Grubb & Ellis amends senior credit facility in part to defer partial prepayment of $27.3MOctober 1st, 2009 Grubb & Ellis amends senior credit agreementSANTA ANA, Calif. — Grubb & Ellis Co.
Analyst upgrades DiamondRock, Host Hotels & Resorts, LaSalle Hotel Properties to 'Buy'September 8th, 2009 Ahead of the Bell: Hotel REITS upgradedNEW YORK — An analyst upgraded shares of several hotel real estate investment trusts on Tuesday on factors including stabilizing occupancy, improving liquidity and strong balance sheets. Stifel Nicolaus analyst Rod Petrik raised his ratings on DiamondRock Hospitality Co., Host Hotels & Resorts Inc.
Fitch: Banks face more difficult credit trends amid exposure to commercial real estate lossesAugust 21st, 2009 Fitch: Banks face more difficult credit trendsNEW YORK — Fitch Ratings analysts said Friday they expect U.S. banking companies to continue to face rising credit costs and a difficult operating environment in the coming months.
WesBanco revises Q2 results lower due to bad real estate loanAugust 10th, 2009 WesBanco revises Q2 results lowerWHEELING, W.Va. —WesBanco Inc.
German lender Hypo Real Estate reports euro750 million loss for 2nd quarterAugust 7th, 2009 Hypo Real Estate reports $1.08 billion 2Q lossBERLIN — Nationalized German lender Hypo Real Estate Holding AG said Friday that it lost euro750 million ($1.08 billion) in the second quarter as hefty loan loss provisions weighed down its performance. The net loss for the April-June period compared with a profit of euro12 million a year earlier.
A breakdown of servicers taking part in Treasury's loan-modification plan to aid homeownersAugust 6th, 2009 The servicers in gov't loan-modification planA look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners.
LaSalle Hotel Properties climbs as 2nd-quarter FFO easily beat Wall Street's expectationsJuly 23rd, 2009 LaSalle rises as 2Q FFO tops analysts' estimatesNEW YORK — Shares of LaSalle Hotel Properties rose Thursday as the hotel real estate investment trust's second-quarter funds from operations easily beat Wall Street's expectations. Late Wednesday the Bethesda, Md.-based company reported FFO of 70 cents per share, for the period ended June 30.
Germany's Hypo Real Estate says it expects 'significant' burdens on earnings in 2nd quarterJune 22nd, 2009 Hypo Real Estate warns of hefty 2Q burdensBERLIN — Hypo Real Estate Holding AG, the troubled lender in which the German government has taken a majority stake, said Monday that risk provisions will again lead to a "significant" burden on earnings in the second quarter. Munich-based Hypo Real Estate said in a statement that it "anticipates significant burdens on income for the second quarter ...
Investors show no appetite for Fed program to bolster commercial real-estate loansJune 16th, 2009 Commercial real-estate loans draw no interestWASHINGTON — Investors showed no appetite for a government plan intended to boost the availability of commercial real-estate loans. The Federal Reserve Bank of New York says it received no investor requests for loans by Tuesday's deadline.
Investors request $11.5 billion worth of loans from Fed consumer lending programJune 2nd, 2009 Investors seek $11.5B from consumer loan programWASHINGTON — Investors on Tuesday showed a bigger appetite for participating in a government program intended to boost the availability of loans to consumers and small businesses at cheaper rates. Investors requested $11.5 billion worth of loans, the Federal Reserve Bank of New York said.
Realty industry hopes for better days under new governmentMay 17th, 2009 NEW DELHI - India's realtors, one of the worst-hit by the slowdown, believes the sector will get more attention under the new government given its professed thrust on infrastructure. Anuj Puri, chairman and country head of realty consultancy Jones Lang LaSalle Meghraj, says the industry can expect the broad reform agenda would continue under the next United Progressive Alliance (UPA) government and the realty sector to benefit.
Expert: $375M loan to exclusive Yellowstone Club in Montana was based on faulty projectionsMay 4th, 2009 Expert: Club's loan based on faulty projectionsMISSOULA, Mont. — A real estate expert says a $375 million loan to the Yellowstone Club before it sought bankruptcy protection was based on faulty assumptions that sales at the exclusive Montana club would be brisk.
AP Sources: Fed mulls longer loans in TALF program aimed at bolstering commercial real estateMay 1st, 2009 AP sources: Fed mulls longer loans as part of TALFWASHINGTON — The Federal Reserve is considering allowing longer loan terms in a program aimed at bolstering commercial real-estate lending, according to people with knowledge of the matter. The aim is to make the yet-to-be-launched program more attractive to investors.
Chennai industrialist buys cinema multiplex for Rs.80 croreMay 1st, 2009 CHENNAI - Paramasivam Pillai, a city-based industrialist, purchased a landmark cinema multiplex here through public auction for over Rs.80 crore, its auctioneers said Friday. 'With four cinemas and a seating capacity of over 2,300 per show, the Udhayam complex is one of the biggest multiplexes in Asia in the heart of the city.
With housing sales dropping, brokers eye rental marketJanuary 18th, 2009 NEW DELHI - With property sales plummeting by around 50 percent, real estate brokers have begun looking at the rental market to stay afloat. 'Eventually, we are depending on the rental market to keep our business going,' said Atul Khanna of brokerage firm Khanna Properties, who joined the business in 2004 when the realty business was in full swing.
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