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Hotels, Like Homeowners, Behind On Payments

Nov. 29, 2009
They have been enticing travelers all year with sweet deals: credits for in-house spas and restaurants, up to 50 percent off five-star rooms, even free nights. But all that discounting hasn't stopped occupancy from dropping an average of 10 percent. The result? Hotel loans have begun falling into...
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Commercial real estate bubble looms

NEW YORK, Aug. 18 (UPI) -- A skid in the U.S. commercial real estate market could be accelerating as the recession begins to retreat, an IHS Global Insight market analyst said.
Lehman real estate guru called shy, smart

Lehman real estate guru called shy, smart

NEW YORK, May 3 (UPI) -- The U.S. dealmaker who led Lehman Brothers into a disastrous spate of real estate lending was quiet and unassuming, The New York Times reported Sunday.

Commercial real estate 'faces worst year'

NEW YORK, Nov. 5 (UPI) -- Corporate downsizing has not only led to layoffs, but to downsizing of office space, cutting into the U.S. commercial real estate business, observers said.

Report: Lehman shops real estate assets

NEW YORK, Aug. 16 (UPI) -- New York investment banker Lehman Brothers is shopping its massive commercial real estate portfolio in an effort to raise capital, sources say.

Moody's may cut debt obligations ratings

NEW YORK, July 11 (UPI) -- U.S. credit-rating firm Moody's Investors Service said Wednesday it might cut its ratings on parts of 91 collateralized-debt obligations worth $5 billion.

U.S. commercial real estate still 'hot'

NEW YORK, July 17 (UPI) -- U.S. commercial real estate is still perceived as a favorable allocation alternative for investors, an industry group reported Monday.

High demand for real estate courses

BOSTON, Aug. 27 (UPI) -- Courses in commercial real estate in some top U.S. business schools are as hot as some real estate markets.

More commercial real-estate loans planned

MILL VALLEY, Calif., Feb. 10 (UPI) -- Bankers plan to increase their commercial real estate lending this year, a survey by Bridger Commercial Funding of Mill Valley, Calif., shows.

Real Estate Media buys Real Estate Conf.

NEW YORK, Oct. 29 (UPI) -- Real Estate Media in New York said Friday it acquired the Real Estate Conference Group in Los Angeles.

KeyBank buys EverTrust Financial

CLEVELAND, June 25 (UPI) -- KeyBank of Cleveland, Ohio, said Friday it has acquired EverTrust Financial, a savings bank headquartered in Everett, Wash.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch