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    News and Articles on Real Estate



    Stimulus charts unclear course  Nov 23, 2009
    for free extra services. Friday, November 20, 2009. (Albany Business Review, NY)

    Real estate lender Capmark files for bankruptcy  Oct 26, 2009
    CHICAGO - Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt ... Many U.S. banks have been hurt by rising losses on commercial real estate loans ... Analysts predict that commercial real estate defaults will rise rapidly. (MSNBC -- Business)

    Capmark Files for Bankruptcy After Posting Quarterly Loss of $1.6 Billion  Oct 26, 2009
    Capmark is one of the largest U.S. commercial real estate finance companies, with more than $10 billion in originations, according to Moodys Investors Service ... U.S. office vacancies are at a five-year high, apartment vacancies at a 23-year record, and retail centers are showing the greatest share of empty store-fronts since 1992, according to real estate research firm Reis Inc. All that unleased space makes it harder for landlords to pay their mortgages to lenders like Capmark. (Bloomberg -- US)

    Capmark Financial Files for Bankruptcy  Oct 26, 2009
    NEW YORK (Reuters) - Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, wiping out the investment of several private equity firms including Kohlberg Kravis Roberts p. Capmark, which was created in March of 2006 through a leveraged buyout of the commercial real estate assets of General Motors' finance arm GMAC, had said earlier this year that it might file for bankruptcy ... The company said in a statement the move was due to conditions in the financial... (ABC News -- Wire)

    The bust hits boomtown that banks built  Oct 22, 2009
    "The economy was collapsing, the housing market was collapsing, and now Wachovia was going under. It was like a bunch of bombs going off," recalled Rusty Gibbs, a real estate agent whose company had just opened an office with concrete floors and bare branches in porcelain vases near Wachovia's headquarters, to focus on the market for downtown condominiums. Bank of America was soon in trouble, too. (MSNBC -- Business)

    St. John, COPT duel for Opus East APG project  Oct 17, 2009
    Baltimore developer Edward St. John thwarted a last-minute effort by his largest rival for the right to build a massive business park at Aberdeen Proving Ground in a clash of Greater Baltimore s real estate titans ... Baltimore Real Estate. (Baltimore Business Journal, MD)

    Delaware 1st grader has 45-day suspension lifted  Oct 14, 2009
    Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)

    Del. North eyes Orlando concession sites  Oct 14, 2009
    North eyes Orlando concession sites - Business First of Buffalo. for free extra services. (Buffalo Business First, NY)

    Yale Farm Property Now on the Market  Oct 2, 2009
    Klemm Real Estate, based in Washington Depot, is listing the Yale Farm property for $24 million. Plans for the Yale Farm Golf Club first appeared in 2003, and included an 18-hole golf course, clubhouse, guest accommodations and recreation facilities. (Litchfield County Times, CT)

    Suit: Mastro moved assets to defraud creditors  Oct 1, 2009
    Mastro moved $15M home, jewelry, Rolls to defraud creditors, says suit - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)

    RealtyUSA to add 1st Buffalo office  Sep 26, 2009
    For the first time in its history, will be opening a Buffalo residential real estate office ... RealtyUSA has maintained a commercial real estate office on Delaware Avenue, dating back to the days when the firm was still operating under the corporate banner ... It is the region s largest, independent real estate firm. (Buffalo Business First, NY)

    Immigration office on move in Buffalo  Sep 17, 2009
    Ciminelli Real Estate manages and leases the 200,000-square-foot building for its owners, Buffalo Success LLC. With the Immigration Services contract, the building is more than 90 percent under lease, said Paul Ciminelli, Ciminelli president. Most Read Stories. (Buffalo Business First, NY)

    Canisius HS to dedicate new building  Sep 10, 2009
    for free extra services. Subscribe to Business First. (Buffalo Business First, NY)

