07/09/2009
There are “green shoots” — signs of recovery — in Hawaii’s real estate market, but they will need serious fertilizer to take root. That was the assessment of a speaker’s panel at yesterday’s Hawaii Developers’ Council annual mid-year real estate forecast. Read More…
07/09/2009
Vornado Building $1 Billion Dollar Vulture Fund For Commercial Real Estate – therealestatebloggers.com 07/09/2009 We are entering the next stage of the commercial real estate cycle. With credit still scarce and commercial property owners being squeezed by falling prices, the vulture funds are coming together to pick at the remains. Vornado Realty Trust, the 3 rd largest real estate investment trust firm in the United States, is putting together a billion dollar fund to buy up distressed properties.
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