Subject: Property Offerings - Unsold (PRUNS)

By John Covaleski, Commercial Real Estate Direct Staff WriterWhile buyers remain unwilling or unable to make purchases, the inventories of property offerings and distressed assets are mounting substantially, according to Real Capital Analytics.The disparity hit a high note in April, ...

Philadelphia InquirerWith its pending sale of the Trump Marina in Atlantic City, N.J., stalled, Trump Entertainment Resorts Inc. is looking to re-market the hotel-casino property. The company, which is in bankruptcy, has asked Lazard Asset Management to handle the marketing. ...

The Real DealA venture of Moinian Group and Goldman Sachs has withdrawn 417 Fifth Ave. in Manhattan from the sales market. The venture, which acquired the 412,000-square-foot office property for $250 million in 2007, was concerned that it would resell ...

Crain's Chicago BusinessFalling real estate prices as well as last year's bankruptcy filing prompted Tribune Co. to pull Chicago's Tribune Tower from the sales block. The media company had tapped Eastdil Secured last summer to market the 940,000-square-foot office property, ...

Prime Group Realty Trust said it has terminated an agreement to sell 180 N. LaSalle St. in Chicago because its prospective buyer, Younan Properties Inc., had failed to complete its purchase by an agreed-to deadline.The deal was thought to have ...

Crain's Chicago BusinessThe sale of Chicago's 180 N. LaSalle St. may be dead. Younan Properties said it will not meet today's closing deadline to purchase the 770,200-square-foot office property in the city's North Loop area. Last September Younan had agreed ...

New York Times Starrett City, the nation's largest federally-subsidized multifamily complex, has been pulled from the Brooklyn, N.Y., sales market. The ownership group led by Disque Deane blamed the faltering economy and lack of financing for pulling the 5,881-unit property ...

Daily HeraldThe Utah School and Institutional Trust Lands Administration has called off a property auction slated for May because of the depressed sales market. The agency, which usually sells 5,000 acres annually in auctions held in May and October, was ...

Crain's Cleveland BusinessA plan to sell 30 acres of land once used for an amusement park in suburban Cleveland have been scotched, a casualty of the declining real estate and development markets. Richard E. Jacobs Group had planned to buy ...

Commercial Real Estate Direct Staff ReportFranklin Street Properties Corp. has terminated its agreement to buy One Congress Center, a 522,000-square-foot office building in Chicago.The Boston company, which owns properties as well as an investment banking operation that structures real estate-owning ...