The developer of the financially troubled Cosmopolitan Resort Casino on the Las Vegas Strip is said to be negotiating for help from hotel giant Global Hyatt Corp. and hedge fund Marathon Asset Management.

real estate at heart of nasty divorce
Ex-wife cheated out of home-sale proceeds through fraud, forgery

Architecture that screams for attention disappoints
Separating the talented designers from the poseurs

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Watch List (Jan. 27-Feb.2): Illiquidity Driving Borrower Specific Problems
In this week s issue, another multifamily landlord with a sizeable geographically concentrated portfolio is starting to crumble apart under the grip of an unforgiving credit market. But where traditional lending sources might be shut tight, investors…

Weak Vacation Ownership Sales Hurt Starwood’s Earnings
Starwood Hotels & Resorts Worldwide Inc. posted a 28% drop in fourth-quarter net income as strong hotel results were offset by variables including residential business, loss of earnings from hotels sold and a higher tax rate.

CoStar’s People of Note for Friday
Today’s People of Note includes the following markets: Boston, Denver, Northern New Jersey, Orange County and Sacramento. DENVER CresaPartners Names Worrell Managing Principal, Broker by Jason Mower CresaPartners appointed Scott Worrell as managing…

Lawsuit Filed Against Countrywide By Former Company Vice President
A one-time employee of the lender charges he was fired after raising concerns about questionable lending practices; the number of buyers for big office-building portfolios has plummeted; and more.

Keystone Ridge Apts. Sells for $11.1M
O’Hare Keystone Ridge property LLC acquired the 91-unit Keystone Ridge Apartments in Puyallup, WA, for $11.1 million, or $122,000 per unit, with a cap rate of 5.25%. The complex at 14209 E. 103rd Avenue Court was 100% occupied at the time of sale….

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