With the U.S. hotel market recovering, some of the country's largest hotel companies are ready to resume their efforts to divest themselves of real estate.

The U.K. office and retail REIT's strategy is to sell mature properties in order to raise cash for new investments.

German company Deka Immobilien Investment will buy 19 West 44th St. for $123.2 million, or about $422 a square foot.

Some home builders are re-examining land contracts, asking sellers for lower prices or abandoning deals entirely.