Kb Bails Out of L.A. Live Hotel Project Aeg Left to Develop Billion- Dollar Complex
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By RICK ORLOV\\ Staff Writer  The second major firm backing a Los Angeles Convention Center hotel withdrew Friday, leaving only Anschutz Entertainment Group to develop two luxury hotels and condominiums touted as key to the $2.5 billion l.a. live complex.
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ABU DHABI: For the second day running, a German company walked away with the lion's share of contracts announced by the UAE at a major arms show in Abu Dhabi.
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HONG KONG-The government here has cancelled the $2.7-billion initial public offering for Link REIT, which would have privatized 180 retail malls and car parks on public housing estates through a quoted REIT.
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METRO Pacific Corp has confirmed that its remaining 10-hectare property in Fort Bonifacio in metropolitan Manila, as well as 20 units in its condominium Pacific Plaza Towers, have been foreclosed by lender Metropolitan Bank &amp; Trust Corp (Metrobank).
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A group of investors, including Goldman Sachs Capital Partners, is taking a minority stake in the hotel company for $1 billion.
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Vornado Realty Trust  said on Wednesday it has terminated its cash and stock proposal to acquire Equity Office Properties Trust , paving the way for private equity firm Blackstone Group to take over the top U.S. office landlord for $23 billion.
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The Blackstone Group began to dismantle its new portfolio of office buildings, the largest in the country.
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Harrahâs, the worldâs largest casino company, was near a deal last night to be sold to Apollo Group and Texas Pacific Group.
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Several projects planned in the next few years will end a relatively dry spell in hotel development in Brooklyn.
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Real estate investment trust Maguire Properties Inc. agreed to buy the Orange County and Downtown Los Angeles properties formerly owned by Equity Office Properties from private equity firm Blackstone Group for about $2.88 billion, the company said on Tuesday.
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By Steve Brown, The Dallas Morning News  Mar. 7--Dallas developer MGHerring Group said Tuesday that it will team  up with Koll Development Co. to build a 181-acre mixed-use complex in Allen.
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Vornado is withdrawing its bid to take over the nation's largest office landlord.
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KB Home, one of the nation's biggest builders, yesterday posted an unexpectedly large $772.7 million quarterly loss as industry experts predicted more dismal results from other builders in coming weeks and said a turnaround in the housing market may not come until 2009 or beyond.
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A wireless startup company that planned to build a national public safety communications system has apparently bailed out of the upcoming airwaves auction, a move that creates doubt about the future prospects for the network.
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Sport: Football: Club pulls the plug on potential takeover deal with Hong Kong businessman
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A group of Los Angeles investors including former basketball star Earvin "Magic" Johnson announced yesterday the purchase of the Hilton Washington, a landmark hotel just north of Dupont Circle that has for decades played host to some of official Washington's biggest affairs.
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Alan Leventhal's Midas touch didn't work on one property in Boston. The Boston real estate executive and his firm Beacon Capital Partners LLC, which has made a bundle buying and selling big commercial properties such as the John Hancock Tower, unloaded a loser yesterday for $19 million less than it paid for it.