Ed KalikowThe Kalikow Group is resisting a move by BB&T to foreclose on a construction loan on a 230-unit continuing care facility that it is developing in Hillsborough, N.C. BB&T acquired the loan via a Federal Deposit Insurance Corp. auction after the originator, Colonial Bank, failed in 2009. “[Colonial] went quiet for about two months so we didn’t know what was going on. In the interim, we were unable to pay the contractor and we were unable to deliver to the buyer, who cancelled the contract. So now we’re left with a busted job,” Ed Kalikow, ceo, told REFI. Calls to BB&T in tk—location were not returned by press time.....
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May 15, 2012 - Samantha Rowan
Barry LePatner, founder of New York law firm LePatner & Associates, talks about why the construction industry needs to change the way it works.
May 07, 2012 - Samantha Rowan
Steven Marks, a managing director at Fitch Ratings, talks to REFI TV about the the divergence between performance of real estate investment trusts in 24-hour coastal markets, versus inland suburban markets.
May 04, 2012 - Samantha Rowan
Ronald Dickerman, president of New York-based investment manager Madison International Realty, believes many investors are afraid to act given concerns about the U.S. and global economic environment.