DALLAS-Meditrust Cos., headquartered in Needham, MA, has completed asset sales and mortgage repayments of $138 million since the end of the second quarter, taking its year-to-date total to $459 million in an ongoing strategy to beef up its Dallas-based La Quinta lodging subsidary. The health-care bailout is blamed in part on the federal government.
Documents are sent to municipalities to be recorded, but it can take a year or more to get them back. This can cause expensive problems in the event of a foreclosure.
BOCA RATON, FL-So-called megaplex movie houses are putting smaller multiplexes out of business. As a result, more shopping-center operators have vacant cinema space on their hands that may be tough to re-rent.
SOUTH SAN FRANCISCO-The tiny and not-so-publicly-traded company misses out on a quick $12 million profit due to an oversight, but discovers an even better deal in the process, if not one as inexpensive or immediate.
DENVER-In an ambitious undertaking, Atlanta-based Integral Group is overseeing a $65 million urban redevelopment, calling for affordable housing that's fully integrated with market-rate, single-family homes and luxury apartments. Denver's one of the few cities in the nation initiating the strategy for blighted areas.