Month: September 2010

Slammin’ Sammy Zielonka

Hat tip to Kelly Bennett for sending this along, from marketwatch.com: Equity Residential today announced that the company has acquired Vantage Pointe in San Diego, CA for $200 million. Vantage Pointe is a 40-story high rise featuring 679 apartment units, 26,425...

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More Foreclosure Halts

Hat tip to SM, from the WaPo: Attorneys general in Connecticut and California ordered Ally Financial's GMAC mortgage unit to freeze all foreclosures within their borders, joining a growing list of states investigating whether the firm and other lenders improperly...

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Mother Merrill Flips Out

From HW: Bank of America Merrill Lynch analysts believe the federal government should begin investing in distressed real estate directly through a second round of the Public-Private Investment Program to reduce the shadow inventory of properties. The original PPIP was...

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