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Capmark Files for Bankruptcy

Posted 10.28.2009 | Categories: Uncategorized | No Comments

HORSHAM, PA-According to reports, Capmark is filing for bankruptcy protection. After filing a $1.6-billion Q2 loss, the commercial real estate lender is seeking for protection under Chapter 11. The lender has $21 billion of debt and $20.1 billion in assets. The lender had already agreed to sell its North American servicing and mortgage business to […]

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Case-Shiller report shows moderate home price improvement

Posted 10.27.2009 | Categories: Uncategorized | No Comments

The annual rate of decline among home prices in major U.S. cities improved in August over the previous month, according to the S&P/Case-Shiller Home Price Indices report released today (see report below), marking the seventh consecutive month of improvement. The 10- and 20-city composites measure the composite percentage decline in price year-over-year. In August, home […]

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Capmark bankruptcy imminent, says Reuters

Posted 10.26.2009 | Categories: Uncategorized | No Comments

According to a Reuters report, commercial real estate company Capmark Financial may file for chapter 11 bankruptcy imminently. The company, which listed total debts of approximately $11.4 billion in its May regulatory filing, has long been in discussions to restructure its debt. Current negotiations, which are taking place amongst Capmark, its lenders, bond holders, and […]

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Bruce Wasserstein, Lazard Banker, Dies at 61

Bruce Wasserstein, Lazard Banker, Dies at 61

Posted 10.15.2009 | Categories: Uncategorized | No Comments

Bruce Wasserstein, the Wall Street investment banker who helped pioneer the hostile takeover in the 1980s and reshaped the mergers and acquisitions business into a high art, died Wednesday in Manhattan. Mr. Wasserstein, 61, was the chairman and chief executive of Lazard and had a home in Manhattan. The cause of death has not been […]

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Starwood-led group pays $554 million for Corus Bank assets

Posted 10.07.2009 | Categories: Uncategorized | No Comments

SAN FRANCISCO (MarketWatch) – The Federal Deposit Insurance Corp. said late Tuesday that a group of private investment firms led by Starwood Capital Group LLC has won the right at auction to buy a 40% stake in a firm that holds assets of Corus Bank, which failed last month, for $554 million. The consortium of […]

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Starwood Sees Payoff in Patience

Starwood Sees Payoff in Patience

Posted 10.07.2009 | Categories: Uncategorized | No Comments

Corus’s Condo Assets Look Primed to Rebound Someday; FDIC Approves Sale Barry Sternlicht’s Starwood Capital Group has a relatively straightforward game plan for the distressed condo assets of Corus Bank that he is set to buy in a closely watched federal auction: wait until the market recovers. The deal, announced Tuesday evening by the Federal […]

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Corus Bank Is the Latest to Be Seized by Regulators

Posted 09.15.2009 | Categories: Uncategorized | No Comments

Federal regulators seized Chicago-based Corus Bank on Friday, bringing to 91 the total failures this year and marking one of the first banks to be undone by deteriorating construction and commercial real-estate loans during the downturn. The branches and deposits of Corus will be assumed by MB Financial Inc., which has more than $8 billion […]

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Prepare For a 10-12% Inflation: Stock Picker

Posted 08.06.2009 | Categories: Uncategorized | No Comments

The worst buys of the past few years, such as real estate and stocks, may prove to be the best investments a few years from now, said David Dreman, chairman and CIO of Dreman Value Management. “I think we’re factoring in some pretty major inflation,” Dreman told CNBC. “There’s been a report that there has […]

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