Troubles in the tourism business forced the owners of the landmark Hotel del Coronado to win a one month extension on a troubled $260 million mortgage. "The extension will allow all parties to continue negotiations toward a viable long-term restructuring; however, no assurances can be made that such a restructuring may be achieved. We remain [...]
A Marion County judge approved a lender’s request to foreclose on the four building office complex at Allisonville Road and East 86th Street. The owners of the complex, Blue Real Estate of Glendale, California, defaulted on a $22.6 million loan in June, the foreclosure lawsuit papers say The company bought the office complex back in [...]
Kisco Senior Living recently bought a seniors housing project in San Antoio at auction for less than half of the original cost, which was $37 million. Villa de San Antonio, the development purchased by Kisco, opened four years ago as a continuing care retirement community. It has 114 independent living units, 24 cottages and 55 [...]
Investors in business prospects, by nature always select the most profitable vehicle for their funds portfolio, so to get maximum return on investment. Commercial real estate investment, through real estate deals has been the favorite of institutional investors in U.S. – according to a latest survey. A new study on institutions taken up by J.P. [...]
The ability of the United States to not only recover from her recessionary doldrums, but also her ability to combat inflation and at the same time maintain the integrity of the US financial system will remain key criteria for the US to maintain her status as world economic leader. These strong words come on the [...]
Traditionally, the economic health of a society is measured by its gross domestic product (GDP), however when a recession needs to be defined the subject is far more fluid. Some contend that two consecutive quarters of negative growth in GDP reflect recession, but in more recent years economists have turned to an amalgam of indicators [...]
Many investors will be uneasy to realize that buildings and other structures on property will only depreciate with time. Much like the investment of a brand new motor vehicle, as soon as the new product is ready for consumption its value immediately plummets. Indeed, with commercial property its mere exposure to the elements will be [...]
The theory of a ‘flight to quality’ has been haunting the pages of economic text books since before Warren Buffet was a toddler, and it is now a well accepted routine reaction that markets display toward less than titillating news. Despite the US recessionary fears of 2008 that were said to lead the global recession, [...]
The foreclosure fiasco is engulfing the commercial property real estate – just like the residential properties – but on a larger scale and for different reason of chain reaction. If home owners are caught in the foreclosure tragedy, because of ballooning effect of mortgage interest in a downturn economy, in the case of commercial properties [...]
The distressed real estate market in the United States is fast becoming the much sought after destination for the foreign investors. And it can be said that many foreigners have already made great investments through the distressed properties in the U.S. as pointed out by a study conducted by the realtor professionals and fund managers. [...]
© 2012 Commercial Short Sale Center. All Rights Reserved. Log in - Designed by Gabfire Themes