(LONDON, UK) Blackstone Eyes Fresh European Commercial Real Estate Acquisitions with $4.3B War Chest(LONDON, UK) -- Cash is king and no one knows it better than international real estate giant Blackstone Group.The New York City-based conglomerate says it has raised 3.1 billion euros ($4.3 billion
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06/30/2009
(ORLANDO, FL) Where Leisure Travelers Want To Go(ORLANDO, FL) -- The summer vacation season is now upon us, and the latest results from Y Partnership's travelhorizons survey suggest the industry should be cautiously optimistic about what the next few months will bring. Specifically, fully 54% of
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06/30/2009
(NEW YORK, NY) Pace of Home Price Declines Moderate in April According to S&P/Case-Shiller Home Price(NEW YORK, NY) -- Data through April 2009, released today by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, ... Read More READ FULL STORY HERE: (www.RealEstateChannel.com)
06/30/2009
(SAIGON, VIETNAM) Saigontourist Lines Up 5 Hotel Purchases in Bid to Tackle Recovering Global Markets(SAIGON, VIETNAM) -- With a war chest estimated at over $1 billion, Saigontourist is scouting for 200-room-plus hotels in city centers that will make it a name player in the international lodging
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06/29/2009
(NEW YORK, NY) AIG Unloads Russian Bank Subsidiary to French Bank(NEW YORK, NY) -- American International Group, Inc., (AIG-NYSE) the federal government's poster boy for bailout rescue money, continues to sell off non-core assets, as ordered by the Treasury Department.AIG has received a total $18
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06/29/2009
(CAMP HILL, PA) Rite Aid's $1.9B Refinancing Package Gives Drugstore Chain Fiscal Breathing Room(CAMP HILL, PA) -- The 4,800-store Rite Aid Corp. won a breather today. The Camp Hill, PA-based drugstore chain closed refinancing deals totaling $1.9 billion. Many of the older loans would have come
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06/29/2009
(DUBAI, U.A.E.) Billion-Dollar Merger of Middle East Real Estate Giants Shoots for October Closing(DUBAI, U.A.E.) -- The deal is so big and so unprecedented; none of the parties involved knows the estimated value of the transaction at this date.One thing they do know is that the debt load of the
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06/29/2009
(POTOMAC, MD) Willco Companies to Launch $100 Million Real Estate Investment Fund(POTOMAC, MD) -- Willco Companies, a locally owned and managed commercial property development and investment firm founded in the early 1960's with a five million square foot commercial real estate portfolio, will so
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06/29/2009
(NEW YORK CITY, NY) Jinxed Bank of America Tower in NYC Lines Up $1.3B Loan to Finish Construction(NEW YORK CITY, NY) -- New York City Mayor Michael Bloomberg is calling it the biggest commercial real estate financing package created since the Recession kicked in 20 months ago.Five banks have put
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06/29/2009
(WASHINGTON, D.C.) Big-Name REITs Await Fed's New TALF Loan Program(WASHINGTON, D.C.) -- About a dozen big-name REITs are jockeying for position to participate in the first commercial mortgage-backed securities loan deals undertaken by the federal government.That starting gate is scheduled to co
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06/29/2009
