Real Estate Management & Development

By Elizabeth Jia Not too long ago Bruce Berkowitz was a nobody. Now the man at the helm of Fairholme has dealt a stunning defeat for the legendary David Einhorn. Einhorn became famous due to his short bet against Lehman Brothers that prevailed. Berkowitz's Fairholme has been on the long side of St...

Market Vectors Egypt Index ETF (NYSE: EGPT) led the decliners among the ETFs on Tuesday, with a decrease of 5.67%. EGPT closed at $16.65, and it had a volume of 392K traded shares. Powershares DB Crude Oil Double Short ETN (NYSE: DTO) lost 4.52% as crude oil traded higher. DTO closed at $44.59,...

Jones Lang LaSalle (NYSE: JLL) today announced that it has merged operations with Keystone Partners, one of North Carolina's leading integrated real estate services firms. The four partners who founded Keystone Partners in 2001 — Chase Monroe, Brad Cherry, Pete Pittroff and Jim Thorp — will join...

Shares of Gramercy Capital Corp. (NYSE: GKK) are lower on the session by 1.67%, currently trading at $4.12. The stock has been moving largely higher over the past four months and is currently consolidating around the 50-day moving average. Options traders are buying calls on the name today. A...

Shares of Best Buy (NYSE: BBY) are slightly up today, gaining around 0.6%, but this is not indicative of the company's future. Pali research analyst Stacy Widlitz is on CNBC talking about how Best Buy had a slam dunk opportunity to grab market share, and missed it. When Circuit City filed for...

Gramercy Capital Corp. (NYSE: GKK) Files to Delay the Release of 10-K

Goldman Sachs has raised the Price Targets for CB Richard Ellis Group (NYSE: CBG) and Jones Lang LaSalle Incorporated (NYSE: JLL). Both companies' ratings have remained neutral. According to Goldman Sachs "We increase our 12-month target prices to $28 for CBG and $108 for JLL from $25 and $100,...

Jefferies recently went on the road with the Washington Real Estate (NYSE: WRE) management team and issued a report on their insight into the company. According to Jefferies, "We are maintaining our 2011 and 2012 FFO/sh estimates of $2.02 and $2.12. Our $35 12- month PT is derived via our dividend...

Orient Paper Inc (AMEX: ONP) shares advanced 21.80% to $5.81 at 10:00 am. ONP reported a 69.5% year-over-year surge in its Q4 net income. Iridium Communications Inc (NASDAQ: IRDMZ) shares surged 19.83% to $1.45. IRDMZ received a contract for Phase 3 development of the Distributed Tactical...

In a report published by Citi, Vornado Realty Trust's (NYSE: VNO) CEO, Mike Fascitelli, commented that it is easy to grow, but more difficult to get bigger and become more profitable. Citi said that despite a lack of deals over the last two years, mgmt is actively looking for ways to grow and is...

Deutsche Bank is maintaining its Buy rating and $17 price target on shares of E-House (NYSE: EJ). In a note to clients, Deutsche Bank writes, "E-House may continue to be hit by the government's tightening measures. However, we believe its asset-light model is the most defensive in the credit-...

China Housing & Land Development Inc (NASDAQ: CHLN) reported its Q4 EPS at $0.07, versus the consensus of $0.14. CHLN reported its Q4 revenue at $36.1 million, versus the consensus of $35.72 million. CHLN shares gained 4.26% to close at $2.45 on Friday. Read more from Benzinga's Company...

E-house (NYSE: EJ) reported 4Q10 revenue of US$125mn, up 41% and 7% QoQ and YoY, respectively, and non-GAAP net profit of US$21mn, up 59% QoQ but down 39% yoy and 21% below our previous forecast of US$26mn. On CRIC, management expects the strong top-line growth to continue and margin outlook to...

Thomas Properties Group, Inc. (NASDAQ: TPGI) has been awarded the property management contract by the owners of downtown Austin's 816 Congress building. This appointment adds to TPG's current responsibilities as leasing manager of the building and builds on TPG's successful customer service...

E-House (China) Holdings Limited (NYSE: EJ) reported its Q4 adjusted EPS at $0.25, versus the consensus of $0.28. EJ reported its Q4 revenue at $125.2 million, versus the consensus of $116.75 million. EJ shares fell 2.56% to close at $11.79 yesterday. Read more from Benzinga's Company news.