Falor seeking extension on Hotel 71 loan
Wednesday, February 28th, 2007Condominium-hotel developer Robert Falor is trying to buy more time to pay off an overdue $27-million mezzanine loan on his Hotel 71 project and stop the lender’s plan to auction off his interest in the development next week.
The lender, an affiliate of Los Angeles-based Oaktree Capital Management LLC, alleges that a Falor-led group has defaulted […]
Canada pension manager invests in U.S. real estate
Tuesday, February 27th, 2007(In U.S. dollars unless noted)
VANCOUVER, British Columbia , Feb 27 (Reuters) - The CPP
Investment Board, one of Canada’s biggest pension fund
managers, will invest $500 million in the U.S. real estate
market in a deal with New York-based money manager TIAA-CREF,
the two firms said on Tuesday.
CPP, which invests the funds not needed by the Canada
Pension […]
Real Estate Q&A - Real Estate Agents
Monday, February 26th, 2007Why should I use a real estate salesperson?
.
A real estate salesperson is more than just a “sales person.” They act on your behalf as your agent, providing you with advice and guidance and doing a job - helping you buy or sell a home. While it is true they get paid for what […]
What makes an agent truly valuable?
Monday, February 26th, 2007 Recently, an excited first-time homebuyer spent some time telling a real estate agent what she wanted in a home. They also discussed financing. Immediately afterwards, the agent took her new client out and showed her…
…two homes.
One was perfect.
Instead of making an offer right away, the buyer went home and called her friend. […]
Tribune Considering Late Offer From Real Estate Magnate
Monday, February 26th, 2007By KATHARINE Q. SEELYE and ANDREW ROSS SORKIN
Published: February 26, 2007
The Tribune Company, in discussions about its future, is weighing a proposal from Sam Zell, the Chicago real estate maverick and billionaire who sold his huge office development company this month for $39 billion in the biggest leveraged buyout ever.
A special committee of Tribune […]
‘Really creative guys’ tackle tough projects
Saturday, February 24th, 2007J. Michael Drew and Daniel Lukas have made it a practice to take on complicated and messy projects — often both from a physical and legal standpoint — that other developers might shun.
Their West Loop office project at 211 N. Clinton St., the Chicago & North Western Railway Power House building, is one example.
The stout, […]
Merchandise Mart’s value soars in 9 years
Saturday, February 24th, 2007The Merchandise Mart has more than doubled in value, to $917 million, since Vornado Realty Trust bought it from the Kennedy family in a blockbuster transaction nine years ago.
The value is based on an appraisal used to obtain $550 million in long-term loans on the historic structure, which the New York real estate investment trust […]
UPDATE 1-TABLE-Inland Real Estate Q4 FFO flat; sets ‘07 outlook
Tuesday, February 20th, 2007 (Adds 2007 outlook)
Feb 20 (Reuters) -
INLAND REAL ESTATE CORP. (IRC.N: Quote, Profile, Research)
[…]
Property Managers can list Rental Properties for Apartment Buildings
Tuesday, February 20th, 2007Finditt Realty offers Property Managers the ability to advertise their apartment complexes in Finditt Realty for $24.95 for one full year.
Monroe, Georgia 2/19/2007 5:00 AM GMT (FINDITT - Top Story)
Property Managers from around the world can list their Apartment Complexes in the United States, United Kingdom, Germany,the remaining countries in Europe, Australia, Asia, South America
and […]
Real estate agents hang blogging signs
Monday, February 19th, 2007Copyright © 2007, Chicago Tribune
By Mary Umberger
Tribune staff reporter
Published January 22, 2007
When Ellen Moorman wanted to list her home for sale, she started on the Internet, where, of course, she found scores of home pages for Chicago-area real estate agents.
She wasn’t impressed.
“I didn’t see any Web site that was worth lingering on,” she said.
Then […]