Hints and tips:
...There is a $50m debt to Chicago Unit Acquisition Trust, secured against the Trump International Hotel and Tower in Chicago This debt is mysterious....
...Jeff DiModica, president of Starwood Property Trust, one of the lenders, called it “a really smart trade on a really beautiful building”....
...guarantor propped up by US taxpayers a decade ago after the subprime housing crisis, backed a $550m loan to the building’s owners — Moinian Group, among New York’s largest private landlords, and SL Green Realty...
...Apollo and Citigroup subsequently extended loans to Kushner Companies to help finance real estate in Chicago and Brooklyn, respectively....
...“Years ago most of our buyers would come from Los Angeles, New York and Chicago,” Kesting says....
...It also has management contracts for properties in New York, Boston and Chicago....
...The consortium – which also includes Kimco Realty, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores – will pay around $40 per share for Safeway, including $32.50 in cash....
...4 Rent; and Barry Sternlicht’s Starwood Property Trust, according to industry insiders and analysts....
...They include Ellington Management, Fundamental REO, whose fund received a large investment from Goldman Sachs and Barry Sternlicht’s Starwood Property Trust, analysts have said....
...(Foreign Policy) “Tri Pointe Homes, a homebuilder backed by Barry Sternlicht’s Starwood Capital Group LLC, is in advanced talks to buy Weyerhaeuser Co’s homebuilding division for about $2.7 billion, according...
...Working with real estate groups Kimco Realty, Klaff Realty, Lubert-Adler Partners and Schottenstein Real Estate Group, the Cerberus consortium will pay $100m and assume $3.2bn in debt for 877 stores around...
...Shares in Silver Bay Realty Trust have risen 10.5 per cent since it launched its IPO late last year....
...Ms Chung has an MBA from Stanford University, California and a BA with honours and distinction in economics from the University of Chicago....
...A group led by Barry Sternlicht’s Starwood Capital investment company has won the bidding for the assets of failed Corus Bank, taking advantage of a complex financing package crafted by the Federal Deposit...
...Several big private equity firms are considering making bids for Corus Bankshares, a Chicago bank with heavy exposure to the troubled commercial property market....
...Kenneth Griffin, who founded Chicago-based Citadel in 1990 and holds 30% of its $18bn of assets in cash according to S&P, warned in a letter to investors this week that returns for the $10bn Kensington Global...
...Starwood Hotels & Resorts , Choice Hotels International and Orient-Express Hotels fell 2.3 per cent at $30.70, 3.3 per cent at $27.99 and 5 per cent at $29.75, respectively....
...It is likely to be viewed as a victory for Vornado, with partners Starwood Capital and Walton Street Capital, which is seeking to break up an agreed $36bn bid from Blackstone....
...Equity volatility cooled this week, with the Chicago Board Options Exhange Vix index down 9.3 per cent....
...A trio of investors led by Vornado Realty Trust has launched a $39bn cash and stock bid for Equity Office Properties, Sam Zell’s commercial real estate empire....
...But sources close to the matter said a counterbid for Sam Zell’s commercial real estate empire could still materialize with a consortium including Vornado Realty Trust, Starwood Capital and Walton Street...
...The board of EOP, which was founded by billionaire investor Sam Zell and is headquartered in Chicago, is expected to meet soon to consider Vornado’s bid....
...Other real estate investors including Starwood Capital and Vornado Realty Trust could attempt to join a move by Cerberus, said one EOP shareholder. Starwood and Vornado declined to comment....
...A trio of investors led by Vornado Realty Trust has launched a $39bn cash and stock bid for Equity Office Properties Trust, Sam Zell’s commercial real estate empire....
...The top price tag was taken by the Citadel Center at 131 South Dearborn Street, housing the Citadel hedge fund, which was bought by Richard Gans, a New York investor, for $560m from Prime Group Realty Trust...
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