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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Archive for the ‘Apartments’ Category
Trump Drops Casino-Control Bid
Thursday, November 19th, 2009Developers Diversified Deal to Test Rescue Program
Tuesday, November 17th, 2009Demand 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, 2009InterContinental 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, 2009The 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, 2009Las 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, 2009A 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, 2009A 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, 2009A 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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Hilton Debt Weighs on Blackstone
Wednesday, October 28th, 2009Blackstone has begun talks with lenders to cut $5 billion from the $20 billion debt load carried by Hilton, as the private-equity firm seeks to protect its single biggest investment from default.
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Capmark Seeks Chapter 11
Tuesday, October 27th, 2009Capmark, one of the nation’s largest commercial-real-estate lenders, filed for bankruptcy protection in Delaware, the latest sign that problems in that market are far from over.
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