Mall Stores Try to Shrink
Chastened by the recession, mall-based apparel retailers like Gap and AnnTaylor are poring over their real-estate portfolios, looking for stores they can shrink, in a bid to increase profit.

Extended Stay Switches Bedfellows
Barry Sternlicht, best known for founding boutique W Hotels, has persuaded Extended Stay to spurn its other suitors and back his bid to take the hotel chain out of bankruptcy-court protection.

Brookfield Wagers on D.C.
Brookfield Properties is eyeing a collection of about 20 buildings in or near Washington that fell into default last summer.

Hong Kong Lowers Threshold for Property Sales
Lawmakers approved a measure that will force holdout owners to sell apartments to a developer that buys at least 80% of a building's units. The new rule is expected to put prime real estate in play for development.

Simon Readies New Bid for GGP
Simon Property is readying a sweetened takeover bid for bankrupt rival General Growth that would top an offer on the table from several General Growth investors.

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