Real Estate News

Title: Helmsley Estate Sells Manhattan Hotel
Link: http://online.wsj.com/article/SB10001424052748704784904575111483553305638.html?mod=residential_real_estate
Date : Wed, 10 Mar 2010 10:13:24 EST
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

Title: Fortis Sues Lender Kennedy in Debt Case
Link: http://online.wsj.com/article/SB10001424052748704655004575114164124304120.html?mod=residential_real_estate
Date : Thu, 11 Mar 2010 09:42:22 EST
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.

Title: European REIT Rollout at Hand
Link: http://online.wsj.com/article/SB10001424052748704145904575111590753192832.html?mod=residential_real_estate
Date : Wed, 10 Mar 2010 09:58:20 EST
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.

Title: General Growth Debt Bet Pays Off
Link: http://online.wsj.com/article/SB10001424052748703954904575110102914237396.html?mod=residential_real_estate
Date : Wed, 10 Mar 2010 10:03:57 EST
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.

Title: Marriott Expands in Europe
Link: http://online.wsj.com/article/SB10001424052748703954904575109854284132246.html?mod=residential_real_estate
Date : Tue, 09 Mar 2010 08:10:48 EST
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.

I don't know if you do this for everyone or not, but you sure went the extra Mile for us! The value that we got for our home is just unbelievable. You definitely have an eye for the cutest/nicest looking homes on the block. Five years later we're still getting compliments from people.

Rispectfully,

Henrik Ghaloostian
Business Owner