The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
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Archive for the ‘Home Rental Ads’ Category
Helmsley Estate Sells Manhattan Hotel
Wednesday, March 10th, 2010General Growth Debt Bet Pays Off
Tuesday, March 9th, 2010A handful of investors dug to the bottom of the discount bin and snapped up General Growth’s convertible bonds at three cents on the dollar. They now trade at 103 cents.
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Trust Not Enough for Integrity Bank
Thursday, March 4th, 2010The FDIC is investigating loan practices at Georgia’s Integrity Bank, which was seized in 2008 after loaning all its capital to the owner of Casa Madrona Hotel & Spa in California.
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Banks Rein In Branch Boom
Wednesday, March 3rd, 2010The total number of retail bank branches in the U.S. is on pace to decline this year for the first time since 2002.
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Westfield Considers Bid for General Growth
Friday, February 26th, 2010The takeover battle for the U.S. mall owner heated up as the company unveiled a deal for investor Brookfield to help finance its emergence from bankruptcy.
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Backlash Hits Calpers Property Deals
Wednesday, February 24th, 2010Investments by Calpers in deals that included converting low-rent properties to market-rent apartments raises concerns.
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Brookfield to Battle Simon for Mall Giant
Tuesday, February 23rd, 2010Canadian property giant Brookfield Asset Management is readying a bid to take a large ownership stake in mall owner General Growth, aiming to top an unsolicited bid made last week by rival mall owner Simon Property.
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New York Lender, Burned but Resolute
Friday, February 19th, 2010In 2006, Long Island banker Bradley E. Rock was one of the industry’s loudest opponents of a proposed crackdown on lending. Now his bank is a dramatic example of what regulators were so worried about.
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Simon Bids $10 Billion for Rival
Wednesday, February 17th, 2010Simon Property is offering about $10 billion in cash and stock for rival mall operator General Growth, which is currently restructuring under bankruptcy-court protection.
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TARP Panel: Small Banks Face Loan Woes
Thursday, February 11th, 2010Nearly 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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