Distressed Asset Investments

  • Market Rebound Transforming RE Auctions

    CHICAGO—Once considered a tool to dispense with bank-owned and distressed assets, many are now using auctions for higher-quality properties.

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  • NAIOP Chair’s View: ‘Aggressive Optimism’

    ATLANTA—SDM Partners’ Steve Martin, who is also 2015 chair of NAIOP, sounds off on issues that matter to you in part two of this EXCLUSIVE interview.

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  • Investors Prefer Flipping Over Renting

    IRVINE, CA—Auction.com finds that investors during fourth-quarter 2014 preferred flipping properties to holding and renting them, although investor intent varies considerably by type of auction and investor profile.

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  • Underwater Properties Down, Decrease From Peak

    IRVINE, CA—The number and share of seriously underwater homeowners at the end of the fourth quarter of 2014 were both at their lowest levels since RealtyTrac began tracking home equity trends in the first quarter of 2012.

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  • Delia’s Retains A&G to Liquidate Hanover, PA DC and Store Leases

    HANOVER, PA—In the wake of its recent Chapter 11 bankruptcy filing, clothing retailer Delia’s Inc. has retained A&G Realty Partners to manage the sale of its 71 retail store leases and the fee owned 435,765-square-foot distribution center in Hanover, PA.

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  • Naples’ Most Dramatic Turnaround Story

    MIAMI—13th Floor Investments principal Michael Nunziata tells GlobeSt.com’s Jennifer LeClaire how his firm repositioned this distressed asset for success.

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  • AC Residential Development Bill Advances

    TRENTON, NJ—A bill sponsored by Sen. Jim Whelan (D-Atlantic County) to encourage developers to build owner-occupied housing units within Atlantic City was approved Thursday by the Senate Economic Growth Committee. The proposed legislation, which now moves to the Senate Budget and Appropriations Committee for further review, would encourage development of multifamily properties like condominiums and duplexes.

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  • On Taking Risks and Being Contrarian

    NEWPORT BEACH, CA—Seeking tertiary markets and focusing on distressed assets has helped TwinRock Partners sidestep the competition and achieve greater upside value, its principals say.

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  • Foreclosure Starts Increase to 17-Month High

    IRVINE, CA—While the number of US residential properties with foreclosure filings is down 18% in 2014 from the previous year, the number of starts is increasing as properties continue to work through the system, RealtyTrac reports.

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  • City’s Fortunes a ‘Roller Coaster,’ Says Mayor Guardian, But 'Stars Are Aligning'

    ATLANTIC CITY, NJ—Atlantic City’s fortunes over the past several decades has seemed like a “roller coaster,” but Mayor Donald Guardian is convinced that “the stars are aligning for Atlantic City.” The mayor spoke exclusively to GlobeSt.com at an Urban Land Institute breakfast. Watch a video of our conversations with Mayor Guardian, Collingswood, NJ, Mayor James Maley, and former Pittsburgh Mayor Thomas Murphy.

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  • Where Does Institutional Money Stand with SFRs?

    IRVINE, CA—A transition out of the acquisition phase and into the property-management phase is what we’ll see with institutional capital in the single-family-rental market, RealtyTrac’s Daren Blomquist tells GlobeSt.com EXCLUSIVELY .

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  • Where Will Wall Street Remain Landlord?

    IRVINE, CA—Denver and Seattle are the two Western markets among the regions where institutional capital has purchased the most single-family rentals in the country, according to a new report from RealtyTrac.

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  • Judge Approves Revel Sale to Straub

    ATLANTIC CITY, NJ—A bankruptcy court judge on Monday approved the sale of the shuttered Revel Casino Hotel here to Glenn Straub. However, a representative of the Florida developer says the price tag is too high.

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  • US Annual Home Price Appreciation Slows

    IRVINE, CA—In most metros, prices rise only by single-digit percentages from a year ago, indicating a return to a more normal market, RealtyTrac reports in this UPDATE to an earlier story.

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  • Median and Distressed Home Prices Rise

    IRVINE, CA—While prices are up from a year ago, the average price of a home remains flat from the previous month, according to a report from RealtyTrac.

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  • What’s on Tap for the Residential Market?

    IRVINE, CA—The transition from a rebounding market to a reality-based market is the most significant change to occur in the residential sector during 2014, RealtyTrac’s Daren Blomquist tells GlobeSt.com in this EXCLUSIVE Q&A.

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  • Some Fracking Markets See Rent Jumps

    IRVINE, CA—Markets whose fair-market rents are increasing the most, including Williamsport, PA; and Midland, TX, are experiencing oil and gas booms facilitated by fracking, RealtyTrac reports in this UPDATE .

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  • Straub Wants Discount to Buy Revel Casino

    ATLANTIC CITY—Florida developer Glenn Straub says that because he believes the auction for the Revel Casino was not conducted fairly, he should be granted an $8-million discount.

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  • Makes Sense to Rent Where Millennials Live

    IRVINE, CA—Renting a home is less affordable than buying in most US markets, but not where Millennials are moving the most, according to a report from RealtyTrac.

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  • GSA Seeks Deep Pocketed Developers for FBI Project

    WASHINGTON, DC—The General Services Administration is seeking a well-heeled developer to build a new 2.1-million-square-foot headquarters for the FBI and take the law enforcement agency’s current Hoover headquarters as compensation.

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