Category: commercial real estate
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What’s in your wallet? Answer—> The Banks!
What’s in your wallet? Answer—> The Banks! 10 Things Your Bank Won’t Tell You
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Akron-area home values keep sliding
Nearly a quarter of all homeowners in Summit and Portage counties owe more on their mortgage than their home is currently worth as values fell from a year ago, according to the latest research by the online real estate firm…
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More than one in five homeowners underwater: Zillow
Home values in the United States extended their fall in the first quarter, with more than one in five homeowners now owing more on their mortgages than their homes are worth, real estate website Zillow.com said on Wednesday.
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Ford Posts $1.4 Billion Loss, Burns Less Cash
Ford Motor Co. said it has enough money to make it through this year after posting a smaller-than-expected first-quarter loss amid cost-cutting that helped the auto maker slow its cash burn.
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Commercial Real Estate and the Hovering Crisis
The credit crunch has thus far focused on the residential mortgage mess. But with $1.3 trillion in loans to shopping centers and other commercial properties coming due between now and 2013, another time bomb is ticking. In a report scheduled…
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An Effort to Save a City by Shrinking It
FLINT, Mich. — Dozens of proposals have been floated over the years to slow this city’s endless decline. Now another idea is gaining support: speed it up.
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Freddie Mac CFO found dead ~ 41 years of age ~ Suicide possible
David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.
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The Making of a Landlord
I was chased by a wild dog. The Making of a Landlord I saw a home so stripped someone had even taken the front door. I attended a foreclosed-home auction that featured cheerleaders yelling in my ear. Finally, in March,…
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Boston’s John Hancock Tower, New England’s tallest building, was sold Tuesday in a foreclosure auction held by an investor group for $660.6 million, half the price paid by real-estate private-equity firm Broadway Partners three years ago
Boston’s John Hancock Tower, New England’s tallest building, was sold Tuesday in a foreclosure auction held by an investor group for $660.6 million, half the price paid by real-estate private-equity firm Broadway Partners three years ago.
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General Growth (2nd largest U.S. Mall owner) files for bankruptcy protection
General Growth Properties Inc, the second largest U.S. mall owner, filed for bankruptcy protection on Thursday in one of the biggest real estate failures in U.S. history.
The Commercial Real Estate Alpha Site 