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Distress Property News


Loan Wrangling on the Rise - Wall Street Journal


Wall Street Journal

Loan Wrangling on the Rise
Wall Street Journal
By MAURA WEBBER SADOVI Commercial-property debtholders and servicers are slowly working through the stages of grief. This year is beginning to look like the year of acceptance. Increasingly, loan servicers that specialize in distressed situations are ...

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Florida's 680-Mile Campaign Trail Diverted by Angst Over Housing Distress - Bloomberg


Bloomberg

Florida's 680-Mile Campaign Trail Diverted by Angst Over Housing Distress
Bloomberg
Florida ranks third in the portion of homeowners with underwater mortgages -- with 44 percent of properties valued at less than the loans -- according to Santa Ana, California-based CoreLogic data from the third quarter. In a state that helped elect ...

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DataQuick Launches Nationwide Distressed Property Analysis Tools - MarketWatch (press release)


DataQuick Launches Nationwide Distressed Property Analysis Tools
MarketWatch (press release)
SAN DIEGO, Jan 23, 2012 (BUSINESS WIRE) -- One of the keys to the housing market's recovery is managing and ultimately clearing out the inventory of distressed properties. DataQuick(R), a provider of advanced real estate information solutions powered ...

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Blackstone raises $6bn for new property fund - Financial Times


Blackstone raises $6bn for new property fund
Financial Times
By Anjli Raval and Dan McCrum in New York Blackstone Group has secured more than $6bn in pledged capital for a new property fund, largely comprised of distressed assets, according to a person familiar with the matter. The New York-based private equity ...

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City Feels Foreclosure Effects - Wall Street Journal


City Feels Foreclosure Effects
Wall Street Journal
Ten Bronx apartment buildings owned by Milbank Real Estate became the poster child for distressed multifamily housing a couple of years ago when many of the buildings racked up thousands of housing violations, according to tenants.
Foreclosures are contagious in NYC apartment buildings, tooThe Real Deal New York (blog)

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