Taking a break from doctoring sick babies and administering anesthesia, Mednax jumped into the distressed real estate market by purchasing a Sunrise office building in a short sale for a 30 percent discount on its mortgage. TMW Weltfonds 1500 Concord Terrace, an affiliate of Prudential Real Estate Advisors and TMW Property Funds, sold the 188,746-square-foot […]
Sunrise Office Building Sells For 30% Off In Short Sale Read More »
Homebuilders’ pessimistic outlook improved slightly this month, but it remains dim amid falling home prices and a weak pace of construction. The National Association of Home Builders said Tuesday that its index of industry sentiment for March improved slightly to 17. That’s the first gain in five months, after four straight readings of 16. Any
Dim Homebuilder Outlook Improves Slightly Read More »
Toll Brothers Inc., the largest U.S. luxury-home builder, and Deutsche Bank AG bought non-performing real estate loans with a face value of about $200 million, the companies said in a statement today. The portfolio, purchased from an unnamed financial institution, consists of 83 loans that are mainly for the acquisition, development and construction of residential
Toll Brothers Joins With Deutsche Bank To Buy Distressed Loans Read More »