    WCI emerges from bankruptcy  Sep 4, 2009
    Michelle M. Mackay is an executive VP of , a publicly traded finance company focused on the commercial real estate industry. John R. Peshkin is the managing principal of Vanguard Land LLC, a private real estate investment group focused on the acquisition and development of high-quality residential properties throughout the Southeastern U.S. ... Stephen D. Plavin is COO of , a commercial mortgage real estate investment trust and investment manager. (South Florida Business Journal, FL)

    Nortel wants bankruptcy to last until 2010  Sep 1, 2009
    Nortel seeks bankruptcy extension until 2010 - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)

    Toll Brothers lost $472 million in Q3  Aug 28, 2009
    Builders and real estate agents are pressing Congress for that credit to be extended. If it isnt, there is a risk sales could reverse their upward trend. (MSNBC -- Business)

    Aqueduct Gaming adds high-profile partner  Aug 26, 2009
    Stay up to date on the latest news from within the commercial real estate industry. Use of, or registration on, this site constitutes acceptance of our and. (Albany Business Review, NY)

    Does She Need A Man To Be Complete?  Aug 22, 2009
    " he answered. Auntie Agyemang, my mothers first cousin, is currently about 70 years old. She is a highly educated woman who neither married nor had children. She studied in the medical field and attended a school abroad (in England) for some years. In the span of her career, she rose to very high ranks at a popular hospital in Ghana. She also acquired some prime real estate for herself. She had achieved all of these things through hard work and education. So, how can such a woman not be... (Ghana Web, Ghana)

    Del. North group submits Aqueduct bid  Aug 22, 2009
    North group submits Aqueduct bid - The Business Review (Albany). for free extra services. (Albany Business Review, NY)

    Redbox suing again: This time it's suing Warner Home Video  Aug 20, 2009
    Redbox sues another movie studio; this time its Warner Home Video - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)

    Toll Bros. reports increase in signed contracts  Aug 13, 2009
    By ALEX VEIGA, AP Real Estate Writer. Wednesday, August 12, 2009. (San Francisco Chronicle -- Business)

    Ackman Sees A Shrinking Target  Aug 12, 2009
    Ackman -- who had sought to replace five Target directors after the discount chain rejected his idea to spin off its real estate last year -- cut his interest in the company to 4. 4 percent from 7. (New York Post -- Business)

    Piscataqua Maritime Commission announces Tall Ships schedule  Aug 4, 2009
    Tuesday August 4, 2009. Today's most viewed articles. (Seacoast New Hampshire)

    County passes tax on mortgages  Jul 31, 2009
    Local real estate broker Barton Wallace of Wallace Realtors in Coxsackie requested that the legislature table the vote to perform further fact-finding on the tax s potential implications ... Any extra burden placed upon a first-time home buyer is going to affect not only homebuyers but sellers of real estate, Wallace said, using as an example, a senior citizen hoping to sell their home and move into senior housing ... Legislator Larry Gardner, D-Hunter, who is also an attorney who deals in real... (Catskill Daily Mail, NY)

    Dodd Man Out?  Jul 30, 2009
    Dodd has had other real estate troubles. The Hartford Courant recently reported on a cottage in Ireland in which Dodd has an interest. (Investors Business Daily)

    Official: Dodd, Conrad told they were getting VIP discount  Jul 28, 2009
    a one-time real estate executive, asked more detailed questions about the mortgage agreements' terms. Countrywide VIPs, Feinberg told the committees, received discounts on rates, fees and points. (USA Today -- News)

    Witness says Conrad aware of VIP treatment  Jul 28, 2009
    LOADING Jul 27, 2009 - 17:44:17 CDT WASHINGTON (AP) Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation s largest lenders, the official who handled their loans has told Congress in secret testimony. (Bismarck Tribune, ND)

    Caution at comptroller's building  Jul 27, 2009
    Firm seeks Experienced Paralegal with concentration in Real Estate. center located in Latham. (Albany Times Union)

    Wachovia takes Wells Fargos name  Jul 7, 2009
    Wachovia takes Wells Fargos name - Business First of Buffalo. for free extra services. (Buffalo Business First, NY)

