CBRE Drops After Abandoning Private Offering
Nov 12, 2008
CB Richard Ellis Group Inc., the world's largest commercial property broker, fell the most in four years after abandoning plans to raise up to $400 million in a private offering and saying it will instead sell shares to the public. The stock...
General Growth Warns of Default
Nov 11, 2008
Updated at 12:51 PM ...
Slowdown in Deals Hurts CBRE's Bottom Line
Nov 10, 2008
The nation's largest commercial real estate services firm, Los Angeles-based CB Richard Ellis, has reported a 13% decline in third-quarter revenue from the same period in 2007, and CEO Brett White says that amid deteriorating global economic...
Ranieri Hit by Credit Crunch
Nov 10, 2008
Lewis Ranieri, one of the pioneers behind mortgage-backed securities, is the latest casualty of the credit crunch. ...
Circuit City Files for Bankruptcy
Nov 10, 2008
Update 11:30 AM ...
Boscov: "Chain Needs Miracle"
Nov 07, 2008
Al Boscov admits his bid to regain control of the department store chain named after his family is the final hope for the bankrupt retailer's survival. “We have to sort of pull off a little bit of a miracle,” Mr. Boscov said Wednesday. “If I can...
On Again, Off Again Filene's Project is Off Again
Nov 07, 2008
This has been quite the saga in recent months. ...
DDR Continues to Move
Nov 07, 2008
Another joint venture for the firm as it continues to address its problems and get back on track. ...
Lenders Become Developers
Nov 07, 2008
Mezzanine lender Dominion Capital Management LLC didn't anticipate developing shopping centers when it lent $170 million to developer Premier Properties USA Inc. But that is what Dominion is doing since Premier fell into bankruptcy court last...
Taken From Reader Comments
Nov 07, 2008
Herman Brunson raises an excellent question on a previous post, Private Equity Pain. Will creditors rework loans? I think that the whole securitization model complicates the situation because it's harder to modify loans that are part of CMBS pools...
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