Exclusive: Chesapeake board member lent money to CEO McClendon

(Reuters) – As Chesapeake Energy Corp.’s board of directors moves to distance itself from loans taken by CEO Aubrey McClendon, documents reviewed by Reuters show that at least one former board member had undisclosed personal financial ties to him in the past. Now-retired b
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Real Money: Vornado Refinances Two Manhattan Office Bldgs

Vornado Realty Trust in Paramus, NJ, completed a $ 330 million refinancing of Eleven Penn Plaza, a 1.1 million-square-foot Manhattan office building. The 7-year loan bears interest at LIBOR plus 2.35%, about 2.64%. The loan amortizes based on a 30-year schedule beginning in the fourth
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Are You Losing More Than Money?

Each year thousands of landlords/homeowners in Central Florida spend thousands of dollars dealing with landlord-tenant issues, and other costs associated with managing their rental properties. In many cases these frivolous cost could have been reduced or even eliminated if these landl
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Real Money: SL Green Lines Up $1.5 Bil

SL Green Realty Corp. in New York closed on a $ 1.5 billion unsecured revolving credit facility, which refinances the company’s previous $ 1.5 billion unsecured revolving credit facility that was set to mature in June 2012. The new investment grade facility currently bears inter
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Real Money: Kimco, Vornado, American Capital Each Pull in $1 Bil. or More

Kimco Realty Corp. in New Hyde Park, NY, closed on a $ 1.75 billion unsecured revolving credit facility replacing both the company’s $ 1.5 billion unsecured U.S. credit facility and a $ 250 million Canadian credit facility. The new facility, which can be increased to $ 2.25 bill
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Anchor Commercial Given 90 Days To Raise Money or Be Sold

The Federal Reserve System has deemed Anchor Commercial Bank in Juno Beach, FL, undercapitalized and has yet to submit it an acceptable capital restoration plan as required. The Fed issued the bank a “Prompt Corrective Action Directive,” which gives it 90 days to increase
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Property Management – How Can It Help You Save Time and Money

Property management is a kind of service that you can get if you want to have someone who will be managing your properties. This service is very advisable for commercial and rental properties, because this will help you save a lot of time and money. Today, I will be explaining to you
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Cheap Money Fueling Net Lease Market

The availability of inexpensive money from a variety of capital sources, both large and small, has fueled the more than $ 29 billion of confirmed single-tenant investment sales year to date. Continued uncertainty with the stock market, together with lower yields available from more tr
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Real Money: Lenders Letting REITs Play the Accordion

Equity One Inc. in North Miami Beach closed a $ 575 million unsecured revolving credit facility that replaces its existing $ 400 million facility. The new facility, which has a 4-year term with a 1-year extension option, can be upsized to $ 800 million through an accordion feature. Bo
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Following the Money Webinar

National Real Estate Investor
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