Archive for November, 2009

General Growth in Mortgage Pact

Saturday, November 21st, 2009

General Growth Properties said it reached a deal to restructure $9 billion in mortgages on 77 malls in hopes of removing them from bankruptcy protection by the end of the year.
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Trump Drops Casino-Control Bid

Thursday, November 19th, 2009

Donald Trump and his daughter, Ivanka, have reached a settlement agreement with a group of creditors in the bankruptcy battle over control of Trump Entertainment Resorts.
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Developers Diversified Deal to Test Rescue Program

Tuesday, November 17th, 2009

Demand is expected to be strong for the Developers Diversified Realty deal, the first sale of commercial-mortgage backed securities under a government rescue program designed, in part, to ease the mounting stress in the commercial property sector.
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Hotels Risk Losing Holiday Inn Brand

Saturday, November 14th, 2009

InterContinental Hotels is ready to strip its Holiday Inn brand from as many as 300 hotels owned by franchisees in North America if those properties don’t renovate.
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Players Shun Faded Pontiac Silverdome

Friday, November 13th, 2009

The empty Pontiac Silverdome, an 80,000-seat municipal stadium that once was home to the Detroit Lions, is up for auction — and it is possible no one will bite.
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Las Vegas Sands to Restart Macau Sites

Thursday, November 12th, 2009

Las Vegas Sands plans to begin preliminary work in January to restart two stalled construction sites in Macau.
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Recession roommates

Saturday, November 7th, 2009

A one-bedroom apartment is not a lot of space for Julie Beers, her 2-year-old daughter, a golden retriever and a black Lab.



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Hotel Venture Runs Into Ugly Reality

Thursday, November 5th, 2009

A foray into hotels by Sam Nazarian, who operates some of L.A.’s hottest nightspots, has turned into a costly slog amid the worst hotel market in decades.
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CMBS Savior? Deal Is Nearer

Wednesday, November 4th, 2009

A closely watched deal that may help uncork the commercial-property debt market is picking up steam after being threatened by some queasiness by the Fed.
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