Hotel deep-six (The Deal Magazine) he Noble Organization, a hotel real estate fund, management and development group, should be perfectly situated in today’s distressed commercial property environment. The number of hotel-related defaults has exploded in the past year or so and now reaches $32.3 billion, according to real estate research firm Real Capital Analytics Inc., …
Category Archives: Commercial Properties
Florida Foreclosure Auction Web Sites Confuse Consumers
Florida Foreclosure Auction Web Sites Confuse Consumers Over the past year, I’ve covered Florida’s deep foreclosure problem on multiple occasions. To attempt to cope with the growing foreclosure inventory, the state government has turned to an eBay-like online foreclosure auction system. While utilizing the Internet may be a smart means for making the auction process …
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Lakewood Ranch firm buys lots … $81 million worth [Central Florida]
Lakewood Ranch firm buys lots … $81 million worth [Central Florida] Starwood Land Ventures, a Lakewood Ranch firm formed three years ago to acquire distressed real estate, has scored one of the largest land purchases in Florida in the past year. Starwood Land officials say the company’s $81 million acquisition of nearly 5,500 lots from …
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Mortgage lenders pursue homeowners even after foreclosure
Mortgage lenders pursue homeowners even after foreclosure As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind …
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Skiers Buy Vacation Homes as Prices Melt
Skiers Buy Vacation Homes as Prices Melt OVER the holiday season all was snowy and bright at ski areas across the country, with a festive jingle in the air. It wasn’t sleigh bells — it was the sound of money. Vacation-home seekers who saw recessionary opportunities were looking to buy. Many were ready to pay …
Tough times for commercial real estate
Tough times for commercial real estate To borrow a biblical expression, it may be easier these days to pass a camel through the eye of a needle than it is to get a commercial real estate loan. Despite federal bail-out money intended to stimulate lending, loans for investment in office buildings, shopping centers, industrial sites …