CMBS Market Begins to Show Fissures
The market for debt used to finance commercial real estate tumbled on worries about rising defaults for commercial mortgage-backed securities.

Global Crisis Douses Hawaii Tourism
High fuel prices, the bankruptcy filings of Aloha and ATA, and the nationwide slump in consumer confidence have slammed Hawaii's tourism industry.

Companies in Europe Batten Down Hatches
Many European real-estate companies are not only disclosing weaker results but also announcing new business strategies designed to ride out the recession.

Future of Fannie, Freddie Debated
Debate is heating up on the future of Fannie Mae and Freddie Mac as they struggle with heavy losses and investors continue to shy away from their debt.

Feldman's End Game
Distressed-mall buyer Feldman may have found a way to ease its own distress without declaring bankruptcy. But few, if any, investors will come out whole.