A Warehouses Gamble Sours in Phoenix
July 31, 2009
Almost a dozen giant warehouses sit silent and empty in Phoenix, relics of the city's dashed dream to become a national distribution hub.Receivers’ Catch: Foreclosures
July 30, 2009
Some banks are starting to bypass foreclosure on large, troubled real-estate developments and instead are throwing the properties into receivership.A Tenant’s Twitter Tangle
July 30, 2009
A management company has sued a tenant for libel over a Twitter post complaining about a moldy apartment, according to court records and online reports.Borrowers to Banks: Show Me the Money
July 30, 2009
Developers battling banks to keep funding spigots open on construction projects are taking heart from Citgroup's defeat in its court battle with a mall.Vornado to Raise Funds Via TALF
July 30, 2009
Vornado plans to raise up to $600 million, in a key test of TALF's ability to revive the market for commercial mortgage-backed securities.SEC Alleges Mortgage Fraud
July 30, 2009
The SEC sued four individuals for alleged fraud in connection with raising over $197 million from at least 900 investors nationwide in connection with a Phoenix-based commercial real-estate venture.Law Firm Sees Big Reduction in Rent
July 29, 2009
In the largest Manhattan office lease so far this year, law firm Orrick finalized a deal for 220,000 square feet in "Black Rock," CBS headquarters, at a huge bargain over 2007 prices.Feds push mortgage firms to modify more loans
July 28, 2009
The Obama administration, scrambling to get its main housing initiative on track, extracted a pledge from mortgage companies to improve their efforts to help borrowers from foreclosing.Home prices show signs of stabilizing
July 28, 2009
A widely watched index shows home prices posted their first monthly increase since the summer of 2006, indicating prices are finally stabilizing.Foreclosures often in lenders’ best interest
July 27, 2009
Policymakers have argued that it is a good deal for lenders to cut borrowers a break on mortgage payments, but foreclosing can be more profitable, experts say.