Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

BofA Ends Overdraft Fees on Debit Buys
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations.

Apollo Signs Citigroup Deal
Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty.

European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.

General Growth Lines Up More Capital
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.