Commercial Real Estate Management and Development

Investors shrug off best jobs report in 5 months; weeklong stock rally loses steam. Stocks struggled to end barely higher Friday after a blowout report on job creation failed to extend a powerful rally this week driven by the Federal Reserve's latest plan to pump up the economy.

Health care facility operator Sun Healthcare Group Inc. said Friday shareholders have approved its restructuring plan, which will separate Sun into two publicly traded companies.

NEW YORK/WASHINGTON (Reuters) - The Federal Deposit Insurance Corp has sued 11 former executives and directors at a failed Illinois bank as part of its effort to recover as much as $2 billion of losses suffered by its deposit insurance fund during the financial crisis.

NEW YORK (Reuters) - General Growth Properties Inc <GGP.N> named Sandeep Mathrani, Vornado Realty Trust's <VNO.N> former president of its retail unit, to become the No. 2 U.S. mall owner's new chief executive officer after it emerges from bankruptcy next month, the company said on Thursday.

NEW YORK (Reuters) - General Growth Properties Inc <GGP.N> is close to reaching a final agreement with Sandeep Mathrani, Vornado Realty Trust <VNO.N> vice president, to become the No. 2 U.S. mall owner's new chief executive officer once it emerges from bankruptcy next month, a source familiar with the situation said.

NEW YORK (Reuters) - Mall owner General Growth Properties Inc <GGP.N>, which was cleared on Thursday to exit bankruptcy, is negotiating to hire Vornado Realty Trust <VNO.N> executive Sandeep Mathrani to be its next chief executive, the Wall Street Journal reported, citing people familiar with the matter.

Ventas to buy Atria real estate assets for $1.5 billion, assume $1.6 billion in debt. Ventas Inc. said Friday it is buying the real estate assets of Atria Senior Living Group for $1.5 billion in cash and stock, giving it a portfolio of 118 homes located in wealthy coastal regions.

Virgin Galactic's Branson in NM to celebrate next step toward commercial space flight. Virgin Galactic's Sir Richard Branson, New Mexico Gov. Bill Richardson, prospective astronauts and dozens of others interested in making commercial space travel a reality are gathering in the New Mexico desert to mark a major milestone.

Virgin Galactic's Branson in NM to celebrate next step toward commercial space flight. Virgin Galactic's Sir Richard Branson, New Mexico Gov. Bill Richardson, prospective astronauts and dozens of others interested in making commercial space travel a reality are gathering in the New Mexico desert to mark a major milestone.

"The income tax department today issued an order raising a tax demand of 112.17 billion rupees (2.53 billion dollars) on Vodafone International Holdings BV," owned by Vodafone Group Plc, the tax office said in a statement.

Consortium led by Hochtief gets $1B deal to build new access road to Golden Gate Bridge. German construction company Hochtief AG says a consortium led by its U.S. subsidiary will build a new access road to San Francisco's Golden Gate Bridge in a $1 billion deal.

Judge approves General Growth's plan to emerge from Chapter 11 bankruptcy protection. General Growth Properties Inc. said Thursday a bankruptcy judge has approved its reorganization plan, clearing the way for the nation's second-largest shopping mall owner to emerge from Chapter 11 bankruptcy protection early next month.

NEW YORK (Reuters) - General Growth Properties Inc's <GGP.N> reorganization plan was approved on Thursday, paving the way for the mall operator to exit bankruptcy a year and a half after it was brought to its knees under billions in debt it could not refinance.

Summary Box: Diversified manufacturer Eaton posts 3Q profit, revenue gains. RISING SALES: Diversified manufacturer Eaton Corp. reported a 39 percent surge in its third-quarter profit as core sales rose. The company is running ahead of performance forecasting despite the still-struggling nonresidential construction sector.

Fluor sees delays on UK wind project significantly impacting 3rd-quarter results. Shares of Fluor Corp. slid more than 5 percent Monday after the company announced cost increases at a wind project off the coast of the United Kingdom.

SINGAPORE (Reuters) - Singapore wealth fund GIC's logistics unit GLP surged as much as 12 percent on its debut on Monday, as Asia's ninth-biggest public offering this year attracted investors due to its China exposure.

Washington State Patrol manager detects job applicant trying to cheat polygraph test. A Washington State Patrol manager arriving at the Olympia headquarters for a meeting noticed a book on the seat of a parked car about "how to beat the lie detector." The Patrol said Criminal Records Manager Heather Anderson called the Human Resources division last Wednesday and was told a job candidate was in the process of taking a polygraph exam.

BOSTON (Reuters) - Hedge fund manager William Ackman is placing a big bet that Americans will start shopping again by taking large stakes in shares of retailer JC Penney Co Inc <JCP.N> and consumer goods manufacturer Fortune Brands Inc <FO.N>.

Activist investor William Ackman discloses 17 percent stake in J.C. Penney. Activist investor William Ackman on Friday has taken big stakes in department store chain J.C. Penney Co. and Fortune Brands Inc., which owns brands such as Jim Beam bourbon and Titleist golf equiment.

NEW YORK (Reuters) - General Growth Properties Inc <GGP.N> on Friday named the board of its future spin-off company and appointed hedge fund manager William Ackman to become its chairman when the mall owner and property developer emerges from bankruptcy.