(CLEVELAND, OH) -- The nation's banks once again are beginning to work with developers. This time it's for a 1.3-million-square-foot mixed-use project.Ridge Hill Westchester County, NY Cleveland, OH-based Forest City Enterprises, Inc. (NYSE:FCEA and NYSE:FCEB) today announced Forest City Ratner... Read More
(ABU DHABI, U.A.E.) -- People living outside the UAE no longer need a bundle of cash to buy residential property in Abu Dhabi. Abu Dhabi Finance is ready to offer mortgages up to 75 percent of the property's value to... Read More
(NORTH MELBOURNE, AUSTRALIA) -- It's 10-to-one you haven't heard of Delaware North Cos. but you most certainly know of the Boston Bruins of the National Hockey League. Jeremy M. Jacobs Jeremy M. Jacobs, chairman and CEO of Buffalo, NY-based Delaware... Read More
(PRAGUE, CZECH REP.) -- Hotel owners in the Czech Republic are experiencing their second straight season of slumping occupancy.The number of guests staying in Czech hotels was down almost 9 percent in the first half of 2009 over last year.... Read More
(SCOTTSDALE, AZ) -- Walton International Group Inc. of Calgary, Alberta, Canada, keeps rolling along in successful land closings for planned mixed-used communities in Canada and the U.S. The syndicator's most recent transaction covers additional acreage for the 1,375-acre master planned... Read More
(NEW YORK, NY) -- Things look bleak over at Tishman Speyer's 56-building, twin apartment Stuyvesant Town and Peter Cooper Village in Manhattan.Peter Cooper Village and Stuyvesant Town Fitch Ratings reports debt service reserves for six loans totaling $4.5 billion are... Read More
(LOS ANGELES, CA) -- CB Richard Ellis Group Inc. (NYSE:CBG), has revised the amount of its credit agreement debt that has been modified to $985 million.In a press release issued by the company on Aug.25, 2009, the amount of its... Read More
(BOSTON, MA) -- One of the largest initial public offerings this year is getting a new dealer manager.Healthcare Trust of America, Inc. (NYSE: HCA), formerly Grubb & Ellis Healthcare REIT, Inc. and Realty Capital Securities LLC (NYSE: RCS) of Boston ... Read More
(NEW HYDE PARK, NY) -- Kimco Realty Corp.'s debt load strategy is clear: Pay off the loans quickly and move forward with new acquisitions.That's what the New Hyde Park, NY-based shopping center developer has already done with $145 million repaid... Read More
(MIAMI BEACH, FL) -- Hip-hop producer, rapper and singer Scott Storch, once one of the highest paid practitioners in the U.S. music industry, has lost his $7 million, 10-room mansion on Palm Island in Miami Beach after his mortgage lender... Read More
Fontainebleau Hotel Miami Beach (MIAMI BEACH, FL) -- In the scheme of things in South Florida leisure industry circles these days, an unpaid $65 million bill isn't that earth-shaking.That's what 30 contractors, designers and installers claim they are owed for... Read More
(MIAMI, FL) -- No market in the United States has more unsold luxury condominium homes than Miami. Developers are reportedly holding at least 10,000 units for sale. Read More
(HENDERSONVILLE, TN) -- The U.S. hotel industry posted declines in all three key performance measurements during the week of 16-22 August 2009, according to data from STR. Read More
(MIAMI, FL) -- Just when everybody thought the frenzied Miami new condo development scene was stabilizing, here comes a brand new undertaking.Evangeline Gouletas Evangeline Gouletas, a well-known South Florida philanthropic and real estate personality, plans to break ground in November... Read More
(MCLEAN, VA) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.14 percent with an average 0.7 point ... Read More
(NEWARK, NJ) -- Two big names in commercial real estate circles participated in the closing of a $108 million loan today.Prudential Mortgage Capital Co. of Newark, NJ provided the funds to Kimco Realty Corp. (NYSE: KIM) of New Hyde Park,... Read More
(MIAMI, FL) -- Miami's over-built, over-priced and over-hyped luxury condominium market is moving again. It is expected to surge over the next 18 months in a crush of sales, some at fire-sale prices. Read More
I don't know about you, but all these recent announcements by local, regional and national real estate groups extolling the rising sales numbers of new and existing single-family homes and condominiums have me confused.Don't get me wrong. I'm all for... Read More
Troon Golf Picked to Manage Prince's Golf Club in England(SANDWICH, ENGLAND) -- Troon Golf, the world's largest operator of upscale golf course properties, recently announced it was adding Prince's Golf Club to its portfolio of managed courses. Situated on the... Read More
Q1 - I bought a house with my husband 3 years ago with a 6% VA loan. We are struggling with credit card debt and I want to refinance to get a lower rate. Do I have to wait... Read More
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