High-Risk Strategies Hit Home

General Growth executives faced margin calls and sold portions of their holdings amid falling share prices.

Selling Well: ‘Outlet’ REITs

Stocks of REITs fared well in the quarter, especially those that had properties that attracted bargain hunters.

Help Wanted

Looking for work in commercial real estate? Then you’d be wise to flee New York for Texas.

Maguire Refinances to Reduce Debt

Maguire Properties completed a $100 million refinancing that will give the real estate investment trust breathing room in its efforts to reduce its overall debt.

Manhattan Property Could Strain Calpers

Calpers, already bruised from an ill-fated investment in California land, now faces more pain from buying into New York City apartment buildings at the top of the market.

Commercial-Property Pressures Grow

Cash-flow projections for commercial properties are being scaled back in anticipation of a greater economic slowdown.

General Growth Executives Sell Shares

The steep decline in the stock of General Growth Properties Inc. forced the mall owner’s executives to sell another 2.4 million shares of the stock this week to cover margin calls, according to filings with the Securities and Exchange Commission.

Philly Office Market Defies Curse

So far Philadelphia’s commercial real-estate leasing market has held steady in the midst of the economic carnage.

Cordish Nears Deal To Buy Tropicana

A conservator appointed by New Jersey to oversee the Tropicana Atlantic City Casino & Resort is negotiating to sell the property to Cordish Co. for $700 million. The New Jersey Casino Control Commission said Monday that Cordish, a Baltimore-based real-estate developer, would serve as the lead bidder in an auction for the casino. Meanwhile, the casino’s owner, Tropicana Entertainment LLC, is trying to reacquire the Atlantic City property. The company sought Chapter 11 bankruptcy-court protection in May after losing control of the casino, which isn’t part of the bankruptcy. The Tropicana is one of the largest casino-hotels in Atlantic City, with 2,129 rooms and nearly 140,000 square feet of gambling space. Late last year, the New Jersey commission placed the casino in the hands of conservator Gary Stein, a retired state Supreme Court justice, after finding Tropicana owner William Yung unfit to run the business.

Secretary Jackson on Senate Reform Passage

STATEMENT BY HUD SECRETARY ALPHONSO JACKSON ON PASSAGE OF FHA MODERNIZATION LEGISLATION BY THE U.S. SENATE

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