Distressed Asset Investments

TEMPE, AZ-Interwest Capital and Angelo, Gordon & Co. pay $46 million to servicer Petra Capital Management. The new owners plan upgrades to the tune of $5,000 per unit.

CHICAGO-The former large housing project has finally been fully demolished, and this next building will include mixed-income housing and a medical office.

NASSAU BAY, TX-The Houston investor acquires the class B building -- as well as the 238,000-square-foot Monaco Park in Denver -- from LNR through Auction.com.

IRVINE, CA-Eleven of the 20 largest US metros post foreclosure increases in April—all in the Midwest, South and East Coast.

DUBLIN-The agency will invest $2.5 billion to build up properties, and another $2.5 billion in purchasing loans, as it works to resolve its acquired Irish bank debt by 2020.

DEERFIELD, IL-The company, run by former Walmart and Toys R’ Us executives, only lasted four months, and will now sell its thousands of children’s items for half off in a quick sale.

NEW YORK CITY-The action comes after the debtors reported operating losses from “decreased room revenue, significant liquidity constraints, considerable debt burden and unprecedented adverse changes in the economy and hospitality industry”, court documents show.

FORT LAUDERDALE, FL-CBRE's Harry Tangalakis tells GlobeSt.com's Jennifer LeClaire the building received minimal interest for a year.

LOS ANGELES-Champion Real Estate Co. has allocated $50 million of equity to a venture with Wilson Commercial Real Estate, which could be leveraged up to $200 million in retail properties over the next three years.

SAN ANTONIO-BC Lynd Hospitality, a JV between BC Commercial Partners and Lynd Co., plans a $24 million renovation and new flag for the 109-year-old downtown hotel.

SAN FRANCISCO-GlobeSt.com chats with the new firm’s managing director Gregor Watson, co-founder of McKinley Partners, about the new company and what opportunities the company sees in distress.

When faced with a vacant or nearly-vacant property, four impactful items need to be evaluated that directly affect an owner’s ability to achieve the highest exit value.

CHICAGO-A local retail survey shows anchor store closings have increased and surpassed openings for the first time in three years, proof the recovery has stalled in the Chicago area.

Same-store sales are improving and retailers are expanding again. Occupancies and rents are up. So are transaction volumes and sales prices. All this has pushed the sector to the forefront of investment conversations.

FORT LAUDERDALE, FL-Aztec Group's Ezra Katz tells GlobeSt.com's Jennifer LeClaire the notion of "bottom" differs from deal to deal.

PALM BEACH, FL-Reichel fast-tracked the sale, giving the new owner an opportunity to open the the morning after Lainhart & Potter closed it.

For Distressed Asset Investments, Real Capital Analytics provides a monthly listing of direct-investment properties financed with balance sheet and CMBS loans.

Trepp charts individual properties within distressed CMBS pools, broken down by property type. These listings are updated monthly by Trepp for DAI.

DALLAS-Ernst & Young's Seyfarth breaks down the changing role of special servicers in the distress environment.

MADRID-BBVA and Santander are complying with a new government request, as the country, in another recession, hopes to see slight growth by 2013.