Penn to Buy Fountainebleau
November 18th, 2009Penn National Gaming agreed to provide debtor-in-possession financing and buy the unfinished Fontainebleau luxury hotel and casino in Las Vegas for $50 million.
Trump Drops Casino-Control Bid
November 18th, 2009Donald Trump and his daughter, Ivanka, have reached a settlement agreement with a group of creditors in the bankruptcy battle over control of Trump Entertainment Resorts.
Simon Explores General Growth Deal
November 18th, 2009Mall owner hopes to take its coveted assets and emerge from bankruptcy. Rivals loom as spoilers.
HSBC’s Housing Woes Lessen
November 18th, 2009The London-based bank is having an easier time unloading homes foreclosed upon during the U.S. subprime crisis. But hurdles loom.
Retail REIT Execs Encouraged By 3Q Leasing Activity
November 18th, 2009While still cautious and subdued, the commentary shared by retail REIT executives during the past few weeks of investor conference calls discussing third quarter financials was markedly more upbeat than in the previous two quarters.
Overall, REIT…
Market Rally Feeds Optimism at Annual REIT Confab
November 18th, 2009Participants in last week’s annual NAREIT convention in Phoenix described the mood in terms ranging from hopeful to full-on ebullience — adjectives not often used for the past two years with respect to most gatherings of commercial real estate professionals…
Lease Up/Lease Down (Nov. 15-21): Bioscience, Cleantech Sectors Spur Job Growth
November 18th, 2009News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source…
Investors Bullish on Health Care Real Estate as Reform Showdown Draws Near
November 18th, 2009With a mammoth health care reform package costing anywhere between $849 billion and $3 trillion hanging in the balance, medical real estate companies will enter 2010 in the throes of debate over its potential impact on their business, especially those…
Citigroup Loses Ruling on Construction Loan, for Now
November 18th, 2009A ruling that Citigroup Inc. must resume lending to a stalled Syracuse, N.Y., mall project could push banks to revisit how they draft construction-loan agreements.
UPDATED: Simon Hires Advisers to Consider General Growth Acquisition Possibilities
November 18th, 2009The country’s largest retail REIT, Simon Property Group (NYSE:SPG), is considering a bid for its bankrupt competitor, General Growth Properties.
Simon media representative, Les Morris, confirmed for CoStar Group this morning that Simon hired investment…
