Distressed CRE Assets Jump 15% at Nation’s Banks

The amount of distressed commercial real estate assets on the books of the nation's banks and thrifts approached $60 billion as of year-end 2009. That is up from $52 billion just three months earlier, a 15% increase. The $59.9 billion includes loans...

Starwood Buying a Half Billion Dollars in Performing Loans from Teachers

Starwood Property Trust agreed to acquire a $503 million portfolio of performing commercial mortgages from TIAA-CREF for approximately $510 million, plus accrued interest. The fixed-rate portfolio consists of 18 senior first mortgage A-notes and two...

Kennedy Wilson Completes Largest Buy in its History – A Loan Portfolio

International real estate investment and services investment firm Kennedy Wilson has acquired a $342 million loan portfolio from a large regional bank. The loan portfolio is composed of residential, hotel, retail, office, land, multifamily and other...

Bank Watch: Citizens First: Squeezing and Being Squeezed

In an attempt to hang on to every penny Citizens First Bancorp Inc., the Port Huron, MI-based holding company for CF Bancorp, has voluntarily delisted its common stock from the NASDAQ stock exchange. The decision to delist is part of the company's...

CBRE Investors Buys East End Apts. for $100.5 Million

Los Angeles-based CB Richard Ellis Investors purchased the Mass Court apartments at 300 H St. NW in Washington, DC, for $100.5 million, or about $270,889 per unit, according to public record. Prudential Real Estate Investors, acting on behalf of institutional...

Helmsley Estate Sells Manhattan Hotel

The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

General Growth Debt Bet Pays Off

A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.

European REIT Rollout at Hand

With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.

Improvement Seen in CRE Liquidity, But Loan Maturities Loom Large (CoStar Group)

Commercial real estate lending is tentatively starting flow, but as any building owner will attest, credit isn't easy to obtain and the onslaught of maturing commercial mortgages is eroding the confidence of investors. U.S.

Thinning Loan Loss Coffers Tightening CRE Lending

Not only are declining property values, falling rents and rising vacancy rate numbers worrying the commercial real estate community, they are also watching ominous signs in banking industry numbers. Not surprisingly, banks are stowing away more money...

Hot Air » Blog Archive » Monthly deficit hits $220 billion …

As to the TARP-based remedy of buying distressed assets without a firm valuation, that policy was driven by the Fed and Treasury, basically the same team that was running the economy under Bush and Clinton before him. ...

A Poor Economy is a Game Changer for those With Capital …

Additionally, banks looking to dump their distressed assets in return for quick payoffs, are offering properties at cheaper prices, often as low as 25-50% below their worth, thus creating new opportunities for wealth in the current ...