Multi-family Housing

NEW YORK CITY-Two groups of senior lenders comprising a venture headed by William Ackman and a group of investors, who are owed almost $3.7 billion, are vying for control over the near-bankrupt Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan.

WASHINGTON, DC-Despite giving back some of their gains in August, REITs continue to outperform other benchmarks for the first eight months of the year.

PARIS-The portfolio comprises 31 hotels in France, 10 in Belgium and seven in Germany with a total of 6,300 rooms.

NEW YORK CITY-The loan was used to purchase the existing first mortgage on an 8.9-acre industrial park in Staten Island.

NEW YORK CITY-Goldman Sachs is acting as the deal manager for the REIT’s repurchase of convertible debentures due in 2026 and 2027.

SANTA ANA, CA-The new service by CoreLogic allows lenders to receive alerts on ‘risky’ pending and closed short sales to minimize unnecessary losses related to fraud and property underpricing.

BOSTON-Lawrence Community Works has decided to buy and renovate the four historic buildings named the Newbury & Garden project in the Boston's North Common neighborhood to serve as inexpensive housing development.

ABERDEEN, MD-Merritt Properties, an office developer, has purchased a large piece of land in Aberdeen to build a business park to meet the requirements of government contractors looking for space close to Aberdeen Proving Ground.

CHICAGO-The developers of the Walton tower on the Park, Mesirow Financial and Enterprise Cos. have secured a crucial extension on a $129.5-million construction loan.

CHICAGO-A US Bankruptcy Court judge has ruled in favor of the lenders of the 556-room InterContinental Chicago O'Hare Hotel causing a setback for Harp Group, the hotels' developer and owner.

CHICAGO-The owners of the 802,265-square-foot The Plaza mall located in Evergreen Park have missed payments on their loan of $20.2 million.

CHICAGO-Dublin-based Anglo Irish Bank has listed over $100 million in troubled loans on the 225 W. Washington St. West Loop tower for sale.

NEW YORK CITY-Park Center for Rehabilitation and Healthcare is purchasing the Jewish Geriatric Center, a not-for-profit 354-bed nursing home at 4915 10th Ave. in Brooklyn, for $60 million.

BROOKLYN, NY-The Department of Citywide Administrative Services in New York City has inked a lease for 81,800 square feet of office space in downtown Brooklyn at 2 MetroTech Center.

INDIANAPOLIS-A 1,005-room JW Marriott Hotel will open on the southwest side of Indianapolis within six months.

INDIANAPOLIS-Carmel developer Lauth Group has settled with lender Inland American Real Estate Trust, who has permitted the developer to keep control of 37 of its 43 assets under bankruptcy measuring five million square feet.

CHICAGO-Regency Centers Corp., a Jacksonville-based operator, owner and developer of community and grocery-anchored shopping centers, has acquired the Glen Oak Plaza in Glenview, IL, for $18 million.

SAN DIEGO-LNR Partners Inc., a commercial realty investor, has completed the sale of the 316-room Mission Plaza Hotel & Suites to Jet Stream Hotels & Resorts and Reven Capital for a 70% loss of $12.5 million.

NEW YORK CITY-Extell Development's proposed plan of converting the Riverside Center on the Upper West Side to a 2,500-apartment project is facing opposition from the Manhattan Borough President Scott Stringer.