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Showing results for TROPHY PROPERTIES, LLC v. THE BANCORP BANK
...The bank’s sports team have no time to rest on their laurels, however....
...property market....
...Only trophies and trash properties are trading. Valuations a bit hard to peg. It feels like a slow credit squeeze, not a violent crunch, with real estate near frozen rather than collapsing....
...The first wave of distressed asset purchases, will, I believe, be particularly bad when it comes to commercial properties, including the trophy buildings and the securities supposedly backed by their future...
...to as a trophy asset....
...To some extent, the lack of interest in these trophy assets reflects concerns about potential legal battles....
...The amount of debt relative the value of the property is also typically higher than in single borrower transactions....
...A move back to the V&A was also on the cards when the property developer Sir Stuart Lipton, then deputy chairman of Chelsfield, suggested the abandoned Commonwealth Institute as part of a deal in which the...
...I also suspect we are more pessimistic on the property market....
...The three London properties were held by Coroin, an Irish company set up by Patrick McKillen and other investors including the financier Derek Quinlan to buy trophy hotels in 2004 financed by cheap and easy...
...At stake are trophy properties including the Berkeley, Claridges and the Connaught hotels in London as well as various other property interests in Ireland, the UK and the US....
...However, this competition for high-value trophy buildings has pushed private equity into other property assets, such as warehouses, student housing and retail parks....
...bank, according to Reuters estimates....
...Accor is not selling trophy assets in upscale brands. Rather the majority are economy hotels and Accor will need to exit over 560 leased hotels.” Accor has put the cost of exiting the leases at €600m....
...However, Mr Anschutz and his advisers at Blackstone are said to have steered bidders to look more widely at AEG’s cash flow, hard assets, trophy properties and development potential when valuing the company...
...Past investments include the film processor Technicolor; Golden State Bancorp, America’s second largest savings bank; and New World Communications, whose Fox TV stations he sold to Rupert Murdoch in 1994...
...Also: The continuing problems at SNS Property Finance forced DNB to conclude that SNS Bank required twice as much core capital as was available, the capital deficit....
...“Why shouldn’t a launderette be as distinctive as a trophy cultural project like an art gallery?” asks Thomas Heatherwick....
...late President Ronald Reagan James Harmon, Chairman, Harmon & Co., LLC, former President of the Export-Import Bank, United States Katrina Lantos Swett, Tom Lantos Foundation for Human Rights and Justice...
...And when Blackstone approached Citigroup with a proposal to buy and help restructure $10bn to $20bn of Citi’s $80bn commercial property portfolio, the bank was not interested, according to people familiar...
...The fund made a £615m profit by selling shares in Barclays last year, though it still owns 7 per cent of the bank....
...Istithmar has assets across the world, from New York retailer Barney’s to the V&A Waterfront, a retail and property development in South Africa....
...It will pay for Primetake with bank facilities and a loan note to shareholders....
...we will recover from this; I don’t know whether the road is an L recovery, a W recovery, a V recovery, a W-W recovery or will recover....
...“Everything that’s gone on with the stock market, investment banks that have disappeared, bonus money being reduced and the Madoff scandal; it all has a cumulative effect,” says Greg Heym, the company’s...
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