Vornado, Reliance form retail venture in India - Forbes
Vornado Realty Trust said Wednesday it has formed a joint venture with India’s Reliance Industries Ltd. to invest in shopping centers in India. Vornado, a Paramus, N.J.-based real estate investment trust, and Reliance will each commit up to $250

Builder Urban Joins Failures Of Japan’s Real-Estate Sector - Wall Street Journal
TOKYO — Japanese property developer Urban Corp. filed for court-led rehabilitation Wednesday when it collapsed with 255.83 billion yen ($2.34 billion) in liabilities, becoming the nation’s biggest corporate failure so far this year. The Hiroshima

Joint Leads Japan Realtor Shares Down as Urban Fails (Update2) - Bloomberg
Aug. 14 (Bloomberg) — Joint Corp. and Creed Corp. led a slump in Japanese real estate shares after developer Urban Corp. filed for bankruptcy protection with $2.35 billion in debt, the biggest corporate failure in the country this year. Joint Corp

Hypo Real Estate 2Q net profit drops to $41.7M - MSN MoneyCentral
FRANKFURT, Germany (AP) - Hypo Real Estate AG said Wednesday its net profit for the second quarter was down 28 percent because of “unfavorable market conditions” related to the private real estate crisis in the U.S., and subsequent financial market