How to:
TURN AROUND A STRUGGLING PROPERTY

By Natalie Dolce
GlobeSt.com - July 9, 2010

SAN DIEGO-When Atlanta-based the Radco Cos. took over as acting developer for the Mark, a 32-story 244-unit condominium building located directly north of San Diego’s Padres’ Petco Field, not one unit had been sold for almost two years. The company was engaged to renegotiate the senior loan and to take over full development responsibilities from the original sponsor. Read More...

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...