Los Angeles-based Colony Capital has been the #2 buyer of FDIC auctioned loans through the first half of the year.  Colony has also made news in recent months for being a potential rumored Buyer of troubled Corus Bank, likely due to Corus’ portfolio which is heavily weighted towards condo development deals.
Colony paid on average 67 [...]

Just a reminder to check out and register for the upcoming Sperry Van Ness auction.  Sperry Van Ness has had some internal conference calls related to the auction and all indications are that the sellers are motivated and reserve prices are dropping every day.
Register for Auction by Clicking Here

MarketMaker Auction Platform to sell REO, Bank Ordered and Developer Close-Out Properties
LOS ANGELES, Jun 24, 2009 (BUSINESS WIRE) — –Fees Paid to Cooperating Brokers
Register for Auction by Clicking Here
Sperry Van Ness/Guardian has announced the MarketMaker Western Regional Commercial Property Auction to be held July 30 at 2 p.m. at the Hyatt Regency Century Plaza in [...]