“Private Setting”Address:163 Kuli Puu Street Kihei HI 96753Type:ResidentialBedrooms:4″Large Master Suite”Bathrooms:2″Plus powder room 1/2 bath”Garage:2, DetachedSize:1,851 sq. Read the rest of article…
ORLANDO – CB Richard Ellis announced the sale of Vista Verde in Orlando. Built in 1990, this luxury community features 200 units next to the Metrowest Golf Course. The property was 94% occupied at closing, and offers private garages, barrel tile roofs, and a full amenity package with a resort-style swimming pool.
Shelton Granade and Luke Wickham of CBRE’s Central Florida Multi-Housing Group exclusively represented the seller and have closed over $111,000,000 in Orlando thus far in 2011.
Fitch has classified eight of the top 15 loans in the pool, approximately 40.4%, as loans of concern, including two specially serviced loans.
Among the 12 downgraded classes, Fitch slashed the ratings on two classes of mezzanine triple-A to triple-B. However, the firm did not downgrade any super senior classes, which are those identified as triple-A with 30% credit enhancement at issuance.
The most significant loan in the effected pool is tied to the Peter Cooper Village/Stuyvesant Town development apartment complex in Manhattan. T
Markets in South Florida moved at an accelerated speed compared to North Florida, according to CB Richard Ellis.
TAMPA – For the first quarter of 2011, the Florida commercial real estate market experienced slow-moving, but positive, trends following the momentum of last quarter. Markets in South Florida moved at an accelerated speed compared to North Florida, as reported by the State of Florida MarketViews on office and industrial properties, released by CB Richard Ellis (CBRE). Real estate professionals project continued progress, with the possibility of short-term pauses. “The first quarter sustained the positive trends of last,” said Mary Jo Eaton, CBRE’s senior managing director for Florida. “We hope Read the rest of article…
BofA earnings for the quarter dropped 37% from one year ago but increased from a $1.2 billion loss in the fourth quarter. The bank settled representation and warranty claims on troubled residential mortgage-backed securities with monoline insurer Assured Guaranty for $1.6 billion. The remaining principal balance on these severely delinquent loans totaled $10.9 billion.
The settlement covered 21 first-lien RMBS trusts and eight second-lien trusts. In January, the bank settled RMBS buyback claims from Fannie Mae and Freddie Mac for roughly $3 billion.