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Calpers Weighs Booting BlackRock

News  |  online.wsj.com | 1 hour 9 minutes ago

Calpers is leaning toward dumping BlackRock as a real-estate adviser after a disastrous apartment-complex investment.

http://online.wsj.com/article/SB10001424052748703819904574556254124923472.html?mod=residential_real_estate

Fitz Casino parent files for Chapter 11 bankruptcy

News  |  memphis.bizjournals.com | 2 hours 51 minutes ago

The Majestic Star Casino LLC plans to continue long-standing negotiations with its secured lenders and note holders, according to a statement released today by the company. According to a 10-K SEC filing from Majestic Star this spring, the company had $579.7 million in long-term debt.

http://memphis.bizjournals.com/memphis/stories/2009/11/23/daily14.html?s=industry&i=travel

Icahn-led group to bid for Fontainebleau Las Vegas

News  |  southflorida.bizjournals.com | 2 hours 52 minutes ago

Scott Baena, the Bilzin Sumberg Baena Price & Axelrod attorney representing Fontainebleau Las Vegas, confirmed the selection Tuesday. Nevada Gaming’s bid consists of about $51 million to cover several costs, including asset maintenance and a cash payment of $105 million, Baena said.

http://southflorida.bizjournals.com/southflorida/stories/2009/11/23/daily23.html?s=industry&i=commercial_real_estate

Twin City Ambulance buys Amherst site

News  |  buffalo.bizjournals.com | 3 hours 44 minutes ago

Twin City bought the 555 Commerce Drive Building, located in the Audubon Business Park, from Ciminelli Development Co. Partnership II. Twin City paid $880,000 for the 30,000-square-foot building.

http://buffalo.bizjournals.com/buffalo/stories/2009/11/23/daily26.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+bizj_national+%2528Bizjournals+National+Feed%2529

Doyle leaves UP for Notre Dame

News  |  portland.bizjournals.com | 3 hours 52 minutes ago

Thomas P. Doyle, executive vice president at the University of Portland, will leave his post to become vice president for student affairs at the University of Notre Dame. The change will take effect June 30. Doyle has been at the University of Portland since 2004.

http://portland.bizjournals.com/portland/stories/2009/11/23/daily23.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+bizj_national+%2528Bizjournals+National+Feed%2529

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Denver opens Five Points business-development office

News  |  denver.bizjournals.com | 5 hours 55 minutes ago

The city of Denver Tuesday opened a new Five Points Business Development Office, with Mayor John Hickenlooper and Councilwoman Carla Madison on hand for the event.

http://denver.bizjournals.com/denver/stories/2009/11/23/daily36.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+vertical_51+%2528Construction+Industry+News%2529

Report: 8% of Hawaii mortgages are 'underwater'

News  |  pacific.bizjournals.com | 6 hours 10 minutes ago

2 percent of homeowners in Hawaii owed more on their mortgages in the third quarter than their homes were worth, according to third-quarter data released Tuesday.

http://pacific.bizjournals.com/pacific/stories/2009/11/23/daily21.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+vertical_54+%2528Residential+Real+Estate+Industry+News%2529

Sands China IPO Raises $2.4B

News  |  www.globest.com | 7 hours 1 minute ago

LAS VEGAS-Las Vegas Sands Corp. ends up pricing the shares at the bottom of the expected range. Sands China Ltd. will list on the Hong Kong stock exchange on Nov. 30.

http://www.globest.com/news/1544_1544/lasvegas/182346-1.html?sector=retail

Local investors buy Eastgate Shopping Center

News  |  wichita.bizjournals.com | 7 hours 42 minutes ago

Christian Ablah, of Classic Real Estate, is a member of the investment group and helped broker the deal. Equity Bank is financing it. A purchase price wasn’t disclosed. The investment group also includes Wichita developer Mike Boyd.

http://wichita.bizjournals.com/wichita/stories/2009/11/23/daily17.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+bizj_national+%2528Bizjournals+National+Feed%2529

Wells takes deed on big Georgia development - San Francisco Business Times:

News  |  sanfrancisco.bizjournals.com | 7 hours 44 minutes ago

Frederica is a residential and golf community about 320 miles southeast of Georgia where lots sold for $2 million at the market’s peak in 2005 and 2006.

http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/11/23/daily21.html?s=industry&i=banking_financial_services

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