    Opus East files for Ch. 7 liquidation  Jul 3, 2009
    Declining real estate values and tight credit markets continue to impede the refinancing of assets and restructuring of lending agreements, said Mark Rauenhorst, chairman and CEO of Opus Corp. We are taking the actions announced today to liquidate Opus East s portfolio and allow for the restructuring of Opus West s operations ... Washington Real Estate. (Washington Business Journal, DC)

    HCP Files Complaints Against Sunrise Senior Living  Jun 30, 2009
    Real estate investment trust HCP Inc. said Monday it filed complaints against Sunrise Senior Living Inc. and its subsidiaries, and wants to terminate agreements on 64 properties. The company alleges a breach of contract. (ABC News -- Wire)

    BUSINESS BRIEFS  Jun 25, 2009
    3 percent in June from a year earlier as unem ployment curbed de mand for new leases, the Real Estate Group of New York said yester day. Hard drive. (New York Post -- Business)

    Flying J To Close Restaurants In Texas, 4 Other States  Jun 24, 2009
    Real Estate Headlines. Gray Television, Inc. - Copyright 2002-2009 - Designed by Gray Interactive Media - Powered by Clickability. (KWTX.com, TX)

    Eddie Bauer Seeks Bankruptcy Protection  Jun 18, 2009
    I have a friend who always takes out a second when he purchases real estate ... He has done well so I can't argue, but all my real estate is paid for and I feel good. (CBS News)

    SendTec files for bankruptcy protection  Jun 16, 2009
    SendTec files for Chapter 11 bankruptcy protection - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)

    Syms-Vornado Win Filene's With $62.4 Million Bid  Jun 16, 2009
    The offer beat out a rival bid by Men's Wearhouse Inc and Crown Acquisitions, a retail real estate investment firm, and includes the leases for 23 Filene's stores, its trade name, inventory and distribution center, said Terry Corrigan of Abacus Advisors ... "Assuming the bankruptcy judge approves the sale, this is a transformative deal for Syms in our view, it is double barreled, for their retail business and their owned real estate assets," said Andrew Sole, a managing member of Esopus Creek... (ABC News -- Wire)

    TD Bank Financial Group Reports Second Quarter 2009 Results  May 28, 2009
    94% compared with the second quarter last year, but was up 12 bps compared with the prior quarter due to wider real estate secured lending margins, partially offset by narrower margins in term and business deposits ... The PCL increases were largely due to higher levels of charge-offs and reserve increases resulting from loan risk rating downgrades, principally in commercial real estate ... The increase was largely due to net new formations resulting from continued weakness in the real estate... (Canada Newswire)

    So far, investors aren't fighting back to change CEO pay levels  May 23, 2009
    Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)

    Murder charge tossed against Del. shooting suspect  May 20, 2009
    Denise Braden refused to let her son speak with a reporter, but she said he works for a water quality testing company and is taking real estate classes. Braden said her son will return to college, but that "it won't be in Delaware.". (WSVN-TV Miami, FL)

    Bids on Filene's Basement due June 3  May 20, 2009
    Two New York real estate firms, Crown Acquisitions and Chetrit Group, jointly offered $22 million to buy 17 of the retailer's 26 shops, including the shuttered flagship store in Downtown Crossing. Filene's Basement, which is based in Burlington, has struggled over the past year to cope with the economic downturn, increased competition, and underperforming stores. (Boston Globe)

    LOOKING UP: Take in the galactic scenery tonight  May 18, 2009
    Our galactic neighborhood, the Local Group, is a nice piece of real estate. We have around 30 neighbors and unlike many of us on Earth, we are getting to know who is next door. (Medfield Press, MA)

