copley Place for $214 million. The price includes the assumption of $97 million in debt...

Cushman & Wakefield has won the Real Estate Board of New York’s "Retail Deal of the Year Award Which Most Significantly Benefits the Manhattan Retail Market" for its representation of Chicago-based Crate &...