Kimco Realty is the latest real-estate developer to consider pulling out of a project in the predominantly African-American and Hispanic community in upper Manhattan.

The deal saved the Four Seasons San Francisco from possible foreclosure. Westbrook also got controlling stakes in Millennium's Four Seasons Miami and Ritz-Carlton Boston.

Jones Lang LaSalle, a global commercial-real-estate services company, hired away a team of bankers from industry leader CB Richard Ellis Group.

The provider of outsourced office space in Europe has seen the recession put pressure on occupancy and pricing, damping earnings.