Nearly 3,000 small U.S. banks could be forced to dramatically curtail their lending because of losses on commercial real-estate loans.
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Archive for the ‘condos for rent’ Category
TARP Panel: Small Banks Face Loan Woes
Thursday, February 11th, 2010D.C. couple pursuing rental license endures year-long hassle
Wednesday, February 10th, 2010To Marina and Mark Marich, the task seemed simple, just one item on their long to-do list: get a license from the District to rent out their Capitol Hill condo. They thought it would take a month.
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Fewer D.C. affordable housing options left as city rents rise
Wednesday, February 10th, 2010Rents have increased more in the District than they have in most major cities, and renters are spending a larger portion of their paychecks to keep a roof over their heads, according to an analysis released Friday by the DC Fiscal Policy Institute that examines the city’s rental housing market.
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‘Xanadu’ Dreams Meet Harsh Reality
Wednesday, February 10th, 2010Developer of New Jersey complex seeks financing as report for governor floats idea of surrendering site.
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Lenders Seize Sillerman Resort
Saturday, February 6th, 2010Lenders 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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Investors Lost It All in Memphis
Wednesday, 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
Tuesday, 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
Friday, 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
Wednesday, 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
Tuesday, 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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