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More real estate woes for CalPERS (San Francisco Chronicle)

More bitter pills for the state's pension funds to swallow. The California Public Employees' Retirement System on Wednesday pulled out of an $800 million Boston condo and hotel complex, called the Columbus Center, which, as reported last week, was on...

Pennsylvania Real Estate Investment Trust Reports Fourth Quarter and Full Yea...

PHILADELPHIA----Pennsylvania Real Estate Investment Trust today reported results for the quarter and full year ended December 31, 2009. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP measure are...

Tower, French market win big at real estate show (Chicago Sun-Times)

A new office tower along the Chicago River and a market for independent food sellers received top honors Thursday night at the annual Chicago Commercial Real Estate Awards, considered the Oscars of the industry. Honorees for work during 2009 included...

IRS: Higher standard deduction for real estate taxes (The Advertiser-News)

The IRS wants taxpayers who pay state or local real estate taxes but don?t qualify to itemize their tax deductions, to know that they may qualify for an increased standard deduction. This is the last year that the higher standard deduction for real e...

California public pension funds take new hits on real estate investments (The...

California's two big public pension funds took fresh hits to their troubled real estate portfolios this week, suggesting the fallout from the real estate bubble hasn't completely run its course.

WSJ.com: Real Estate

Helmsley Estate Sells Manhattan Hotel

The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon Co. and Extell Development for about $170 millio...

Fortis Sues Lender Kennedy in Debt Case

Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their pa...

European REIT Rollout at Hand

With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be a...

General Growth Debt Bet Pays Off

A handful of investors dug to the bottom of the discount bin and snapped up General Growths convertible bonds at three cents on the dollar. They now t...

Marriott Expands in Europe

Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the companys plan.

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