Last Updated: June 30, 2009 06:01pm ET

Colony Financial REIT Files $500M IPO

By Bob Howard

CENTURY CITY, CA-The new REIT, which will buy distressed assets, will be managed by a subsidiary of Colony Capital LLC, which has a long history of investing in troubled assets.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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