Real Estate Management & Development

CB Richard Ellis Group, Inc. (NYSE: CBG) today announced that it has entered into definitive agreements to acquire the majority of the real estate investment management business of Netherlands-based ING Group N.V. (NYSE ING) for approximately $940 million in cash. The acquisitions include...

Just weeks after joining St. Joe's(JOE) Board, and days after proposing Charlie Crist as an additional Board Member, Fairholme's Bruce Berkowitz, whose fund owns over 30% of the company has resigned, effective immediately. Charles Fernandez, also of Fairholme resigned as well. The company, which...

Bruce Berkowitz of Fairholme has resigned from the board of St. Joe (NYSE: JOE), effective immediately, according to Bloomberg's Jon Erlichman

J.P. Morgan is out with a research report this afternoon, where it reiterates its neutral rating on Brookfield Office Properties (NYSE: BPO); it has a $17.00 price target on the stock. The JPM analysts cited the company's recent earnings release, noting that BPO reported 4Q FFO that was in line...

Consolidated-Tomoka Land Co. (NYSE: CTO), William H. McMunn, President and Chief Executive Officer of the Company, announced that he will be retiring effective December 31, 2011. William J. Voges, Chairman of the Board, said, "Bill McMunn has provided the leadership and long-term vision that has...

(TheStreet) -- Netflix (NASDAQ: NFLX), the best-performing S&P 500 stock over the past 12 months, recently eclipsed St. Joe (NYSE: JOE) to become the market's most contentious stock. Having more than tripled in the past year, Netflix has drawn criticism from value investors and been pitched as...

The St. Joe Company (NYSE: JOE) shares continue down today, losing another 1.6%, just a couple of days after the company announced it would be exploring strategic alternatives. Shares initially spiked higher yesterday in the morning on the news, but shares gave up all their gains and finished down...

Legendary investor Bill Ackman has joined the J.C. Penney (NYSE: JCP) board along with Vornado Realty CEO (NYSE: VNO) Steven Roth. Ackman spoke about what he would like to do with the 108-year old retailer at the Harbor Investment Conference last week, saying he sees vast potential for the...

Yesterday The St. Joe Company (NYSE: JOE) announced that it would be seeking strategic and financial alternatives, or in other words, a better way for its share price to move up. So why are shares down around 4% today, when they were up around 10% in pre-market trading? It could be that the shorts...

Northrop Grumman (NYSE: NOC) reports a strong EPS beat today, with earnings coming in at $1.27/share versus the Street consensus of $1.01/share. Despite this beat - the highest among any of the major defense contractors - the stock has not traded at different price levels than yesterday's close....

One Liberty Properties, Inc. (NYSE: OLP) today announced the pricing of a registered underwritten public offering of 2,700,000 shares of its common stock at a price to the public of $15.13. The underwriter has a 30-day option to purchase up to an additional 405,000 shares from One Liberty.

Jones Lang Lasalle (NYSE: JLL) recently beat earnings estimates. The beat was driven by lower-than-expected expenses. JLL's operating margin increased to 12.9% from 8.7% in 3Q. Revenue growth of 17% YoY was driven by capital markets and leasing activity. KBW is increasing its EPS estimates and...

JP Morgan has published a research report on Cousins Properties (NYSE: CUZ) after the company's land gains aided a 4Q beat. In the report, JP Morgan writes "CUZ reported 4Q FFO ex items that was $0.03 ahead of our estimate and $0.04 ahead of Bloomberg consensus. Unconsolidated land gains beat our...

Liberty Property Trust (NYSE: LRY) reported that funds from operations available to common shareholders for the fourth quarter of 2010 was $0.65 per share, compared to a loss of $0.14 per share for the fourth quarter of 2009. FFO for the fourth quarter of 2009 included a $94.5 million, non-cash...

One Liberty Properties, Inc. (NYSE: OLP) today announced that it is offering 2,700,000 shares of its common stock in an underwritten public offering. The underwriter will have a 30-day option from the date of the offering to purchase up to an additional 405,000 shares from One Liberty. One Liberty...