Lenders holding the $180 million mortgage on entertainment mogul Robert Sillerman’s luxury resort in Anguilla have taken over the half-built project.
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Lenders Seize Sillerman Resort
February 6th, 2010Investors Lost It All in Memphis
February 3rd, 2010The commercial real-estate mess is clobbering investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn.
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REITs: Better but Not All-Clear
February 2nd, 2010There are some signs of an end to the drubbing taken by commercial real-estate valuations.
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Paltry Payout Likely for Piedmont
January 29th, 2010If the initial public offering meets the most optimistic estimate, the average investor will realize a 2.1% annual return over seven years, according to one analysis.
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Resort Developer Stands by Tiger Woods
January 27th, 2010The Cliffs at High Carolina is one of many golf resorts struggling with the economic downturn that has eroded demand for luxury homes adjoining golf courses.
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Control of Stuyvesant Town Takes Center Stage
January 26th, 2010Creditors and potential buyers are scrambling for control of Peter Cooper Village and Stuyvesant Town after Tishman Speyer relinquished control to creditors.
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Tishman Venture Gives Up Stuyvesant Project
January 25th, 2010A group led by Tishman Speyer has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town Manhattan apartment complex to its creditors.
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Barbados Shores Up Four Seasons
January 22nd, 2010Barbados is bailing out the troubled Four Seasons luxury-resort development on the tiny island by guaranteeing a $60 million bank loan to help restart construction.
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Interior designer rents house, then renovates it to serve as her home and office
January 20th, 2010Margaret Carter was looking for a short-term relationship. Her story: Interior designer formerly of Colorado and so over log cabins and antler chandeliers ISO charming rental near D.C. to make over as home, office and design lab.
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Unfinished Projects Weigh on Banks
January 20th, 2010Lenders across the U.S. are being forced to make unpalatable choices as they try to keep afloat stalled real-estate projects like Atlanta’s Streets of Buckhead.
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