Goldman Sach’s Whitehall Street Real Estate Funds and its partner, property manager Golub & Co, seem likely to lose control of The John Hancock Center in Chicago, despite attempts to extend the five-year loan, local players said. The partnership is due to repay $400 million in debt on the building Feb. 9. That consists of a $182 million senior loan converted into CMBS and securitized in LBFRC 2007-LLFA as well as three pieces of mezzanine debt. The owners are likely to default because they haven’t been....
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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.