Keys Being Handed Back to Lenders on Southern California Portfolio
August 12, 2009
In an effort to eliminate drag, Maguire Properties has decided to walk away from seven Southern California properties. The debt on the properties total some $1 Billion. Four of the properties were acquired from Equity Office in 2007, which is not surprising since the properties were acquired at the peak of the market.
In what highlights [...]
Housing Pain: Developer Offers Buy One Get One Free
June 2, 2008
In a sign of where the housing crisis currently is, Michael Crews Development in Escondido has opted for a nover approach to selling homes: they’re offering a second home for free! If you buy into one of their more expensive subdivisions in Escondido, they’ll throw in a home from their less expensive Cityscape subdivision.
The offer has [...]
