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National Apartment Developer Filing Bankruptcy
15 hours ago ago from Chapter 7 Bankruptcy
One of the largest apartment developers in the nation, Fairfield Residential LLC, recently decided on filing bankruptcy protection in the Delaware Bankruptcy Court. Based in California , Fairfield owns over 64,000 apartments, condos and off campus student housing. The company also develops, buys and sells real estate property. The Wall Street Journal reports on the struggles of a company that acquired $7 billion in real estate ...
Related contentManhattan Providing Cheap Office Space for Startups
18 hours ago ago from Rofo Blog
When Lindsay Napor expanded her Manhattan -based development company earlier this year — moving out of free work space provided by an investor — she turned to the most logical place for the company’s new offices: New Jersey . Skip to next paragraph Enlarge This Image Katie Orlinsky for The New York Times Lindsay Napor and Joseph C. Grano of Ecological, a development company that specializes in sustainable ...
Related contentExit Shell?
1 hour, 11 minutes ago ago from Niger Delta Solidarity
A possible exit strategy from Nigeria by Shell would be to sell its total assets . Who would buy? A Nigerian consortium or possibly Sinopec of China. OIL giant Royal Dutch Shell could sidestep tougher restrictions on foreign companies in Nigeria and constant violence against its workers by selling its onshore assets in the turbulent African country in deals that would deliver the company an estimated £3bn. Shell yesterday declined ...
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21 hours ago ago from :: India Properties and Real Estates :: Properties in India
Newport Beach, CA – Stoneridge Capital Partners, a Newport Beach-based real estate investment company, has acquired The Village at Indian Wells from A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc. (NYSE: ALEX). The all cash $20 million transaction is part of Stoneridge’s strategy to capitalize on current market conditions by actively acquiring attractively priced assets. Current economic fundamentals have ...
Related contentChina’s New Shopping Spree
2 hours ago ago from 24/7 Wall St.
China is likely to invest another $200 billion into its sovereign fund CIC. according to the FT. CIC is known for taking non-controlling interest in companies, especially when they are based outside China's borders. That make sense because many Western governments do not want their assets control by Chinese interests. It is rarely clear what the term means. It might be more accurate to say most Western governments do not want China to ...
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