Last Updated: December 16, 2008 12:53am ET

Lend Lease Names McCann to CEO Position

By Robert Carr

SYDNEY, AUSTRALIA-Former CEO Greg Clarke had said he would stay for up to seven years. Steve McCann takes over next year, though it’s not clear where Clarke goes.

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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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