Linens ’n Things retail stores disappeared from shopping centers coast-to-coast after the chain went bankrupt and liquidated its stock, but the familiar brand is about to be revived after a joint venture bought the...
As major retailers file for bankruptcy and vacate stores, a domino effect is taking hold across the country. Shopping centers are reeling from the loss of income, and some are so hard-hit that the owners are handing...
One of the coolest joints for an overnight stay in Boston is the $150 million, 298-room Liberty Hotel, a converted jail that has attracted a slew of celebrities from Paris Hilton and Bruce Willis to British...
As retail chains close unprofitable stores across the country, remaining tenants at the shopping centers are increasingly invoking clauses in their leases that give them the right to pull out of a center without...
It’s been a busy week for President Barack Obama. On Tuesday he signed into law his $787 billion economic stimulus plan. Earlier today, he unveiled a $75 billion program to stem the tide of home foreclosures. To what...
When Los Angeles auctioneer and software executive William Stevenson planned the simultaneous sale of 79 residential lofts in the city’s historic financial district on Feb. 8, he had no idea how successful the event ...
A new report from the Mortgage Bankers Association (MBA) shows a dramatic drop in commercial and multifamily mortgage loan originations in the fourth quarter of 2008. Originations fell 80% from the same period of 2007...
Wachovia Securities was the nation’s largest commercial real estate loan servicer in 2008 with $412.9 billion in loans serviced, a new report shows. Wachovia Securities serviced 91,591 loans with an average value of ...
The commercial mortgage delinquency rate rose to 2.6% in the fourth quarter of 2008 and is expected to surpass 3% this year, which would be the highest level in 13 years. The rise in delinquencies is worrisome in view...
