General Growth Properties has reached a deal to sell its third-party management division--a unit that manages 18 regional malls and community centers--to Jones Lang LaSalle for an undisclosed price. The deal adds more than 11 million square feet...
After federal regulators told banks to work out struggling real estate loans whenever possible in the fall of 2009, they are beginning to mull whether that was a mistake. That's because too many banks have been following their recommendations in...