RealEstateFlux

Commercial Foreclosures, Signs of Mismanagement

A rash of commercial foreclosure news has hit the markets, including a Deutsche Bank loan on The Drake property in New York, a Gramercy Capital loan on Cupertino Square in Silicon Valley, and the Riverton House project in Harlem. Yet these are examples of mismanagement and overleverage at the height of the market rather than [...]

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Boston Properties Closes on Former Macklowe Portfolio

Boston Properties continues to take advantage of it strong cash position to act on opportunities created as a result of the current downturn. As Mort Zuckerman, Chairman of Boston Properties said during their 2Q Earning Conference Call, “These were buildings that were purchased at costs that are well below, well below replacement costs on a [...]

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