FREE UK Classifieds

FRANKFURT (Thomson Financial) - Commerzbank AG has bundled its real estate investment activities into a newly-formed entity, Commerz Real AG, its chief executive Hubert Spechtenhauser told Handelsblatt.

LAS VEGAS (AP) - American Real Estate Properties Corp., a unit of financier Carl Icahn's American Real Estate Partners LP, announced Monday it will sell the Stratosphere and three other southern Nevada casinos to an affiliate of Goldman Sachs for $1.3 billion.

A delegation of leading academicians from the National University of Singapore (NUS) last week held talks with officials from the Dubai Real Estate Institute (DREI), the region's first specialized academic institute for real estate studies.