The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty.

Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations.

With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.

Just in time for the spring house-hunting season, smart-phone applications that provide information to home buyers are proliferating.

Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.

A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.

Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.

The New York real-estate investor will buy one of the nation's largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline's debt.

Press Release

Metric Property Investments hopes to raise £150 million in an IPO on the London Stock Exchange's main market as it seeks to take advantage of the sharp downturn in property values.

Aerosmith drummer Joey Kramer sells his house for $2.7 million; a Los Cabos, Mexico, property linked to Edra Blixseth goes on the market and Larry Hagman cuts the price of his Ojai, Calif., estate.

A look at homes in Pennsylvania, New York and Massachusetts that come with a turret or two.

A federal judge hearing mall owner's bankruptcy reorganization grants it four more months of exclusive control over its fate, against the objection of some suitors and creditors.

Press Release

The FDIC is investigating loan practices at Georgia's Integrity Bank, which was seized in 2008 after loaning all its capital to the owner of Casa Madrona Hotel & Spa in California.

Say goodbye to the building boom that made it seem like there was a bank branch on every corner. The total number of branches in the U.S. is on pace to decline for the first time since 2002.

Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.

Land & Houses plans projects that could fetch as much as $942 million this year, though it cautioned about the country's uncertain political climate.

The former hotel near Times Square has become the latest Dubai World investment to go belly up, and investors are looking to pick up the property at a discount.