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Aug 17, 2010 from Gus Jacinto
Gus Jacinto Real Estate is great! There's no better time to buy a home! Im working on my first home and I'm super excited!...


Aug 17, 2010 from frrans
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Aug 17, 2010 from Frances Stanford
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Aug 17, 2010 from Susan Carter
Susan Carter Shotgun Offers | Buy Homes Cheap: I have many Utah Rent to Own Homes and many of these homes I haven't even driven...


Sunstone Snares South Beach's Royal Palm Hotel

Art Buser, president and chief executive of Sunstone Hotel Investors Inc., has said in recent months that the real estate investment trust will shift to offense after punting several underwater hotels back to lenders in the past year.

On Monday, Sunstone scored its initial points in that offensive push.

Sunstone, based in Aliso Viejo, Calif., disclosed that it prevailed at a foreclosure auction to buy the iconic but troubled Royal Palm Resort Hotel on Miami’s ritzy Collins Avenue for net consideration of $117 million. The price amounts to $286,000 for each of the Royal Palm’s 409 rooms.

Sunstone, which owns 30 U.S. hotels, positioned itself to make a run at the Royal Palm by buying an undisclosed portion of a junior tranche of the hotel’s $112 million in mortgage debt. Thus, even though Sunstone prevailed at the auction with a bid of $126.1 million, the REIT only will pay $117 million after factoring in the Royal Palm debt it already held and will forgive.

News

Alberta pension manager, Toronto firm buy ING's half of Summit partnership

The Canadian Press - Aug 27, 2010

Alberta pension manager, Toronto firm buy ING's half of Summit partnership ING also said it will sell ING Real Estate Canada — which had managed Summit — to KingSett and AIMCo for an undisclosed sum. "This transaction is in line
Evergrande To Buy Guangzhou Commercial Project For CNY1.9 Bln

Wall Street Journal - Aug 27, 2010

HK) said Friday it agreed to buy a Guangzhou commercial real estate project from Kaisa Group Holdings Ltd. (1638.HK) for CNY1.9 billion.
St. Joseph's to buy St. Vincent's psych hospital

Crain's New York Business - Aug 27, 2010

St. Joseph will be the stalking horse bidder for the site's undeveloped real estate. It will pay St. Vincent's $5 million in additional cash to buy the real
Comedian, wife file discrimination lawsuit

Chicago Sun-Times - Aug 27, 2010

Comedian, wife file discrimination lawsuit This month, the US Department of Housing and Urban Development filed a discrimination complaint against the Sabbias and the real estate agents.
China's Looming Real-Estate Bubble

Reason Online - Aug 27, 2010

Alternatively, it can buy a few more years of faux-growth and stability by propping up the real-estate market—and risk making the day of reckoning far