Movie Gallery May Close Another 1,000 Stores
January 22nd, 2010Movie Gallery Inc. could close another 1,000 stores, and/or file Chapter 11 (again) in efforts to restructure the company, reported the Wall Street Journal, citing people familiar with matter. However, a bankruptcy or official number of closures has yet…
Barbados Shores Up Four Seasons
January 21st, 2010Barbados is bailing out the troubled Four Seasons luxury-resort development on the tiny island by guaranteeing a $60 million bank loan to help restart construction.
Citigroup Aims to Sell Japan Ski Resort
January 21st, 2010The likely buyer would come from a non-Japanese Asian country.
Icahn Wins Bid for Fontainebleau
January 21st, 2010Carl Icahn is poised to take control of the Fontainebleau Las Vegas, a stalled casino hotel development on the Las Vegas Strip.
Trizec, Equity Office Veteran Callahan Launching New Office REIT
January 21st, 2010Timothy H. Callahan is getting back in the REIT arena. The former president and CEO of two former publicly traded REITs, Trizec Properties and Equity Office Properties Trust, filed registration papers to launch his own office REIT: Callahan Capital Properties…
Uno Chicago Grill Files Bankruptcy
January 21st, 2010Uno Restaurant Holdings Corp. filed for bankruptcy protection on Jan. 20, 2010.
The company said it posted a $22.2 million net loss in 2009. The company’s CFO commented, “As the national economy suffered and consumers cut discretionary spending, Uno…
Goldman Subprime Fallout Hits Home
January 20th, 2010In Fort Mill, S.C., people hoped the subprime-mortgage industry would retool the economy. But jobs that popped up in the housing bubble have disappeared — and residents are struggling to make ends meet.
Uno Chicago Grill Files for Bankruptcy
January 20th, 2010Uno Restaurant Holdings Corp. filed for bankruptcy protection on Jan. 20, 2010.
The company said it posted a $22.2 million net loss in 2009. The company’s CFO commented, “As the national economy suffered and consumers cut discretionary spending, Uno…
Large Loans Drive CMBS, CDO Delinquencies Higher
January 20th, 2010The transfer of large balance CMBS loans to special servicing continues to increase as commercial property performance declines, according to Fitch Ratings in the latest edition of What’s in Special Servicing?.
An additional $1.2 billion of loans in…
Real Money (Jan. 21): Capital Raisings, Property Financings
January 20th, 2010PGGM Private Real Estate Fund (PGGM), an investment vehicle for Dutch pension funds, agreed to increase its investment in Behringer Harvard’s growing portfolio of multifamily communities to $300 million. This most recent commitment represents the third…
