Hotels Deliver Some ‘Jingle Mail’ ‘Jingle mail” isn’t just for homeowners anymore. From San Diego to Dearborn, Mich., an increasing number of hotel owners in the U.S. market are simply walking away from money-losing properties and forfeiting them to lenders. The rise in hotel forfeitures is the product of the worst hotel market since the …
Category Archives: Commercial Properties
Real estate: South Florida business tenants benefit from troubled commercial real estate market
Real estate: South Florida business tenants benefit from troubled commercial real estate market Venerable law firm Proskauer Rose is getting new digs. Sort of. The 134-year-old firm, in Palm Beach County since 1977, recently announced plans to stay at One Boca Place in Boca Raton. It’ll expand into larger offices and consolidate on one floor …
Big dreams for hotels are falling flat
Big dreams for hotels are falling flat After the residential real estate market peaked in the summer of 2005 and the commercial market began to cool a year later, hotels enjoyed a brief period in which they were viewed as the hottest commodity in a rapidly shrinking real estate world. Developers of all dimensions announced …
More high-end properties sitting on the market
More high-end properties sitting on the market After 14 months on the market and about a $1.2 million price cut, a large, newly built home in the Oakland hills is on the verge of selling, assuming the bank allows it to trade for less than what’s due on the loan. The approximately $950,000 “short sale” …
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Corus Has Buyers for Its Condos: Vultures
Corus Has Buyers for Its Condos: Vultures Corus Bankshares Inc.’s recent warning that it could be placed into receivership by federal regulators has set off a scramble among real-estate investors who hope to pick up the lender’s nonperforming loans. The Chicago-based firm, which became one of the leading lenders to high-end condominium towers from Miami …
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Understanding the ’08 and ’09 Home Buyer’s Credits
Understanding the ’08 and ’09 Home Buyer’s Credits Does the tax credit for first-time home buyers need to be repaid? I have heard different stories and need to have this clarified. My son recently bought his first home. Will he receive a check for the credit, and, if so, when will he get the money? …
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