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Industry Credit Crisis Squeezes Macklowe
With the real-estate debt market constricted by the credit crunch, Mr. Macklowe has found no way to refinance the $5.8 billion he borrowed from Deutsche Bank to acquire seven Manhattan office buildings less than a year ago for $7 billion. feeds.realestatejournal.com
Omnicell plans $40M stock repurchase
Omnicell Inc. said Monday its board approved the repurchase of up to $40 million of its common stock over the next 12 months. (OMCL) feeds.bizjournals.com
Divorced From the Man but Not From the Mortgage
Q: My then-husband and I bought a house in 1995. We divorced in 1999, and, pursuant to our divorce decree, he kept the house and I moved out. We both remarried in 2000. My new husband and I have a new mortgage on our home, after fighting to prove to the lender that my ex has the previous house. feeds.washingtonpost.com
For Unibail, Less From More
Unibail is being applauded by the market for one consequence of the French company's deal to buy Rodamco Europe: it sharply reduced the company's exposure to the office market. online.wsj.com