Continue Reading Add comment January 29th, 2009
In a sign that banks are stepping up their efforts to combat foreclosures, lenders intervened to help prevent 239,000 foreclosures last month, according to a report released Thursday. Read more »
Continue Reading Add comment January 29th, 2009
Suffering from one of the highest foreclosure rates in the nation, Rhode Island is getting nearly $20 million from Washington to rehabilitate neighborhoods most affected by the mortgage meltdown. Read more »
Continue Reading Add comment January 29th, 2009
CNL Lifestyle Properties Inc. bought Jiminy Peak Mountain Resort, the largest ski and snowboard destination in southern New England, from Jiminy Peak Mountain Resort Inc., for $27 million.
Continue Reading Add comment January 29th, 2009
Selling a retail property–or any property, for that matter–with a big debt attached is no simple feat in the current real estate climate, but Sperry Van Ness has managed to do just that. Acting on behalf of Stillwater Capital and partners, the real estate services firm closed the sale of the 131,900-square-foot Voice Road Plaza in Carle Place, N.Y., to a 1031 multi-family investor for just over $36.2 million, including the assumption of a $23 million mortgage.
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