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Found 7 results

  1. By Sarah Mulholland April 23 (Bloomberg) -- Loan extensions will likely be insufficient to prevent a wave of commercial real-estate defaults as borrowers struggle to refinance debt amid tighter lending standards and plummeting property values, according to Deutsche Bank AG analysts. As much as $1 trillion in commercial mortgages maturing during the next decade will be unable to secure financing without significant cash injections from property owners, according to the Deutsche analysts. At least two-thirds, or $410 billion, of commercial mortgages bundled and sold as bonds coming due be
  2. Trump Files Suit Against Lenders Developer Seeks to Extend $640 Million Loan on a Chicago Skyscraper Wsj.com By ALEX FRANGOS Tall Trouble: Donald Trump's Chicago skyscraper project, the Trump International Hotel & Tower, during construction in July. Mr. Trump is suing to extend a $640 million senior construction loan on the 92-story Trump International Hotel & Tower from a group of lenders led by Deutsche Bank AG and including a unit of Merrill Lynch & Co., Union Labor Life Insurance Co., iStar Financial Inc., a publicly traded real-estate investment trust, and H
  3. Ottawa voit grand Mise à jour le lundi 26 avril 2010 à 23 h 49 Photo: La Presse Canadienne /Adrian Wyld Le ministre conservateur, Peter Van Loan. (archives) Le ministre fédéral du Commerce international, Peter Van Loan, a indiqué à la Presse canadienne que les négociations entre le Canada et l'Union européenne (UE) pourraient mener à un pacte plus élaboré encore que l'Accord de libre-échange nord-américain (ALÉNA). Ce que nous recherchons, c'est l'entente commerciale la plus ambitieuse que nous ayons jamais conclue. — Le ministre Peter Van Loan Selon le négociateur en che
  4. Construction loan on hold for Waterview Tower By Alby Gallun, Nov. 05, 2008 (Crain) — About seven months after agreeing to finance the 90-story Waterview Tower and Shangri-La Hotel, the Export-Import Bank of China has gotten cold feet over the stalled Wacker Drive development. The Waterview Tower and Shangri-La Hotel at 111 W. Wacker Drive remains unfinished. The bank’s refusal to approve a $400-million construction loan for the condominium-and-hotel high-rise reduces the already slim chances that the building’s current developer, a group led by Teng & Associates Inc.
  5. Article January 14, 2011 By KEITH BRADSHER BEIJING — Aided by at least $43 million in assistance from the government of Massachusetts and an innovative solar energy technology, Evergreen Solar emerged in the last three years as the third-largest maker of solar panels in the United States. But now the company is closing its main American factory, laying off the 800 workers by the end of March and shifting production to a joint venture with a Chinese company in central China. Evergreen cited the much higher government support available in China. The factory closing in Devens, Ma
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