Pimco Fund Walks Away From 20 Hotels With $240 Million of Debt
A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage.
Recent
Homes Are So Unaffordable, 8% Mortgage Rates Wouldn’t Make Much Difference
Mortgage rates, which surged to 2 decade high, have hurt housing affordability so much that a jump to 8% wouldn’t make things significantly worse.
Almost Everyone Thinks It’s a Bad Idea to Buy a House Now, Survey Shows
Just 16% believed it was a good time to buy, matching an all-time survey low set last year.
The 1-800 Flowers 84-Year-Old Founder and Katy Perry are in a Bizarre Real-Estate Legal Dispute Over a $15 million mansion
Watch out, Katy Perry is coming for your house like a dark horse—at least if you’re Carl Westcott, the founder of 1-800-Flowers.
Bank of America Analysts See No Housing Crash Like in 2008
Economists are nixing concerns about a housing crash like one experienced in 2008. Instead they say market is more reminiscent of four decades ago.
Mortgage Applications: 'They've Ground to a Halt'
Demand for mortgage applications fell 6% last week to its lowest point since 1995.
Severe Crash Is Coming for US Office Properties, Investors Say
Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines.