    North Georgia bankruptcy filings climb 36 percent  May 14, 2009
    With the national economy in recession, the banking sector wringing out its own problems and, now, commercial real estate development about to collapse, Atlanta s mojo is gone ... Since Atlanta s growth in the last several years was so reliant on commercial real estate, many Atlanta bankruptcy attorneys predict a spike in Chapter 11 filings from that sector later this year ... There will be more Chapter 11s here, but the corporate covenant defaults and commercial real estate cases are still in... (Atlanta Journal-Constitution -- Business)

    Baxter, FDA investigating heparin deaths  May 13, 2009
    Top Finance Headlines. Top Government Headlines. (Crain's Chicago Business)

    Filene's Basement to remain open on Needham Street  May 8, 2009
    Real estate firms Crown Acquisitions and The Chetrit Group teamed up on a deal to buy the 17 locations - including the chain's Back Bay and Newton stores - for $22 million. "It's a great opportunity," said Stanley Chera, chairman of Crown Acquisitions. (Needham Tab, MA)

    Filene's Basement files for Chapter 11  May 5, 2009
    the Boston bargain merchant, filed for bankruptcy protection yesterday and two New York real estate firms offered $22 million to buy 17 of the retailer's 26 shops, including the closed flagship store in Downtown Crossing and the Newbury Street digs ... Chetrit Group's real estate holdings include the Sears Tower and 620 Sixth Ave. in New York, which houses one of Filene Basement's most successful Manhattan stores. (Boston Globe)

    Local Sports Results  May 5, 2009
    Featured Real Estate. Franklin charming 1 bedroom studio Franklin charming 1 bedroom studio above antique store. (Yahoo News -- Auto Racing)

    Crown Acquisitions to buy 17 Filenes stores  May 5, 2009
    New York-based Crown, which owns more than 10 million square feet of commercial space, says it plans to continue operating the stores and will not liquidate the inventory or real estate ... Washington Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Washington Business Journal, DC)

    Filenes files Chapter 11, some stores spared  May 5, 2009
    An affiliate of real estate and asset management firm Crown Acquisitions agreed to acquire 17 Filene s leases, including the Columbus store on Dublin-Granville Road and the chain s flagship Downtown Crossing store in Boston ... Columbus Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Columbus Business First, OH)

    Filenes Basement files Chapter 11  May 5, 2009
    Baltimore Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Baltimore Business Journal, MD)

    WaMu Seeks to Investigate JPMorgan Conduct in Deal  May 2, 2009
    9 billion in assets, including several corporate entities, real estate assets and an insurance business. WaMu said in court documents that if the claims in the Texas suit turn out to be true, JPMorgan could be held responsible for the "destruction" of the parent company and the "total losses suffered by its creditors and shareholders.". (ABC News -- Wire)

    More rights for shareholders  Apr 9, 2009
    The real capitalists need more say to prevent excess risk-taking. By the Monitor's Editorial Board. (Christian Science Monitor)

    Lewisburg attorney ready for challenge  Apr 4, 2009
    Wilson has done extensive work with civil litigation, real estate laws, family law, estates and land use. I am and have been the first assistant district attorney in Union County, and I held the position of assistant district attorney for 10 years, he added. (Milton Standard Journal, PA)

    Chicago dailies tell different bankruptcy stories  Apr 1, 2009
    This years group feature a cross-section of professionals, from a real estate guru who writes. This year's honorees feature a diverse lineup of up-and-comers, from chefs to statisticians to. (Crain's Chicago Business)

    Store will close  Apr 1, 2009
    He intends to start letting commercial developers and real estate agents know there will be a vacancy, but doesn t expect immediate action. There s going to come a long period of time of negotiations, Senn said. (Klamath Falls Herald & News, OR)

    Court Approves WorldSpace, Inc. Asset Sale  Mar 21, 2009
    Source: WorldSpace, Inc.. --(BUSINESS WIRE)--WorldSpace, Inc. (WRSPQ.PK) announced that the United States Bankruptcy Court in Delaware yesterday approved the sale of substantially all of the assets related to the satellite radio business of it and its U.S. subsidiaries, WorldSpace Systems Corporation and AfriSpace, Inc. to Yenura Pte. (Yahoo! Wire -- Entertainment News)

