A legal ruling potentially could give many debtholders across the U.S. new grounds to recover money from landlords who lost their properties to foreclosure.
Another investor has filed a lawsuit against the Malkin family’s plan to take public the Empire State Building and other properties, marking the third such effort attacking the initial public offering in two weeks.
Costar… It’s not a big hook to hang a hat on, but the small increase in some commercial real estate loan balances on bank books at the end of the year serves as yet another indication of thawing lending markets for property investors. Overall loan balances on bank books posted their largest real growth in four years, according to year-end numbers released this past week by the Federal Deposit Insurance Corp. (FDIC). As far as CRE lending goes, it was… Excerpt from: Banks Returning to CRE Lending via Multifamily, Owner-Occupied Properties Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
Boston Properties Inc. and SL Green Realty Corp. reported stronger-than-expected quarterly earnings, a sign that the nation’s largest office landlords have been able to boost revenue despite tepid job growth.
After a tumultuous first year as chief executive of General Growth Properties, Sandeep Mathrani is about to make perhaps his boldest move yet: The shopping-mall owner is set to spin off 30 of its weaker malls.
Blackstone is set to buy 16 office buildings in a deal that would value the properties at about $800 million, cementing the group’s status as one of the most aggressive buyers of commercial real estate.
Hundreds of hotel and motel owners are fighting foreclosure, while others have lost their properties to lenders as a commercial real-estate slowdown has swept through the roadside lodging business in the U.S.
Innkeepers USA and Cerberus Capital Management continued negotiating a lower-priced deal for Innkeepers’ hotels, pushing back until Wednesday the start of a trial over Cerberus’s cancellation of a prior agreement to buy the properties for $1.12 billion.
The Hong Kong government sold a residential site in the New Territories to blue-chip developer Sun Hung Kai Properties for $400 million in a land auction Tuesday.
Longfor Properties said first-half net profit rose 14%, boosted by strong property sales and higher rental income, joining other Chinese property companies in reporting strong results even as Beijing launched measures aimed at cooling the residential property market.
Property developer Hang Lung Properties reported a 75% drop in fiscal-year profit as it refrained from launching completed residential projects in Hong Kong while the government moved to contain surging home prices.
Host Hotels is suing Molinaro Koger, alleging that the real-estate brokerage, which it hired to sell some of its hotels, set up front companies to flip the properties for its own profit.
Now I know what you are thinking, Bank of America cannot possibly be that stupid or that insane? This would be a blatant disregard for real estate law. I would tend to agree with you, I suspect that this is. … Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans. Distressed REO Properties – Whole Loans …
Cassidy Turley announced its intention to acquire the brokerage and property management operations of Atlanta-based commercial real estate services firm Carter, a move that would gain it a significant foothold in the Atlanta and Central … Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans . Distressed REO Properties – Whole Loans … Continue Reading: Updated: Cassidy Turley Bolsters Southeast Presence With Carter …
Costar… Government Properties Income Trust acquired 305 E. 46th Street in New York City from Extell Development Company for $114 million, or approximately $742 per square foot. The 16-story, 153,689-square-foot office building was built in 1928 and is located between First and Second Ave. in the United Nations submarket. The building currently houses the United Nations in a lease through 2018. James Gross of Williamson, Picket, Gross, Inc. represented… Go here to see the original: Government Properties Income Trust Acquires 305 E 46th for $114M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net