Corus Auction Promises Property 'Mark'

By Lingling Wei and Anton Troianovski
The Wall Street Journal - September 23, 2009
About 10 investors are expected to submit bids to the Federal Deposit Insurance Corp. by Friday for $5 billion in condominium loans and other property held by the failed Corus Bank, in a key test of U.S. commercial real-estate values. The government-run auction, with loans backed by more than 100 real-estate developments, is the largest bulk sale of commercial-property assets since the financial crisis erupted. Read More...

2009: Riding the cycle

By Randall Shearin
Shopping Center Business - March 2009
About 10 investors are expected to submit bids to the Federal Deposit Insurance Corp. by Friday for $5 billion in condominium loans and other property held by the failed Corus Bank, in a key test of U.S. commercial real-estate values. Read More...