    MI Developments notice of release of fourth quarter and 2008 results and annual meeting  Mar 20, 2009
    MID is a real estate operating company focusing primarily on the ownership, leasing, management, acquisition and development of a predominantly industrial rental portfolio for Magna International Inc. and its subsidiaries in North America and Europe. MID also acquires land that it intends to develop for mixed-use and residential projects. (PR Newswire)

    JCC sells Camp Lakeland  Mar 19, 2009
    The property is under contract with , a real estate holding company in Jamestown, which plans to transfer ownership to a yet-to-be-formed nonprofit organization ... Stay up to date on the latest news from within the commercial real estate industry. (Buffalo Business First, NY)

    TM Entertainment and Media, Inc. Announces Rescheduling of Annual Stockholders' Meeting  Mar 17, 2009
    Source: TM Entertainment and Media, Inc.. NEW YORK, March 16 /PRNewswire-FirstCall/ -- TM Entertainment and Media, Inc. (the "Company") (Amex: - ), today announced that its previously scheduled Annual Meeting of Stockholders for the purpose of electing directors and transacting any other business that may properly come before the meeting in accordance with the Company's By Laws, has been rescheduled from April 14 to May 13, 2009. (Yahoo! Wire -- Entertainment News)

    RadNet Reports Record 2008 Annual and Fourth Quarter Results and Reduces Annual Loss  Mar 16, 2009
    Source: RadNet, Inc.. For the year, RadNet reports Revenue of $502. (Primezone Releases)

    Court Enters Order Restricting Trading in Stock of Pacific Energy Resources Ltd.  Mar 13, 2009
    Source: Pacific Energy Resources Ltd.. LONG BEACH, CALIFORNIA--(Marketwire - March 12, 2009). (CCNMatthews Press Releases)

    TM Entertainment and Media, Inc. Hires MacKenzie Partners, Inc.  Mar 5, 2009
    Source: TM Entertainment and Media, Inc.. NEW YORK--(BUSINESS WIRE)--TM Entertainment and Media, Inc. (AMEX: - ) (the Company) today announced that it has hired MacKenzie Partners, Inc. as the Companys proxy solicitor and advisor in connection with (1) the Companys consent revocation solicitation against Opportunity Partners L.P., (2) the Companys 2009 annual meeting of stockholders and (3) any special meeting of stockholders to approve a business combination between the Company... (Yahoo! Wire -- Entertainment News)

    RadNet, Inc. Announces Date of Fourth Quarter and Full Year 2008 Earnings Conference Call  Mar 3, 2009
    Source: RadNet, Inc.. LOS ANGELES, March 3, 2009 (GLOBE NEWSWIRE) -- RadNet, Inc. (NasdaqGM: - ), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and operated outpatient imaging centers, announced today that it will host a conference call to discuss its fourth quarter and full year 2008 results on Monday, March 16th, 2009 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time). (Primezone Releases)

    Erdene Concludes Reverse Takeover of Beta Minerals Inc.  Feb 28, 2009
    Source: Erdene Resource Development Corporation. New Specialty Kaolin Business Launched. (CCNMatthews Press Releases)

    Judge calls for receiver at Statler  Feb 28, 2009
    for free extra services. Subscribe to Business First. (Buffalo Business First, NY)

    2009: A Challenging Year for Entertainment and Media Deal Makers  Feb 28, 2009
    Source: PricewaterhouseCoopers' Transaction Services. Completed 2008 transaction value exceeded $150 billion due to 2006 "mega" deal backlog; 2008 transaction volume off 17% from 2007 pace. (Yahoo! Wire -- Entertainment News)

    Calif. builder files for bankruptcy protection  Feb 21, 2009
    Dubai-based Emaar Properties, one of the world's largest developers, bought John Laing for more than $1 billion in 2006 during the real estate boom. Emaar last week reported a fourth-quarter loss based mostly on a $482 million write-down in goodwill at John Laing. (San Francisco Chronicle -- Business)

