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Below are the latest real estate news headlines for buyers and sellers.
WSJ.com: Real EstateJ.P. Morgan Seizes Fund's Collateral J.P. Morgan seized tens of millions of dollars of collateral from a fund run by Guggenheim and started to auction it off following the fund's failure to come up with additional capital to meet margin calls.Read Article Thu, 04 Dec 2008 09:30:42 EST CNL to Buy Ski Resorts Real-estate investment trust CNL Lifestyle Properties is expected to announce that it will acquire three U.S. ski resorts for $132 million.Read Article Thu, 04 Dec 2008 20:00:43 EST Citi Gets Tough With General Growth Citigroup bought a 5.3% stake in General Growth even as it is playing tough in debt-extension talks. The mall owner faces bankruptcy if it can't extend a big loan with a group including Citi.Read Article Thu, 04 Dec 2008 22:18:28 EST Whitehall Funds Lose Their Luster Goldman's Whitehall family of real-estate funds is struggling with weak performance and potentially big losses.Read Article Thu, 04 Dec 2008 09:34:31 EST LandAmerica's Collapse Leaves Investors Looking for Cash The collapse of LandAmerica has left investors scrambling to recover money in what was supposed to be a short-term and low-risk arrangement.Read Article Tue, 02 Dec 2008 21:54:02 EST
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