Continue Reading Add comment September 3rd, 2008
They’re known as “pick-a-payment” mortgages or option ARMs, but their detractors call them pure poison. Now their default rates, which are already high, are about to explode, according to a Fitch Ratings report issued Tuesday.
Continue Reading Add comment September 3rd, 2008
The 307,000-square-foot office building at 370 Lexington Ave. in New York City’s Grand Central submarket has come under new ownership, courtesy of a transaction valued at $155 million. Read more »
Continue Reading Add comment September 3rd, 2008
Maguire Properties Inc. has closed the books on the disposition of City Plaza, a 324,000-square-foot office building in Orange, Calif. An entity owned by Hudson Capital L.L.C. took the property off Maguire’s hands. Read more »
Continue Reading Add comment September 3rd, 2008
Africa Israel Investments Ltd., a Yehud, Israel-based company owned by billionaire Lev Leviev that has real estate holdings in Israel, the United States, Russia and other countries, has agreed to sell some of its interests in three New York buildings that it acquired in 2007. Read more »
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