Commercial Real Estate Finance

Posts Tagged ‘casinos’

Week of April 18-24

- Real estate companies continue to tap the equity markets to raise cash through secondary offerings or IPOs.

- The Federal Reserve paid $47.4 billion to the Treasury Department in 2009, the largest amount on record, from gains on investments made to bolster the shaky housing market.

- CNBC reports that surveys show wealthy Americans are less concerned about the economy… seriously they actually did a story on this.

- A Llenrock survey shows that people with money are more likely to buy things than people without money.

- CNBC reports that it will be reporting on Llenrock surveys going forward. Read the rest of this entry »

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Hand over the keys?  More like hand over your chips, Mr. Trump. Andy Beal, head of Beal Bank, called the Donald’s bluff as he feigned interest last week in a joint venture with Beal to buy Trump Entertainment Resorts, the parent company of the troubled Atlantic City casinos Trump Taj Mahal, Trump Plaza and Trump Marina.  After filing for bankruptcy protection for the third time in his overstated real estate career in December 2007, Trump and daughter/business partner Ivanka withdrew their position. Read the rest of this entry »

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