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BofA Lawyers Rebuked in Cabi Case
Tuesday, March 09, 2010 8:48:55 PM
BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute.
Apollo Signs Citigroup Deal
Tuesday, March 09, 2010 8:27:15 PM
Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty.
BofA Ends Overdraft Fees on Debit Buys
Tuesday, March 09, 2010 8:05:46 PM
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations.
European REIT Rollout at Hand
Tuesday, March 09, 2010 8:01:39 PM
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
Helmsley Estate Sells Manhattan Hotel
Tuesday, March 09, 2010 4:13:14 PM
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
Marriott Expands in Europe
Tuesday, March 09, 2010 6:10:48 AM
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.
General Growth Debt Bet Pays Off
Monday, March 08, 2010 8:17:44 PM
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
General Growth Lines Up More Capital
Monday, March 08, 2010 6:01:12 PM
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.
Farkas Closes Deal to Buy Centerline
Monday, March 08, 2010 7:36:50 AM
The New York real-estate investor will buy one of the nation's largest commercial-mortgage-servicing specialists for $100 million in new equity and assuming $180 million of Centerline's debt.
U.K. REIT Plans IPO
Monday, March 08, 2010 4:11:25 AM
Metric Property Investments hopes to raise £150 million in an IPO on the London Stock Exchange's main market as it seeks to take advantage of the sharp downturn in property values.
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