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ChicagoJune 3, 2010 The Four Seasons at Las Colinas Irving, TX
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Drawing to a Quick Close
By Paul Bubny
NEW YORK CITY-Avant Capital’s niche bridge-loan program aims to capitalize on the small-balance opportunities that are likely to proliferate as assets are sold off. ... Full Story
Flood Damage Shuts Downtown Office Tower
By Daniel Wise and Zach Lowe
NEW YORK CITY-The 51-story 140 Broadway, headquarters of Brown Brothers Harriman and several law firms, is closed until at least Monday. ... Full Story
Writers Guild Pens New Chapter
By Paul Bubny
NEW YORK CITY-The writers' union is moving its headquarters to the Hudson Square area, highlighting this week's wrap-up of deals. ... Full Story
Tax Change Could Spur Foreign Buyers
NEW YORK CITY-Passage of the Real Estate Revitalization Act of 2010 could eliminate a tax burden for overseas investors, says Savills' Lyons. ... Full Story
Canon Gets Key Approval for New HQ
By Paul Bubny
HUNTINGTON, NY-The town’s planning board has completed a two-year review process by signing off on the imaging giant’s planned 1.2-million-square-foot office facility. ... Full Story
Leasing Shows More Evidence of Stability
By Paul Bubny
NEW YORK CITY-February's volume across the three Manhattan submarkets was up from a year earlier, while vacancy rates and asking rents held steady. ... Full Story
Anthracite Capital Files for Chapter 7
By Paul Bubny
NEW YORK CITY-The REIT, which was externally managed by a unit of BlackRock, had been delisted from the New York Stock Exchange in December. ... Full Story
Investors’ Outlook Turns Positive in Q1
By Paul Bubny
NEW YORK CITY-Challenges remain, but most respondents to the quarterly Korpacz survey say they finally see light at the end of a very long tunnel. ... Full Story
Law Firm Renewing 200,000 SF Downtown
By Ian Ritter
NEW YORK CITY-Kenyon & Kenyon is close to staying put in all 12 stories of One Broadway, the Post reports. ... Full Story
Condo Buyers Can't Rescind Contracts in Downturn
By Mark Fass
NEW YORK CITY-A judge has declined to invalidate the contracts of apartment buyers who changed their minds when construction on the project slowed. ... Full Story
Deloitte Reinforces Distressed Debt Practice
By Paul Bubny
NEW YORK CITY-Guy Langford, who now heads the distressed group, says the team offers ‘multiple capabilities’ to meet the specific requirements of lenders, borrowers and investors. ... Full Story
GlobeSt.TV: Strong Tenants Key to Transactions
By Paul Bubny
NEW YORK CITY-Leo Wells, founder Wells Real Estate Funds, talks with GlobeSt.com's Ian Ritter about investment opportunities. ... Full Story
City Federalizes 21 Housing Projects
By Paul Bubny
NEW YORK CITY-The housing developments, which did not previously qualify for federal subsidy, will receive stimulus funds via a city partnership with Citigroup. ... Full Story
Foreign Investment With a Difference
By Paul Bubny
NEW YORK CITY-Industry veteran Rick Singer has joined forces with Kuwait-based Al Mal Investment to provide local operators with capital partners. ... Full Story
Aqueduct Bidders Say They’re Back in the Race
By Paul Bubny
NEW YORK CITY-SL Green and other competitors for the 328,000-square-foot Queens racino make it known that they’re interested now that the winning bid has been scratched. ... Full Story
Asia TV Switches on Manhattan Presence
By Paul Bubny
NEW YORK CITY-The US arm of an Indian media conglomerate has taken space at 1 Penn Plaza, highlighting this week's wrap-up of deals. ... Full Story
Amid Protests, Atlantic Yards Breaks Ground
By Paul Bubny and Ian Ritter
NEW YORK CITY-At Thursday’s groundbreaking for the Barclays Center arena, Mayor Bloomberg announced a further commitment to affordable housing by Forest City Ratner. ... Full Story
City Prevails in Eatery Trademark Dispute
By Noeleen G. Walder
NEW YORK CITY-A federal judge ruled that the city has offered ‘compelling evidence’ that it owns the rights to the name Tavern on the Green. ... Full Story
Export Volume Bodes Well for Region’s Ports
By Paul Bubny
NEW YORK CITY-In the tristate region and around the US, a rise in exports will boost industrial space demand, says a Colliers/FSW report. ... Full Story
Judge Rejects TARP Defense in Foreclosure Case
By Mark Fass
NEW YORK CITY-A construction company's argument that a foreclosure action cannot proceed because the lender may have received TARP funds failed to persuade a Brooklyn judge ... Full Story
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