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RESTON, VA (MARKET WIRE) Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) and certain of its subsidiaries (collectively "Comstock" or the "Company") today announced that on Friday, August 29, 2008 it had entered into a foreclosure agreement ("Agreement") with Branch Banking and Trust Company ("BB&T") with respect to approximately $32.7 million of the Company's $144.0 million of secured debt. Under the terms of the Agreement, the Company agreed to cooperate with BB&T with respect to its foreclosure on certain of the Company's real estate assets and BB&T agreed to provide the Company a full release

Gulfport, Miss., was spared the full fury of Hurricane Gustav. It's also showing new signs of recovering from Katrina.

Frustrated property investors haven't given up on Central and Eastern europe as the U.S.-led economic slowdown has begun to hit emerging markets.

A mix of easy money and land speculation helps show why Lehman is scrambling to pare back its $40 billion commercial real-estate portfolio.

Post Properties plans to sell property and use the proceeds to buy back stock, reduce debt and, potentially, issue a special dividend to shareholders.

Editor's Note: CoStar Group has launched a new column by Senior News Editor Randyl Drummer on significant land sales, transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. From land positions...

First Horizon National Corp. said late Tuesday it expects total charge-offs from bad loans to be $100 million above previous estimates for 2008. (FHN)

Shutterfly Inc., an Internet-based social networking and publishing company from California, has signed a leased for roughly 101,000 square feet of office and warehouse space at the Cotton Center Business Park near 48th Street and Broadway, southeast of Phoenix Sky Harbor International Airport. (LRY)

The North Creek Parkway Center in Bothell has sold for $41.1 million, or nearly $200 per square foot.