Saint Vincent Catholic Medical Centers, operator of a hospital in New York’s Greenwich Village for 160 years, filed for bankruptcy court protection, listing more than $1 billion in debt.
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St. Vincent’s Hospital has filed a proposed closure plan with the New York State Department of Health. If state officials accept the plan, St. Vincent’s will likely file for bankruptcy tomorrow if not earlier, according to a source that has been briefed on the plans by hospital management.
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Mall giant Simon Properties Group Inc. on Tuesday announced it has offered $10 billion to acquire struggling rival General Growth Properties Inc., possibly creating the largest U.S. owner of high-end malls. General Growth also has been negotiating with Canadian real-estate concern Brookfield Asset Management Inc. about Brookfield providing General Growth billions of dollars in capital to emerge from bankruptcy-court protection.
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by CJ Follini
The J.D. Carlisle Development Corp. submitted a preliminary bid $80 million for the five-building complex that once housed the Cabrini Medical Center—44% less than the bankrupt institution needs to pay off its creditors.
On Friday, Grubb & Ellis filed a motion in the Bankruptcy Court for the Southern District of New York to approve [...]
MURFREESBORO, Tenn., Dec 04, 2009 (BUSINESS WIRE) — NHI — National Health Investors, Inc. (NYSE:NHI) has agreed to purchase six Florida skilled nursing facilities from Care Foundation of America, Inc. (CFA) for a total of $67 million, with the closing expected to occur within three months. The facilities are leased to affiliates of Health Services [...]
Read more →Oct. 27 (Bloomberg) — Capmark Financial Group Inc., the lender that filed for bankruptcy this week, was making billions of dollars in property loans just as investor Sam Zell was exiting the U.S. office market in early 2007.
In 2006 and 2007, Capmark originated $60 billion in commercial mortgage loans, most for office buildings, according to [...]
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 a [...]
Properties fetch almost $27 million, nearly 50% over the starting bids.
Two prominent Queens hospital sites were successfully auctioned off on Friday for a total of $26.6 million—50% more than the starting bid—according to CB Richard Ellis Tuesday.
A group led by Brooklyn-based developer Johsua Guttman submitted the winning bid for St. John’s Hospital’s two-acre campus in [...]
