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Target rejects Pershing's real estate proposal (Washington Post)

NEW YORK (Reuters) - Target Corp on Friday rejected as "highly speculative" proposals made by hedge fund manager William Ackman that he said would unlock the value of its real estate and boost the discount retailer's sagging stock price.

11/22/2008

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-With developers canceling or postponing projects due to the downturn, Barnes & Noble has cut its planned store openings for 2009 and is carefully negotiating lease renewals, executives said at the company’s third-quarter conference call.

11/21/2008

(AFX UK Focus) 2008-11-21 22:32 UPDATE 1-Target rejects Pershing's real estate proposal (Interactive Investor)

NEW YORK, Nov 21 (Reuters) - Target Corp on Friday rejected a proposal made by activist hedge fund manager William Ackman that the discount retailer boost its stock price by spinning off a real estate investment trust into a company that would own the land underneath its stores. "Following a thorough review of the transaction outlined by Pershing Square ....the company has concluded that the ...

11/21/2008

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-Citigroup, which fell from first to fifth place among US banks as its stock market value has plunged more than 90% in two years, is reportedly considering a sale of parts or all of the company.

11/21/2008

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-Three proposals to develop 375,000 square feet of buildable space at Manhattan’s Pier 57 were made public on Thursday. The Hudson River Park Trust, which received the three plans in October in response to a June RFP , will review the proposals over the next few months.

11/21/2008

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-Citing a weakened economy and a $1.2-billion deficit that could reach $3 billion by 2012, the Metropolitan Transportation Authority on Thursday announced a 2009 budget that includes service cuts and fare hikes along with agency cost reductions.

11/20/2008

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-A height cap of 80 feet on new construction in Manhattan’s Lower East Side and East Village will be in effect as a result of a rezoning plan approved yesterday by the City Council.

11/20/2008

Real Estate Live (Washington Post)

Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi.

11/22/2008

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-Mercedes-Benz USA is replacing its existing West Side dealership with a $30-million, company-owned flagship store.

11/20/2008

Target shareholder revises real estate proposal (Washington Post)

NEW YORK -- Investor William Ackman offered some tweaks Wednesday to his plan aimed at increasing the value of Target Corp., saying as much as 20 percent of the real estate investment trust he was pushing for could be spun off in an initial public offering.

11/19/2008

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