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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Archive for the ‘homes for rent’ Category
Hotel Venture Runs Into Ugly Reality
Thursday, November 5th, 2009CMBS 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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Slump Hits Howard Hughes’s Heirs
Friday, October 23rd, 2009Howard Hughes’s heirs hoping for a last, big payday may be disappointed, as the housing bust has decimated the late mogul’s holdings.
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Morgan and Waning Crescent
Thursday, October 22nd, 2009Morgan Stanley may decide to take its final lumps on its unsuccessful $6.5 billion acquisition of Crescent Real Estate, the latest setback for the firm.
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Citi Cancels Renovation
Wednesday, October 21st, 2009Citi canceled a $4.5 million renovation of its Brazilian headquarters, underscoring the sensitivity of its spending since its rescue.
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Nets Arena Debt Is No Slam-Dunk
Saturday, October 17th, 2009As the legal battle over the Atlantic Yards nears an end, the New Jersey Nets’ Brooklyn arena project is gearing up for its next big challenge — selling the development to a skeptical bond market.
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An Apartment Complex Teeters in New York
Thursday, October 15th, 2009A high-profile New York City apartment complex is running out of cash and in danger of imminent default.
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Tishman/BlackRock Venture in Danger of Default
Wednesday, October 14th, 2009A high-profile New York City apartment complex is running out of cash and in danger of imminent default.
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