General Growth Wins Key Extension

General Growth Properties won a two-week extension of its deadline to pay a $900 million debt.

General Growth Debt Negotiations Continue

General Growth’s deadline to pay its $900 million in debt passed without an accord of new terms, setting the stage for a potential default.

Real-Estate Downturn Hurts Dubai’s Ad Market

The global economic decline has put a damper on Dubai’s real-estate market. Now, the boomtown’s nascent advertising boom is feeling the effects.

Sites Vie to Offer Bulk Sales of Foreclosures

Entrepreneurs are rushing to set up online marketplaces in an attempt to cash in on the market for bulk sales of foreclosed homes.

Home Builders Hammer FDIC

Home builders are railing against the FDIC, saying the agency is cutting off construction financing from seized banks and demanding early repayment of current loans.

Dallas Retail Sector Comes Under Pressure

The Dallas-Fort Worth region’s retail sector is under pressure. Developers have bet big on its increasing population and the economy’s links to the energy sector.

Fed Aid Sets Off a Rush to Refinance

The Federal Reserve’s attempt to stabilize the housing market set off a chain reaction that dropped rates and spurred a burst of refinancing activity by borrowers eager to lower mortgage costs.

Perot Fund Liquidates as Debt Bets Turn Sour

The record plunge of the commercial real-estate securities market has claimed its first major casualty: a $1.5 billion fund with investors including Ross Perot.

Ackman the Contrarian

Activist investor William Ackman sees something in debt-laden mall owner General Growth Properties that most others don’t.

U.K. Property Firms Reveal Details

One consolation is emerging as the stocks of property companies get pounded: some firms are more willing to disclose the details of their financings.

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