    Rosetta Resources Inc. Announces Year End 2008 Financial Conference Call  Feb 20, 2009
    Source: Rosetta Resources Inc.. HOUSTON, Feb. 19, 2009 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. (``Rosetta'')(NasdaqGS: - ) today announced it will hold its 2008 year end results conference call on Monday, March 2, 2009. (Primezone Releases)

    Abraxas posts loss for 2008  Feb 18, 2009
    Stay up to date on the latest news from within the commercial real estate industry ... San Antonio Real Estate. (San Antonio Business Journal, TX)

    Martin Group reworks Main St. plan  Feb 17, 2009
    Stay up to date on the latest news from within the commercial real estate industry. News, analysis and ideas that defy the odds and the times. (Buffalo Business First, NY)

    Midway Receives Court Approval of Cash Collateral and Other First Day Motions  Feb 17, 2009
    Source: Midway Games Inc.. Court Authorizes Company to Utilize Cash, Continue Salary and Other Employee Benefits, Pay Pre-Petition Claims to Critical Vendors, Pay for Post-Petition Goods and Services. (Yahoo! Wire -- Entertainment News)

    TM Entertainment and Media, Inc. Receives Notice of Delisting from NYSE  Feb 14, 2009
    Source: TM Entertainment and Media, Inc.. NEW YORK--(BUSINESS WIRE)--TM Entertainment and Media, Inc. (AMEX: - ) (the Company) today announced that on February 10, 2009 it received a notice from NYSE Alternext US (the Exchange) indicating that the Company is below certain of the Exchanges continued listing standards due to its failure to hold an annual meeting of stockholders in 2008 as set forth in Section 704 of the Exchanges Company Guide. (Yahoo! Wire -- Entertainment News)

    Midway Games files Chapter 11  Feb 13, 2009
    This years group feature a cross-section of professionals, from a real estate guru who writes. Looking for a new job. (Crain's Chicago Business)

    Power Integrations Settles Patent Litigation With BCD Semiconductor  Feb 12, 2009
    Source: Power Integrations, Inc.. Feb. 11, 2009 (GLOBE NEWSWIRE) -- Power Integrations (NasdaqGS: - ), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that it has agreed to terms of a settlement in its patent litigation with BCD Semiconductor. (Primezone Releases)

    FPI MB Entertainment LLC Enters Into Contract With Bankruptcy Court Trustee to Purchase Assets of Hard Rock Park  Feb 12, 2009
    Source: FPI MB Entertainment LLC. MYRTLE BEACH, S.C., Feb. 11 /PRNewswire/ -- FPI MB Entertainment LLC (FPI MBE) announced today it has entered into a contract to purchase substantially all the assets of Hard Rock Park in Myrtle Beach, S.C. The group's contract is with the appointed Chapter 7 Trustee in the United States Bankruptcy Court for the District of Delaware. (Yahoo! Wire -- Entertainment News)

    Muzak Files Voluntary Chapter 11 Petitions to Facilitate a Balance Sheet Restructuring  Feb 11, 2009
    Source: Muzak Holdings LLC. Operations to Continue as Normal. (Yahoo! Wire -- Entertainment News)

    Rochester Headquarters for eBaum's World Closed  Feb 10, 2009
    ROCHESTER, N.Y., Feb. 9 /PRNewswire/ -- On or about January 26, 2009 Eric Bauman and Neil Bauman filed claims against ZVUE Corporation, a Delaware corporation, in the New York State Supreme Court, New York County, seeking payment for unpaid salaries. On or about January 29, 2009, ZVUE Corporation commenced legal action against Eric's Universe, Inc., Eric Bauman and Neil Bauman in the New York State Supreme Court, New York County, for various matters related to the performance of certain... (Yahoo! Wire -- Entertainment News)


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