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Mirvac swings to $1bn loss
MIRVAC Group has swung to a full-year net loss of $1.08 billion after writing down the value of property assets.
The Australian Tuesday, August 25, 2009

UBS poaches JPMorgan property team
UBS has moved quickly to replace its real estate investment team by picking up Tim Church and seven colleagues from JPMorgan.
The Australian Tuesday, August 25, 2009

Centro still uncertain
CENTRO remains uncertain whether the worst is behind it after its retail trust yesterday racked up a $2.68 billion full-year loss.
The Australian Tuesday, August 25, 2009

Mirvac hopeful after loss
PROPERTY group Mirvac has reported a net loss after tax of $1.08 billion for 2008-09 but forecasts a lift in earnings this year.
The Australian Tuesday, August 25, 2009

Rises in sea level to cut development
PARTS of the Queensland coastline will be declared off-limits for development under a coastal planning policy released yesterday that claims sea levels will rise 80cm over the rest of this century.
The Australian Tuesday, August 25, 2009

Advisory board cuts ties
LAST week's board shake-up at troubled property group Trinity appears to have done little to assuage concerns of key institutional investors, with the independent advisory board yesterday announcing it had cut ties with the group as it gears up to run a public tender to remove Trinity as manager of $800m of unlisted property trusts.
The Australian Tuesday, August 25, 2009

Hotel Receivers Earn Rich Rewards
The growing wave of U.S. hotels defaulting on their debt has spawned a growth industry for companies that oversee and operate hotels seized by lenders.
Real Estate Journal Tuesday, August 25, 2009

Now Malibu Finally Has a City Hall
Many communities have been laid low by the financial crisis and housing bust, but in Malibu, Calif., it has presented a golden opportunity.
Real Estate Journal Tuesday, August 25, 2009

Shadow inventory dents home prices
ROBERT Shiller, who helped develop a closely watched house price index, says it's too soon to call a turning point in US home prices
The Australian Tuesday, August 25, 2009

Charter Hall in the red
CHARTER Hall, the property funds manager and developer backed by billionaire shopping centre owner John Gandel, has reported an $82.2 million loss for the year ended June 30 and has flagged a fall in earnings in the months ahead.
The Australian Tuesday, August 25, 2009

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