World of realty
18 Nov
With the mammoth health care reform package hanging in the balance, medical real estate companies will enter 2010 in the throes of debate over the legislation’s potential impact on their business, especially those owning and occupying hospitals and hospital…
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Investors Bullish on Health Care Real Estate as Reform Showdown Draws Closer
18 Nov
The first new-issue commercial mortgage backed securities (CMBS) supported by brick-and-mortar properties in nearly two years successfully sold this week. DDR Depositor LLC Trust 2009 Commercial Mortgage Pass Through Certificates, series 2009-DDR1…
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Developers Diversified, Goldman Sachs Put CMBS Deals Back in Action
18 Nov
Job losses and subsequent office loan defaults, coupled with continued hotel underperformance, resulted in another monthly increase in U.S. CMBS delinquencies. And new matured balloons and past due loans secured by interests in non-traditional assets…
18 Nov
In its first quarterly report as public entity, Starwood Property Trust posted a net loss of $1.9 million.
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Starwood Property Trust Begins Investing $900 Million Slowly, Selectively
18 Nov
The United States Attorney for the Southern District of New York is looking to take over control of the 36-story, 336,000-square-foot 650 Fifth Ave. high-rise in Midtown Manhattan, as well as other properties across the country, together totaling hundreds…
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Bank Watch: U.S. Steps Up Efforts To Seize Iran-Controlled Bank Melli’s U.S. Properties
18 Nov
Toys “R” Us Inc. priced $725 million aggregate principal amount of senior secured notes due 2017 to be issued by Giraffe Properties LLC, which will be renamed Toys “R” Us Property Company II LLC, one of its indirect wholly-owned subsidiaries.
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Real Money (Nov. 19): Capital Raisings, Property Financings
18 Nov
Home builders initiated construction of far fewer new homes in October than the month before, a big and unexpected drop for the struggling industry, according to a government report issued Wednesday.
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Home construction at lowest point in 6 months
18 Nov
Housing counselors, who’ve received more than $400 million in federal funds to help mitigate the mortgage crisis, are helping troubled homeowners avoid foreclosure and lower their monthly payments, a study released Wednesday has found.
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Want to avoid foreclosure? Go see a counselor
18 Nov
Construction of new homes plunged last month as builders waited to see whether lawmakers would extend a tax credit for homebuyers. Housing starts – Tax credit – Business and Economy – Business – Property
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Housing starts drop 10.6 percent in October
18 Nov
Insurance policies are written based on the concept of “indemnity” which means “protection or security against damage or loss.” Fire insurance policies are not designed to put a policyholder in a better position than he was prior to a loss. Otherwise, having insurance might create an incentive to have a loss.
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Building Ordinance or Law Insurance