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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.

Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.

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.

A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.

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.

Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction.

Simon Property Group said that it closed on its acquisition of Prime Outlets, which had come under FTC scrutiny for possible antitrust concerns.

The approval of an office tower near the Empire State Building is the latest reminder that New York is poised for a big wave of new skyscrapers -- provided the economy cooperates.

Singapore announced measures to cool off the property market as the island state's rapid economic recovery fuels property prices.

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.

Omni Hotels & Resorts plans to expand the Amelia Island Plantation by more than 100 rooms after prevailing in an auction this week to buy the bankrupt oceanfront resort in northeast Florida.

Henderson Land Development's underlying first-half net profit fell 37% due to losses stemming from the cancellation of some property sales.

The aviation and energy industries boosted Houston during the downturn, but the events of the last six months have injected a new uncertainty into the city's economy—and, by extension, the office market.

The owners of the iconic Las Vegas Hilton, Colony Capital and Whitehall Street Global Real Estate Limited Partnership, have anted up in order to stay put.

Like homeowners walking away from mortgaged houses that plummeted in value, some of the largest commercial property owners in the U.S. are defaulting on debts and surrendering to lenders buildings worth less than their loans.

The special servicer of the W New York-Union Square's mortgage is urging a bankruptcy judge to block a plan that would transfer ownership to Host Hotels & Resorts.

Two years ahead of the opening of the Berlin Brandenburg International Airport, investors are beginning to develop business parks, office buildings and hotels outside the airport in anticipation of demand by companies eager to be close to Berlin's new travel hub.

A weeklong rally in the stocks of home builders was cut short on Thursday after an analyst at Standard & Poor's Corp. downgraded four larger home builders.

Los Angeles hotel-and-nightclub entrepreneur Sam Nazarian finally is getting closer to debuting his hotel brand in South Beach, Fla., thanks to a $65 million recapitalization.

A local Hong Kong developer paid much more than expected for two prime residential sites in a closely watched government land auction.

Leon Heron is doubling down on the real-estate market around Corpus Christi, Texas, where his Live Oak Preserve development is stalled by lack of financing.

Office-leasing activity is rebounding, but tenants often are taking less space than before--due to fewer employees and using less space per employee.

A real-estate investment firm led by Joseph E. Robert Jr. is exploring a potential bankruptcy filing for Highland Hospitality that would mark yet another collapse of a major hotel company.

Judging by the latest European reports, growth in property values is rapidly slowing.

The developers of a luxury Chicago condominium project stalled by the credit crunch obtained a $170 million construction loan from a group of lenders led by Japan's Sumitomo Mitsui Banking.

Standard Pacific has entered a $150 million deal that gives the home builder the right to buy 468 acres of land in northern San Diego County over the next two years.

Lend Lease Group, Australia's largest property developer, swung to a full-year net profit on the absence of heavy writedowns that marred its previous result.

Forest Hills' famous tennis stadium in Queens, longtime home of the U.S. Open and site of rock concerts through the 1970s, could be going condo.

The cheering on Wall Street for ProLogis, the world's largest owner of warehouses and distribution properties, has become much more muted.

The lenders must deal with the state of New Jersey, which has made it clear that it might try to take control if the project isn't completed soon.