Real EstateRSS

  • January 12, 2012

    Hooters Casino Bankruptcy Auction Gets Judge's OK

    A Nevada bankruptcy judge on Wednesday gave the owners of the Hooters Casino Hotel in Las Vegas conditional approval for a disclosure statement that would pave the way for the owners to auction off the property in March.

  • January 12, 2012

    Hotel Property Expert Joins SNR Denton In Atlanta

    A hotels and leisure attorney who had a hybrid hospitality and real estate practice before becoming co-founder of two hospitality groups has joined SNR Denton as a partner in its Atlanta office, the firm announced Wednesday.

  • January 12, 2012

    MERS Overcharge Suit Seeks Class Status

    Plaintiffs suing Merscorp Inc., which runs an electronic mortgage registry system, moved for class certification Thursday in a suit alleging Merscorp overcharged mortgage borrowers during foreclosure and loan modification proceedings.

  • January 12, 2012

    Mariner Grabs Stake In $101M Junk Loans Portfolio

    Financial services firm Mariner Holdings LLC’s real estate investment business has acquired a major stake in a $101 million portfolio of loans at a steep discount from the federal government’s store of failed bank assets, marking the second such investment for the firm, Mariner announced Thursday.

  • January 12, 2012

    MGIC Execs Misled Investors, 7th Circ. Hears

    A pension fund's attorney asked the Seventh Circuit on Thursday to revive her client's putative class action accusing mortgage insurer MGIC Investment Corp. and its executives of misleading investors about an affiliate's financial health ahead of a stock crash.

  • January 12, 2012

    Starwood Capital Lands $312M Loan, Real Estate Portfolio

    Real estate private equity firm Starwood Capital Group said Thursday that it had acquired a $312 million portfolio of performing and nonperforming commercial loans and bank-owned properties mainly in Texas from a regional bank in the Southwest.

  • January 12, 2012

    Wells Fargo Refinances Apollo's $298M MBS Debt‎

    Apollo Commercial Real Estate Finance Inc. has refinanced $298 million in commercial mortgage-backed securities debt outstanding under a loan facility with Wells Fargo Bank NA, replacing it with a new $264.4 million facility and extending its maturity date, the firm said Wednesday.

  • January 12, 2012

    Q&A With Davis Wright's Eugene Grant

    Substantial reforms are needed to avoid land use restrictions being an undue drag on local real estate development in particular and economic recovery generally, says Eugene Grant, co-chairman of Davis Wright Tremaine LLP's national real estate and land use practice group.

  • January 12, 2012

    India's LIC To Raise $96.5M For Urban Development Fund

    Indian mortgage lender LIC Housing Finance Ltd. will create its first private equity fund by raising 5 billion rupees ($96.5 million) to go toward urban development projects, according to a local media report Thursday.

  • January 12, 2012

    Crown Castle Picks Up $500M Wireless Lease Portfolio

    Wireless tower operator Crown Castle International Corp. has purchased a $500 million portfolio of ground leases from Wireless Capital Partners LLC that will generate $42 million per year in cash, Crown Castle said Thursday.

  • January 12, 2012

    Buchanan Picks Up Ex-Goulston Real Estate Pro

    A former director in Goulston & Storrs PC's Washington office has joined Buchanan Ingersoll & Rooney PC's real estate practice, Buchanan announced Wednesday.

  • January 11, 2012

    Brookdale Group Scoops Up Dallas-Area Complex

    Commercial real estate investment firm Brookdale Group has purchased a 1.4 million-square-foot office complex in Irving, Texas, known as the Towers at Williams Square, for an undisclosed price, the company announced Wednesday.

  • January 11, 2012

    Real Estate Group Of The Year: Greenberg Traurig

    Greenberg Traurig LLP started 2011 with the year's biggest single-asset real estate deal – the sale of a 2.9 million-square-foot New York building to Google Inc. — and closed it with a flurry of activity that promises to reshape skylines from Manhattan to Mexico, earning the firm a spot on Law360's Real Estate Practice Groups of 2011.

  • January 11, 2012

    Disaster Bonds To Help Fund $96M Chicago Project

    Taking advantage of the federal government's expanded use for disaster bonds, the city of North Chicago got preliminary approval on Tuesday to draw on $75 million in tax-exempt disaster bonds to help bankroll a $96 million commercial project.

  • January 11, 2012

    PREI Joins Lodging Capital In Texas Four Seasons Venture

    Prudential Real Estate Investors has entered into a joint venture with Lodging Capital Partners LLC for a stake in the Austin, Texas-based Four Seasons hotel, the companies announced Wednesday.

  • January 11, 2012

    Bally, LA Fitness Belted With Post-Sale Membership Suit

    Two Illinois residents hit Bally Total Fitness Holding Corp. and LA Fitness International LLC with a class action on Sunday, claiming LA Fitness' recent $153 million purchase of certain Bally clubs left them with all but meaningless Bally lifetime memberships.

  • January 11, 2012

    Schulte Steers Hearn In $136M Chicago Skyscraper Buy

    Real estate firm The Hearn Co. Inc. has acquired a landmark skyscraper in Chicago’s business district from LaSalle Investment Management for $136 million, the buyer announced Wednesday.

  • January 11, 2012

    As Takeover Looms, Canmarc Buys Properties For $209M

    Canada-based Canmarc Real Estate Investment Trust has agreed to buy two retail properties and a commercial center in Canada for $209 million a week before a hearing on a rival REIT's takeover bid, Canmarc announced Wednesday.

  • January 11, 2012

    US Bank Asks Court To Stop Auction Of Hawaii Hotel

    Petra Capital Management LLC and Deutsche Bank AG affiliates can't auction off a Honolulu hotel until U.S. Bank NA is paid back for a $70 million senior loan on the property, U.S. Bank told a New York state court Tuesday.

  • January 11, 2012

    Buchalter Nemer Gets New RE Practice Partner In Calif.

    Buchalter Nemer PLC, which recently expanded its presence in California, has lured Sedgwick LLP project development and environmental law expert Douglas Wance to join its real estate practice group in Irvine, Calif., the firm said Wednesday.