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September 2010
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  • Foreclosure Filed on Ritz Kapalua September 7, 2010
    The estate of bankrupt securities firm Lehman Brothers has filed court papers to foreclose on Hawaii's Ritz-Carlton Kapalua resort, continuing the carnage in that state's hotel sector. […]
  • Citigroup Gets Burned in the Caribbean September 3, 2010
    The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years. […]
  • New Resorts Owners Roll Dice September 1, 2010
    Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues. […]
  • Capital Freeze Thaws for Real-Estate Funds September 1, 2010
    Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash. […]

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