NEW YORK CITY-Defaulting on mortgage debts has now extended from the homeowner market to the commercial real estate market, with a number of commercial property owners surrendering their properties upon defaulting on loans.
DETROIT-A report released on Tuesday shows that homeowners who had recently modified their mortgages are doing better than those who had done so earlier in the housing market crisis.
LAS VEGAS-Whitehall Street Global Real Estate Limited Partnership and Colony Capital LLC, owners of the 2,955-room Las Vegas Hilton, have signed a deal to extend the due date of the hotel's $225 million mortgage loan to late 2012 with Gramercy Capital Corp. and Goldman Sachs Group Inc., the lenders.
NEW YORK CITY-LNR Partners Inc. has filed papers requesting a bankruptcy judge to stop a plan that would transfer ownership of the W New York-Union Square to Host Hotels & Resorts Inc.
NEW YORK CITY-The stock market plummeted for a fourth day after an unsatisfying report on homes was released, exacerbating concerns of US economic recovery.
NEW YORK CITY-Appaloosa Management LP is claiming that the Innkeepers USA Trust and Lehman Brothers Holdings Inc. are signing a bankruptcy-plan support pact that would adversely affect the business of Appaloosa.