Category: Daily Business Review
March 11, 2010
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Lender seeks to foreclose on Shore Club, Miami Beach
lender associated with Miami Beach-based LNR Partners is seeking to foreclose on the owner of the Shore Club, one of South Beach’s most prominent hotels and entertainment destinations.
A commercial mortgage-backed security fund serviced by LNR filed a notice to foreclose on March 3 against Shore Club owner Philips South Beach.
Philips has owned the 309-unit hotel [...]
January 5, 2010
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Real Estate Silicon Valley ‘bloodbath’ leaves entire office buildings empty | Daily Business Review
Silicon Valley is beset by the biggest office property glut since the dot-com bust, leaving the U.S. technology hub with empty high-rises and office parks that make it impossible for landlords to sustain average rents.More than 43 million square feet 4 million square meters — the equivalent of 15 Empire State Buildings — stood vacant [...]