Real Estate
FDIC Said to Plan Sale of $3 Billion in AmTrust Bank Loans After Seizure The Federal Deposit Insurance Corp.
is preparing to sell $3 billion of loans from AmTrust Bank, the
Cleveland-based lender seized by regulators in December, people
involved in the sales said.
BAA May Sell Airport Property Assets to Scottish Widows, Reuters Says BAA Airports Ltd. is in exclusive
talks with Scottish Widows Investment Partnership on a possible
sale of property assets, Reuters said, citing unidentified
people with knowledge of the negotiations.
Home Loan Servicers `Squeeze' Borrowers Less on Mortgages Wrapped as Bonds Servicers of securitized U.S.
mortgages are failing to match the aggressiveness of managers of
other home loans in pursuing claims against homeowners after
defaults, Moody’s Investors Service said.
U.K. Commercial Property Values Show First Year-Over-Year Rise Since 2007 U.K. commercial property values
rose for the first time on an annual basis in two-and-a-half
years as rent declines slowed, according to Investment Property
Databank Ltd.
U.K. House Prices Rise the Most in February Since 2002, Acadametrics Says U.K. house prices increased in
February at the fastest pace in more than seven years, research
group Acadametrics Ltd. said.
House Prices in World's Biggest Markets May Fall Further, IMF Adviser Says House prices in the world’s major
economies, which in 2009 were down an average of 5 percent from
2007, may keep dropping, said Prakash Loungani, an adviser to
the International Monetary Fund’s research department.
Eight of Halabi's London Skyscrapers Offered for Sale by CB Richard Ellis Eight of Simon Halabi’s London
office towers will be sold by CB Richard Ellis Group Inc. to
repay some of the investors that bought 1.15 billion pounds
($1.74 billion) of defaulted bonds that back the buildings.
Dubai World Seeks to Separate `Good' Businesses From Underperforming Ones Dubai World, the state-owned
holding company restructuring $26 billion in debt, is seeking to
separate “good” businesses from underperforming assets as part
of its restructuring plan, the head of the city’s airline said.
Hong Kong Property Prices Set for `Another Good Year,' Sun Hung Kai Says Hong Kong’s home market may see
“another good year” in 2010 as buyers remain financially sound,
according to Sun Hung Kai Properties Ltd., the world’s biggest
developer by market value.