Tire Distributor Selects Charleston Port Area for 1.1M-Sq-Ft Warehouse
October 12th, 2009One of the largest marketers of automotive replacement tires has announced plans to occupy a 1.1 million-square-foot distribution center to be developed in Summerville, SC.
TBC Corp. will occupy the space in the Rockefeller Group Foreign Trade Zone…
Foreclosures Rise in Housing Top Tiers
October 11th, 2009Foreclosures are rising in the more expensive housing markets, new data suggest.
CoStar’s Retail News Roundup: Oct. 11 to 17, 2009
October 11th, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Target and Sarku Japan; closings, cutbacks, defaults, or bankruptcy news at B. Dalton and Four Shopping Centers; acquisition, merger, loan, sale, or IPO activity at Delhaize…
Wall Street Reworks Mortgages
October 9th, 2009A new wave of repackaged mortgage investments, “re-remics,” are emerging as banks and insurers seek to make soured securities look better.
Marriott Warns of More Challenges
October 9th, 2009Marriott cautioned that investors who are expecting the recession-battered hotel industry to benefit from an economic recovery might have to wait.
Retail Vacancies Hit Multiyear Highs
October 7th, 2009Retail-vacancy rates hit a multiyear high in the third quarter, adding to pressure on shopping-mall owners.
Starwood Capital Wins Rights to Corus Bank Assets
October 7th, 2009The Federal Deposit Insurance Corp. (FDIC) signed a bid confirmation letter to sell a 40% equity interest in a limited liability company created to hold assets of Corus Bank NA to Northwest Investments LLC, a consortium managed by Starwood Capital Group…
$12 Billion Committed to Treasury’s Legacy Securities Program
October 7th, 2009Five Public-Private Investment Funds established under the U.S. Treasury’s Legacy Securities Public-Private Investment Program (PPIP) have completed initial closings, each with at least $500 million of committed equity capital from private investors…
Update: Bank Watch: Capmark Financial Pours $600 Million into its Ailing Bank
October 7th, 2009Capmark Bank, the wholly-owned Utah industrial bank subsidiary of Capmark Financial Group Inc., agreed to a cease and desist order with each of the Federal Deposit Insurance Corp. (FDIC) and the Utah Department of Financial Institutions. The orders require…
Bank Watch: Capmark Financial Pours $600 Million into its Ailing Bank
October 7th, 2009Capmark Bank, the wholly-owned Utah industrial bank subsidiary of Capmark Financial Group Inc., agreed to a cease and desist order with each of the Federal Deposit Insurance Corp. (FDIC) and the Utah Department of Financial Institutions. The orders require…
