News
Banks begin to deal with distress but property refinancing challenge remains
Debt held against UK commercial property continued to fall last year from £228.1bn to £212.3bn, a drop of 6.8%, a UK property lending survey has today revealed. The influential UK Commercial Property Lending Market report by De Montfort University, the largest of its kind to look at UK commercial property lending, found that while the [...]
Pallas Global launches real estate investment and advisory firm in NYC
Pallas Global has launched a real estate investment and advisory firm in New York City. This full-service investment and advisory firm serves real estate developers by providing financing from Pallas’ proprietary network of hedge funds, family offices and high net worth individuals throughout the World. Pallas also assists real estate investors who are interested in [...]
Sternlicht Searches for Yield at Second-Tier U.S. Malls
Enlarge image KKR Joins Sternlicht in Search for Yield From Second-Tier Malls Ariana Lindquist/Bloomberg Demand last year for class A retail centers pushed down yields, driving investors seeking higher returns to B malls. Demand last year for class A retail centers pushed down yields, driving investors seeking higher returns to B malls. Photographer: Ariana Lindquist/Bloomberg [...]
Weak rupee makes real estate investments cheaper for the NRIs
The depreciating rupee has positively influenced the demand from NRIs for residential properties in various cities across India, especially in Mumbai. The rupee has been touching new lows everyday. Even today, the rupee touched 54.82 per dollar in early trades. Exporters and the NRIs are two categories which stands to gain from the weak currency, [...]
CORRECT (5/16): Blackstone Loan Favorably Modified – Deutsche Bank
(“Blackstone Loan In Favorable Modification, Deutsche Bank Says,” published at 1639 ET on May 16, misstated how the loan-servicing task was transferred, in the 10th paragraph. The correct version follows:) NEW YORK (Dow Jones)–A Blackstone Group LP (BX) property loan has received what “may be one of the more questionable [loan] modifications to date” by [...]
REAL ESTATE: Inland Empire tops dubious foreclosure list – Press
Foreclosures continued to ease across the country last month, but Inland Southern California is feeling the long-term damage more than any other metropolitan area. One housing unit in every 213 in San Bernardino and Riverside counties was in some phase of the foreclosure process in April, according to a report from RealtyTrac, an online marketer [...]
Latest CoStar Commercial Repeat-Sale Analysis: Commercial Property Pricing …
WASHINGTON, May 17, 2012 (GlobeNewswire via COMTEX) – This month’s CoStar Commercial Repeat Sale Indices (CCRSI) provide the market’s first look at commercial real estate pricing through March 2012. Based on 885 repeat property sales in March and more than 100,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate [...]
SEC Charges New Jersey Man In Real Estate Investment Scam
The Securities and Exchange Commission today charged a New Jersey man with operating a Ponzi-like scheme that duped clients into investing more than $2 million in a series of phony real estate investment vehicles. The SEC alleges that David M. Connolly, 50, of Watchung, N.J., induced investors to buy shares in fake real estate properties [...]
Pallas Global Launches Real Estate Investment and Advisory Firm in NYC
NEW YORK, May 16, 2012 — /PRNewswire/ – Pallas Global has recently launched a real estate investment and advisory firm in New York City. This full-service investment and advisory firm serves real estate developers by providing financing from Pallas’ proprietary network of hedge funds, family offices and high net worth individuals throughout the World. Pallas also [...]
Free Maryland-Area Workshops Teach How to Fund Real Estate Investments With …
BALTIMORE, MD, May 17, 2012 (MARKETWIRE via COMTEX) – Free 90-minute workshops in the Baltimore-area May 23, and 24 will introduce attendees to the tools and concepts of how to bypass banks and leverage non-traditional lending to fund profitable real estate investments. Hosted by Private Money Exchange, a wholly-owned subsidiary of Secured Investment Corp., a [...]
More New Jersey Homeowners Turn to Short Sales [AUDIO]
More and more homeowners in New Jersey are opting against foreclosure and turning to the short sale instead. Scott Olson, Getty Images In fact, the number of people selling their homes for less than what they owe is going up. “In New Jersey, anywhere from six to eight of every ten sales are distressed properties, [...]
Cal-Bay Distressed SFR Properties Acquisition-Update
Cal-Bay International, Inc. (PINKSHEETS: CBYI) today released the following update regarding the distressed Single Family Residence property acquisition offers. Cal-Bay today announced in reference to the company’s PR dated March 27th, 2012 for the purchase of 12 Bank Owned distressed SFR properties in the Pacific West Coast, Inland Empire region, the company has received notification [...]
Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages
Foreclosure filings in the U.S. fell to a five-year low last month as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold. The number of default, auction and seizure notices sent to homeowners in April totaled 188,780, down 14 percent from a year earlier and 5 percent from the [...]
Allied Properties Real Estate Investment Trust Announces May Distribution
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Pallas Global Launches Real Estate Investment and Advisory Firm in NYC
NEW YORK, May 16, 2012 /PRNewswire/ – Pallas Global has recently launched a real estate investment and advisory firm in New York City. This full-service investment and advisory firm serves real estate developers by providing financing from Pallas’ proprietary network of hedge funds, family offices and high net worth individuals throughout the World. Pallas also assists [...]
Canadian Real Estate Investment Trust Announces May 2012 Distribution – SYS
TORONTO, ONTARIO — (Marketwire) — 05/16/12 — Canadian Real Estate Investment Trust (TSX:REF.UN) (“CREIT”) today announced its May 2012 monthly distribution in the amount of 12.42 cents per unit (C$1.49 annualized). The May distribution will be payable on June 14, 2012 to Unitholders of record May 31, 2012. CREIT is a real estate investment trust [...]
Ten properties that say it all
The Irish Times – Thursday, May 17, 2012 1 2 3 4 5 6 7 8 9 10 Loughmore Square, Killeen Castle Woodlands, Ballyjamesduff, Co Cavan St Matthias Wood, Killiney, Co Dublin Priory Hall, Donaghmede, Dublin 13 Elysian Tower, Cork Humewood Castle Estate Treasury Building, Lower Grand Canal Street, Dublin 2 Walford, Shrewsbury Road Sandhouse [...]
Cerberus Agrees to Buy Speymill Deutsche in Distressed Takeover
Cerberus Capital Management LP, the private-equity firm led by Stephen Feinberg, agreed to buy the assets of insolvent German residential real estate investor Speymill Deutsche Immobilien Co. after restructuring 985 million euros ($1.26 billion) of distressed bank loans. Speymill Deutsche received new capital in the form of subordinated debt and equity that will be used [...]
Canadian Real Estate Investment Trust Announces May 2012 Distribution
<!– hack to avoid firefox v Indications U.S. stock futures rise on factory, housing data 3. Article source: http://www.marketwatch.com/story/canadian-real-estate-investment-trust-announces-may-2012-distribution-2012-05-16
Southern California Home Prices Rise as Distress Declines
Home prices in Southern California climbed last month from a year earlier for the first time in 16 months as sales of distressed properties, which usually sell at a discount, dropped to the lowest level in four years. The median paid for houses and condominiums was $290,000 in Los Angeles, Riverside, San Diego, Ventura, San [...]
Pallas Global Launches Real Estate Investment and Advisory Firm in NYC
<!– hack to avoid firefox v Indications U.S. stock futures rise on factory, housing data 3. Article source: http://www.marketwatch.com/story/pallas-global-launches-real-estate-investment-and-advisory-firm-in-nyc-2012-05-16
Allied Properties Real Estate Investment Trust Announces Acquisition of Class …
TORONTO, ONTARIO, May 16, 2012 (MARKETWIRE via COMTEX) – Allied Properties REIT /quotes/zigman/26584 CA:AP.UN -0.07% announced today that it has entered into an agreement to purchase the following property for $61.75 million: Address Total Office Retail Parking GLA GLA GLA Spaces —————————————————————————- Lang Tannery, Kitchener 340,150 291,763 48,666 345 —————————————————————————- “In addition to being immediately [...]
Homes for Sale Grow Scarce as Sellers Await Higher Prices
A real estate agent near California’s Silicon Valley seeks sellers by combing property records for people who’ve owned their houses for at least 40 years. A Denver-area broker offers half his commission for a listing, while a counterpart in South Florida hosts happy hour gatherings at bars to loosen up homeowners reluctant to sell. Real [...]
SC Realtors: Beaufort real estate market continues to lag behind Hilton Head
The Hilton Head Island residential real estate market is healthier now thana year ago, according to a report released Tuesday by S.C. Realtors. The Beaufort market, on the other hand, has weakened, the report suggests. Sales in the Hilton Head area for the first four months of the year are up nearly 12 percent compared [...]