CB Richard Ellis Group Inc., the world's largest commercial property broker, fell the most in four years after abandoning plans to raise up to $400 million in a private offering and saying it will instead sell shares to the public. The stock...
The nation's largest commercial real estate services firm, Los Angeles-based CB Richard Ellis, has reported a 13% decline in third-quarter revenue from the same period in 2007, and CEO Brett White says that amid deteriorating global economic...
Al Boscov admits his bid to regain control of the department store chain named after his family is the final hope for the bankrupt retailer's survival. “We have to sort of pull off a little bit of a miracle,” Mr. Boscov said Wednesday. “If I can...
Mezzanine lender Dominion Capital Management LLC didn't anticipate developing shopping centers when it lent $170 million to developer Premier Properties USA Inc. But that is what Dominion is doing since Premier fell into bankruptcy court last...
Herman Brunson raises an excellent question on a previous post, Private Equity Pain. Will creditors rework loans? I think that the whole securitization model complicates the situation because it's harder to modify loans that are part of CMBS pools...
