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Real estate developer Randal Walters owes $37 million in unsecured debts, primarily to banks, investment partners and vendors, according to financial statements filed July 25 in his Chapter 7 bankruptcy case.
Walters filed to liquidate …
The number of contracts to purchase previously owned U.S. homes unexpectedly rose in June as buyers tried to take advantage of lower prices and borrowing costs, Bloomberg reported.
The 2.4 percent rise in the index …
Foreclosure filings dropped in 84 percent of the largest U.S. cities in the first half of the year as paperwork delays and a glut of seized properties slowed the repossession of homes, Bloomberg reported.
According …
Hundreds of foreclosed and abandoned houses may soon be demolished by Bank of America Corp. as it and other lenders seek ways to deal with homes they can’t sell, Bloomberg reported.
Disposing of repossessed homes …
EdgeBCC, a subsidiary of LightEdge Solutions Inc., has secured financing to double the size of its data center space in Altoona, as demand for cloud computing increases. EdgeBCC obtained a loan from U.S. Bank and …
The estate of Lehman Bros. is boosting sales of its commercial properties as prices improve. The failed investment bank now expects to recover $13.2 billion from its real estate portfolio between 2011 and 2014, The …
The Capital Plaza office tower in Washington, D.C., was sold for $149.5 million to Principal Real Estate Investors LLC, Bloomberg reported, and the transaction reflects rising commercial real estate values in the nation’s capital.
Vacant …
CB Richard Ellis/Hubbell Commercial has brokered the $4.7 million sale of Bridgewood Plaza at 165 S. Jordan Creek Parkway in West Des Moines. Three retail buildings with a total of 53,500 square feet were included …
Kum & Go LC purchased 2.22 acres of land in the Heritage at Prairie Trail development south of the Ankeny high school under construction at 1155 S.W. Cherry St. Marcus Pitts, a broker with NAI …
Joe Soto, CEO of One Social Media LLC, will present “The 15 Imperatives of LinkedIn” during the Iowa Commercial Real Estate Association’s monthly breakfast on Aug. 4 at Des Moines Golf and Country Club, 1600 …
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