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Capital Freeze Thaws for Real-Estate Funds
Wed, 01 Sep 2010 14:19:54 EDT
Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash...[read more]
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New Resorts Owners Roll Dice
Wed, 01 Sep 2010 14:22:47 EDT
Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues...[read more]
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Citigroup Gets Burned in the Caribbean
Thu, 02 Sep 2010 22:48:20 EDT
The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years...[read more]
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Corio's Turkish Strategy Stumbles
Wed, 01 Sep 2010 05:47:20 EDT
The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions...[read more]
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Help for Hyatt Isn't Enough
Tue, 31 Aug 2010 17:57:32 EDT
A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain...[read more]
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