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Dearth of Properties Spurs Fund Givebacks

Dearth of Properties Spurs Fund Givebacks

Posted 05.26.2010 | Categories: Uncategorized | No Comments

Some real-estate funds, which raised billions of dollars hoping to pounce on bargain properties, are returning money to investors after finding slim pickings, as many banks avoid dumping property by extending and restructuring loans.

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Tower of Legal Troubles

Tower of Legal Troubles

Posted 05.24.2010 | Categories: Uncategorized | No Comments

Ian Bruce Eichner, a developer who has lived through the ups and downs of the real-estate market several times over, bought a dream apartment at a huge discount a few months ago. But now he faces a court battle to keep it.

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Did a Big Bet Help Trigger ‘Black Swan’ Stock Swoon?

Did a Big Bet Help Trigger ‘Black Swan’ Stock Swoon?

Posted 05.11.2010 | Categories: Uncategorized | No Comments

Shortly after 2:15 p.m. Eastern time last Thursday, hedge fund Universa Investments LP placed a big bet in the Chicago options trading pits that stocks would continue their sharp declines.

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LEGENDARY NEW YORK DEVELOPER BENNY CAIOLA PASSES AWAY

LEGENDARY NEW YORK DEVELOPER BENNY CAIOLA PASSES AWAY

Posted 04.27.2010 | Categories: Uncategorized | No Comments

Benny Caiola, passed away peacefully after a sudden cancer diagnosis on Thursday, April 22nd 2010 in New York, NY. He is survived by his wife Bettina, and his children Benny 3rd, Luigi Caiola, Alfred and Rose. He was the beloved brother to Alfred, Louis, Bettina and the late Salvatore, cherished grandfather of eight, and so much to so many.

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Underlying Concerns in CMBS

Posted 04.21.2010 | Categories: Uncategorized | No Comments

Commercial-Mortgage Defaults Ripple Out; Restructuring Into Good and Bad

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Healthcare: Center for Neurosurgery and Spine in Sartell purchased by health care REIT

Posted 04.13.2010 | Categories: Uncategorized | No Comments

Grub and Ellis Healthcare REIT II bought the 36,000-square-foot, two-building medical office located in the St. Cloud suburb of Sartell.

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CMBS Delinquencies Continue to Rise

Posted 03.29.2010 | Categories: Uncategorized | No Comments

In February, the delinquent unpaid balance for CMBS rose $1.87 billion, up to $47.82 billion from $45.94 billion a month prior, according to Horsham, Pa.-based Realpoint LLC. However, the rise was lower than the jumps in the three previous months when the unpaid balance jumped by more than $3.7 billion each month. Overall, the delinquent […]

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Pools That Need Some Sun

Pools That Need Some Sun

Posted 03.22.2010 | Categories: Uncategorized | No Comments

LAST week, the Federal Home Loan Bank of San Francisco sued a throng of Wall Street companies that sold the agency $5.4 billion in residential mortgage-backed securities during the height of the mortgage melee. The suit, filed March 15 in state court in California, seeks the return of the $5.4 billion as well as broader financial damages.

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Farkas Closes Deal to Buy Centerline

Posted 03.08.2010 | Categories: Uncategorized | No Comments

New York real-estate investor Andrew Farkas has closed a deal to buy Centerline Holding Co., one of the nation’s largest commercial-mortgage-servicing specialists, putting in $100 million in new equity and assuming about $180 million of Centerline’s debt.

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Ventas Reports 2009 Normalized FFO of $2.68 Per Diluted Share

Posted 02.18.2010 | Categories: Uncategorized | No Comments

Ventas Issues 2010 Normalized FFO Guidance of $2.69 to $2.75 Per Diluted Share . Ventas, Inc. (VTR 44.61, +0.44, +0.10%) (“Ventas” or the “Company”) said today that normalized Funds From Operations (“FFO”) for the year ended December 31, 2009 increased 7.8 percent to $409.0 million, from $379.5 million for the comparable 2008 period.

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