News

Capital Freeze Thaws for Real-Estate Funds - Sep 01st, 10
Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.

New Resorts Owners Roll Dice - Sep 01st, 10
Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.

Citigroup Gets Burned in the Caribbean - Sep 02nd, 10
The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.

Corio's Turkish Strategy Stumbles - Sep 01st, 10
The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions.

Help for Hyatt Isn't Enough - Aug 31st, 10
A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.