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New Resorts Owners Roll Dice
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9/1/2010 2:22:04 PM WSJ.com: Commercial Real Estate
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Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.
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Citigroup Gets Burned in the Caribbean
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9/2/2010 10:48:02 PM WSJ.com: Commercial Real Estate
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The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.
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Corio's Turkish Strategy Stumbles
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9/1/2010 5:47:02 AM WSJ.com: Commercial Real Estate
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The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions.
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Help for Hyatt Isn't Enough
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8/31/2010 5:57:03 PM WSJ.com: Commercial Real Estate
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A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.
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Kerry Buys Luxury Hong Kong Site
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8/31/2010 2:19:02 PM WSJ.com: Commercial Real Estate
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Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction.
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Simon Closes Purchase of Prime Outlets
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8/30/2010 6:37:02 PM WSJ.com: Commercial Real Estate
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Simon Property Group said that it closed on its acquisition of Prime Outlets, which had come under FTC scrutiny for possible antitrust concerns.
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On Horizon, New Manhattan Skyline
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8/30/2010 3:58:00 PM WSJ.com: Commercial Real Estate
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The approval of an office tower near the Empire State Building is a reminder that New York is poised for a wave of new skyscrapers -- if the economy cooperates.
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Singapore to Damp Property Market
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8/30/2010 1:02:01 PM WSJ.com: Commercial Real Estate
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Singapore announced measures to cool off the property market as the island state's rapid economic recovery fuels prices.
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Toll Is Back in the Black
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8/26/2010 9:53:02 AM WSJ.com: Commercial Real Estate
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Shares of luxury builder Toll Brothers climbed following a surprise fiscal third-quarter profit, its first in nearly three years, as revenue fell far less than analysts expected.
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Henderson Land's Underlying Profit Falls
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8/26/2010 10:13:00 AM WSJ.com: Commercial Real Estate
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Henderson Land Development's underlying first-half net profit fell 37% due to losses stemming from the cancellation of some property sales.
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The Lakes on Post Oak Inks Two Leases
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8/31/2010 1:23:00 PM Jennifer Duell Popovec Houston
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HOUSTON-The class A office property in the Galleria area reaches 90% occupancy by signing two leases totaling 17,851 square feet.
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Medco to Lease 46,000 SF in Round Up
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8/30/2010 GlobeSt News Hub Houston
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HOUSTON-Medco Medical Supply has inked a lease for 46,000 square feet of space in the 12-acre Round Up Business Park owned by Liberty Property Trust, who bought the park from Caldwell Cos. in July 2010.
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Developer Sues M-I SWACO Over Oil Spill
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8/27/2010 GlobeSt News Hub Houston
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HOUSTON-St. Joe Co., a developer based in Florida has sued M-I SWACO, a drilling fluid contractor, claiming that the oil spill caused by the oil services company's negligence in duty has caused a dip in the value of the developer's Panhandle property spanning 577,000 acres.
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Hotel Niagara To Be Auctioned Off
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8/27/2010 GlobeSt News Hub Houston
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NIAGARA FALLS, NY-A troubled 12-story landmark at the Niagara Falls will go under the hammer next month.
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Nordstrom Rack to Open in Sugar Land
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8/26/2010 11:38:00 AM Jennifer Duell Popovec Houston
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SUGAR LAND, TX-The Market at Town Center adds another value-oriented retailer to its lineup - Nordstrom Rack.
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Rowan Renews 78,841 SF in Williams Tower
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8/26/2010 11:05:00 PM Jennifer Duell Popovec Houston
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HOUSTON-Rowan Cos. Inc. decides to stay put in the 1.5 million-square-foot, 64-story tower located in the Galleria submarket.
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TGS-Nopec Expands HQ to 68,000 SF
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8/25/2010 1:44:00 AM Robert Carr Houston
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HOUSTON-The geo-science data firm renewed and added about 8,000 square feet at CityWest, a 92%-occupied tower in the Westchase district.
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