Comments on: U2 CAN BUY COMMERCIAL PROPERTIES @ AUCTION http://www.socalofficerealestateblog.com/?p=901 Southern California Office Real Estate Blog is your key to buying + selling in the Los Angeles office market. Wed, 08 Sep 2010 10:04:15 +0000 http://wordpress.org/?v=2.6.2 By: how to invest in silver http://www.socalofficerealestateblog.com/?p=901#comment-215934 how to invest in silver Thu, 24 Jun 2010 12:01:42 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-215934 Thanks for best news! Thanks for best news!

]]> By: Erika Morphy http://www.socalofficerealestateblog.com/?p=901#comment-204497 Erika Morphy Fri, 28 May 2010 06:11:48 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-204497 The Watergate Hotel has found a new owner close to a year after it was taken back by the lender. New York-based Euro Capital Properties has acquired the closed 251-key landmark property for $45 million, according to the Washington Business Journal. The sale closed Wednesday, the paper reported. Last summer, PB Capital Corp., which held the $44.3-million loan, took the hotel back when there were no bidders for the property. Monument Realty, which acquired the hotel in 2004, had defaulted on the note. The Watergate Hotel has found a new owner close to a year after it was taken back by the lender. New York-based Euro Capital Properties has acquired the closed 251-key landmark property for $45 million, according to the Washington Business Journal. The sale closed Wednesday, the paper reported.

Last summer, PB Capital Corp., which held the $44.3-million loan, took the hotel back when there were no bidders for the property. Monument Realty, which acquired the hotel in 2004, had defaulted on the note.

]]> By: Southern California Office Real Estate Blog » U2 Can Buy … http://www.socalofficerealestateblog.com/?p=901#comment-157727 Southern California Office Real Estate Blog » U2 Can Buy … Wed, 14 Oct 2009 12:43:10 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-157727 [...] The National Association of Auctioneers estimates that $58.6 billion in real estate was sold in private live- auction bidding in the U.S. in 2008, up 38.5% from five years ago. Auctions in residential real estate have risen 47.7%, …Continue [...] [...] The National Association of Auctioneers estimates that $58.6 billion in real estate was sold in private live- auction bidding in the U.S. in 2008, up 38.5% from five years ago. Auctions in residential real estate have risen 47.7%, …Continue [...]

]]> By: Seattle Pi http://www.socalofficerealestateblog.com/?p=901#comment-154763 Seattle Pi Sun, 13 Sep 2009 04:51:20 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-154763 Saving energy in buildings and other non-transportation initiatives could reduce the nation's energy consumption by 23 percent by 2020, generating 900,000 jobs, saving the U.S. economy $1.2 trillion and reducing greenhouse gas emissions by 1.1 gigatons a year, according to a new study. The savings could be done with existing methods and technologies and spending of $50 billion a year over a decade, according to the McKinsey & Co. report, which was sponsored by the U.S. Green Building Council and 11 other public and private organizations. Saving energy in buildings and other non-transportation initiatives could reduce the nation’s energy consumption by 23 percent by 2020, generating 900,000 jobs, saving the U.S. economy $1.2 trillion and reducing greenhouse gas emissions by 1.1 gigatons a year, according to a new study.

The savings could be done with existing methods and technologies and spending of $50 billion a year over a decade, according to the McKinsey & Co. report, which was sponsored by the U.S. Green Building Council and 11 other public and private organizations.

]]> By: Cityfeet.com http://www.socalofficerealestateblog.com/?p=901#comment-152297 Cityfeet.com Tue, 01 Sep 2009 06:56:47 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-152297 Cityfeet.com The Premier Online Commercial Real Estate Network. Cityfeet.com The Premier Online Commercial Real Estate Network.

]]> By: CRE News http://www.socalofficerealestateblog.com/?p=901#comment-149516 CRE News Thu, 27 Aug 2009 06:12:08 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-149516 At least six hotel chains are negotiating to buy the shuttered Watergate Hotel in Washington, D.C., according to PB Capital, which is offering the landmark property for sale as part of foreclosure proceedings. PB, which holds a $40 million loan against the 251-room hotel, said the potential buyers are assessing how much it would cost to restore the property. A venture of Monument Realty and Lehman Brothers Holdings, which acquired the property in 2004 for $55 million, defaulted on the debt in July. PB made a $25 million credit bid for the Watergate after an auction in July failed to attract acceptable offers. At least six hotel chains are negotiating to buy the shuttered Watergate Hotel in Washington, D.C., according to PB Capital, which is offering the landmark property for sale as part of foreclosure proceedings. PB, which holds a $40 million loan against the 251-room hotel, said the potential buyers are assessing how much it would cost to restore the property. A venture of Monument Realty and Lehman Brothers Holdings, which acquired the property in 2004 for $55 million, defaulted on the debt in July. PB made a
$25 million credit bid for the Watergate after an auction in July failed to attract acceptable offers.

]]> By: Preservation Nation http://www.socalofficerealestateblog.com/?p=901#comment-148148 Preservation Nation Tue, 25 Aug 2009 07:03:41 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-148148 When owners of two famed modernist houses recently decided to sell, they both turned to fine-art auctioneers—with surprising results. In May, Christie's sold Richard Neutra's Kaufmann House for $16.84 million, but the sale was terminated by the owners days later. The same week, Wright auction house tried to sell Louis Kahn'sEsherickHouse for $2million, but found no bidders. When owners of two famed modernist houses recently decided to sell, they both turned to fine-art auctioneers—with surprising results.

In May, Christie’s sold Richard Neutra’s Kaufmann House for $16.84 million, but the sale was terminated by the owners days later. The same week, Wright auction house tried to sell Louis Kahn’sEsherickHouse for $2million, but found no bidders.

]]> By: Twitted by kenkap http://www.socalofficerealestateblog.com/?p=901#comment-146941 Twitted by kenkap Sun, 23 Aug 2009 15:38:00 +0000 http://www.socalofficerealestateblog.com/?p=901#comment-146941 [...] This post was Twitted by kenkap [...] [...] This post was Twitted by kenkap [...]

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