Mar 16th, 2010 · Sony Music has signed a historic $250 million deal with pop singer Michael Jackson's estate for previously unreleased music and the late singer's catalog. Ethan Smith, the music industry reporter for The Wall Street Journal, says it's hard to say what's in the archives, but there could be two albums worth of songs.
Mar 16th, 2010 · Even in death, Michael Jackson is breaking new records. The King of Pop's estate has signed the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years, according to a person familiar with the deal.
Mar 4th, 2010 · For $1, anyone can own a square-inch corner of this Rust Belt town. Real estate developer Jerry Paffendorf has "inchvestors" from as far away as Australia. It operates like a SimCity computer game, except buyers get real land. Some locals hate the idea.
Mar 2nd, 2010 · When the real estate market plummeted, banks all over Georgia began failing. In the Atlanta area alone, nearly half of the banks are under federal or state regulatory orders to raise more capital. As a result, many aren't making new loans to small businesses.
Mar 1st, 2010 · Theodore Cross followed many passions over his 86 years: He was a real estate lawyer, a publisher, a White House adviser and a leading spokesman for black economic development. But it was his love of waterbird photography that took him on expeditions around the globe.
Mar 1st, 2010 · Construction spending fell for a third straight month in January, according to the Commerce Department. A rebound in housing wasn't enough to offset widespread weakness in a number of commercial real estate areas including buildings and hotels.
Feb 11th, 2010 · Over the next several years, failed commercial real estate loans could litter American cities with empty stores and office complexes, cause hundreds of bank failures and weaken the economy, a watchdog report says. Banks face up to $300 billion in losses on loans made for commercial property and development, according to the report.
Feb 3rd, 2010 · The defaulting on loans last week by the owners of the two largest apartment complexes in New York served as a vivid reminder of the weakness of the commercial real estate market. The downturn in commercial real estate could ripple throughout the economy.