WSJ PROPERTY REPORT: August, 2006

Apartment Development Heats Up on U.S. Coasts : Many multifamily real-estate investment trusts have been ramping up their development pipelines, but increasingly are building in only a handful of U.S. cities along the coasts.

Hotel Construction Mounts A Strong Comeback : After several years of restraint, hotel building is coming back.

Hongkong Land Revenue Rises By 15% in the First Six Months : Hongkong Land Holdings Ltd., which owns prime office buildings in Hong Kong's Central business district, reported that net profit for the first half fell 23% to US$923 million from $1.2 billion a year earlier.

Slowing Sales Foretell Weakening Despite Rise in Mall Rents : Rents at shopping malls rose in the second quarter at their fastest clip in nearly three years, and strip malls posted solid increases as vacancies decreased in both sectors, a survey shows.