Distressed Asset Investments

DelShah Resolves Property Bankruptcies in Harlem and Midtown

NEW YORK CITY-The sites include 101 W. 126th St. and 639 W. 46th St., which will be repositioned and upgraded. FULL STORY

Rouse Takes Over Discounted Note for Grand Traverse Mall

UPDATE TRAVERSE CITY, MI-This is the first purchase for the new REIT, spun off from Chicago-based General Growth Properties in January. FULL STORY

Greece Given $173B Conditional Bailout

ATHENS-To guard against default, the rest of the Eurozone will provide funds to boost Greece debt-fighting measures, according to a Bloomberg story. FULL STORY

Bulk Investors Take Down 685 South Beach Condo Units

MIAMI-Unsold developer inventory in South Beach is now down to less than 700 units. FULL STORY

Six Questions For Gidi Cohen

ATLANTA-Gidi Cohen discusses his commercial real estate investment strategy and what to expect next in the ongoing recovery. FULL STORY

Speed, Value Gap Hamper Restructured Loans

Restructuring a troubled loan can take up to 18 months, though value has improved. Distress is better, but CMBS maturities this year will keep this workout method moving. FULL STORY

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