Canadian 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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Archive for the ‘Vacation Rentals’ Category
Brookfield to Battle Simon for Mall Giant
Tuesday, February 23rd, 2010New 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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D.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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