Whitehall Funds Lose Their Luster
Dec 4th, 2008 | By WSJ.com: Real Estate | Category: News worldwideGoldman’s Whitehall family of real-estate funds is struggling with weak performance and potentially big losses.
Goldman’s Whitehall family of real-estate funds is struggling with weak performance and potentially big losses.
J.P. Morgan seized tens of millions of dollars of collateral from a fund run by Guggenheim and started to auction it off following the fund’s failure to come up with additional capital to meet margin calls.
Leaders in Toledo, Ohio, are looking to attract younger and more diverse workers to the area as they scramble to reduce their city’s exposure to Detroit’s troubles.
The collapse of LandAmerica has left investors scrambling to recover money in what was supposed to be a short-term and low-risk arrangement.
Lenders are starting to warm to the idea of selling foreclosed homes in bulk to investors, a departure from the practice of selling homes one at a time.
A member of Macau’s Ho casino family unveiled plans to develop a five-star hotel on Macau’s Cotai Strip.
Debt-laden mall owner General Growth Properties gained another short-term extension of a debt-payment deadline, this time obtaining 10 more days to pay down $58 million in bonds.
Deutsche Bank sued Donald Trump over an outstanding balance on the developer’s troubled Chicago condominium and hotel project.
The economic crisis will force the U.S. to decide how to repair Fannie, Freddie, the Federal Home Loan Banks and the Federal Housing Administration.
General Growth Properties won a two-week extension of its deadline to pay a $900 million debt.