Wednesday, March 10th, 2010
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
Archive for March, 2010
Wednesday, March 10th, 2010
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
Wednesday, March 10th, 2010
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
Tuesday, March 9th, 2010
BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute.
Tuesday, March 9th, 2010
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.
Friday, March 5th, 2010
Housing markets rife with foreclosures can still present great deals for investors, but also stiff competition and pitfalls for the inexperienced. What does this mean in plain speak? Use foreclosures to build your business, but be careful if you do not know what you are doing.
Buying now often involves bidding wars. Better opportunities may arise soon as more repossessed homes head toward auction.
Thursday, March 4th, 2010
A federal judge hearing mall owner's bankruptcy reorganization grants it four more months of exclusive control over its fate, against the objection of some suitors and creditors.
Wednesday, March 3rd, 2010
The FDIC is investigating loan practices at Georgia's Integrity Bank, which was seized in 2008 after loaning all its capital to the owner of Casa Madrona Hotel & Spa in California.
Wednesday, March 3rd, 2010
Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.
Tuesday, March 2nd, 2010
Land & Houses plans projects that could fetch as much as $942 million this year, though it cautioned about the country's uncertain political climate.
