U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 02-05-2010, 01:59 PM
6 posts, read 13,100 times
Reputation: 10


Atlanta Business Chronicle: Intown condo values resetting?

Starwood Capital Group has foreclosed on The Brookwood, a 20-story luxury
condo tower on Peachtree Street in Buckhead.
Starwood foreclosed on the $109 million loan secured by the building at a
foreclosure auction Jan. 5, according to Databank Inc.
Starwood is believed to have purchased the note

for at least 35 to 40 percent of the original value of the loan, which was
originated by the failed Corus Bank of Chicago.
Atlanta Business Chronicle reporter Scott Trubey wrote last October that
Starwood Capital Group’s winning bid for the assets of Corus Bank could
create a steep drop in condo prices as the condo towers are foreclosed upon
and repurchased.
The Brookwood foreclosure is evidence that a reset in condo values could be
under way.
The Brookwood was developed by Regent Partners LLC and Urban Realty
Reply With Quote Quick reply to this message

Old 02-05-2010, 05:05 PM
Location: Atlanta, GA
1,262 posts, read 2,585,290 times
Reputation: 967

This exact article has already been discussed. Please search before you start a new thread.
Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Loading data...
Based on 2000-2020 data
Loading data...

Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 06:48 AM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top