Affordable housing is said to do better than other real estate sectors in a bad economy because government subsidies are available and costs drop, but the credit crisis is taking its toll.

Most hotel projects that have not begun construction are likely to be canceled or delayed, an effect of the economic downturn and the credit crisis.

The company’s loss for the quarter was $89 million, or 56 cents a share, compared with a loss of $513.9 million, or $3.25 a share a year earlier.

A former chief executive of the construction company KBR Inc. pleaded guilty to federal bribery and kickback charges in connection with work done in Nigeria from 1995 to 2004.

Developers in places like Newark, Trenton and even parts of Jersey City must overcome the weight of reputations that soured long ago and never really recovered.

The $90 million project planned for a redevelopment site near the New Jersey Performing Arts Center overlooking the Passaic River will become the third-tallest structure in Newark.

In less than a year, Spain has gone from brisk growth to acute distress as a housing collapse, high energy prices and the world financial crisis have drained its lifeblood.

In less than a year, Spain has gone from brisk growth to acute distress as a housing collapse, high energy prices and the world financial crisis have drained its lifeblood.

When the real estate market comes to a virtual halt, as it currently has, it may be time to rezone, even though such efforts can be time consuming.

When the real estate market comes to a virtual halt, as it currently has, it may be time to rezone, even though such efforts can be time consuming.