Last Updated: November 28, 2011 01:47pm ET

Morgans, Walton Sell Hotels for $300M

By Robert Carr

LONDON-The joint venture transaction will allow New York City-based Morgans to buy a Las Vegas-based hospitality management firm for $46.5 million.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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