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Westfield rules out equity raising
WESTFIELD Group swung to a first-half net loss of $708 million today but said key markets in the US and Britain were stabilising.
The Australian Wednesday, August 26, 2009

Moscow scorched by slump
A GIANT plastic heart beats symbolically in the upper storeys of an unfinished office tower in Moscow's Moskva City business district. It is about the only sign of life in the Russian capital's troubled property market.
The Australian Wednesday, August 26, 2009

Westfield in $708m loss
Westfield Group is confident of an end to falling property values.
The Australian Wednesday, August 26, 2009

Centro debt headache causes loss
CRIPPLED Centro's latest losses have soared to a spectacular $6.22 billion after head stock Centro Properties Group yesterday booked a $3.54bn full-year loss.
The Australian Wednesday, August 26, 2009

Easy does it for the boring giant
THE Lowy family's Westfield Group is in a holding pattern, at least for the short term. No major new development until mid next year, no capital raisings and a wait-and-see attitude to acquisitions.
The Australian Wednesday, August 26, 2009

US new home sales rise sharply
THE US economic recovery gathered steam in July, according to better-than-expected reports on manufacturing and the housing market.
The Australian Wednesday, August 26, 2009

Westfield prices $US2bn in bonds
WESTFIELD Group has priced a $US2 billion ($2.4bn) two-part bond in the US market.
The Australian Wednesday, August 26, 2009

America's Most Expensive ZIP Codes
Prices slide, even in the glitziest neighborhoods.
Forbes Wednesday, August 26, 2009

REITs Are Poised to Pick Up the Pieces
While overleveraged private real-estate funds are gasping for money, public property companies are now poised to become more-dominant players.
Real Estate Journal Wednesday, August 26, 2009


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