An Atlanta-area developer replaces an undeveloped condo slab with a park.
Without legacy issues, these companies have been penetrating their markets quickly, and making money, too.
Being able to acquire land below replacement cost is why these projects pencil out.
-
A 20% down payment and no debt delinquency for the last two years would be required to reach the mortgage industry's proposed gold standard.
-
Sycamore Urban wants to acquire up to 2,000 more distressed housing units in the next three years.
-
The suburban Las Vegas master-planned community is seeing a pickup this year both in home sales and in interest by builders in its available land.
-
Starwood CEO: “They gave us the time to do the right thing by the assets.”
-
For more than a year now, multifamily equity funds, owners, and brokers have complained about the “extend and pretend” policy in the banking industry that have allowed owners with troubled loans to keep their assets. Yesterday, at the 2010 ULI Fall Meeting, Shelia Bair, Sheila Bair, chairman of the...
But will their attitudes change when business starts picking up again?
-
Company's new portfolio is worth roughly $740 million and includes repossessed real estate and past-due loans.