Money Snatchers

Centerline Capital Group said Monday it has completed a series of deals that allows the real estate asset management firm to substantially restructure its outstanding debt.

Centerline Capital Group said Monday it has completed a series of deals that allows the real estate asset management firm to substantially restructure its outstanding debt.

Officials in the United Arab Emirates tried Tuesday to calm investors and the public over the Dubai World debt crisis, and the company itself said it was seeking to renegotiate only the obligations held by its troubled real estate …

The national debt is so large, it doesn’t even fit on most calculators. Western Colorado real estate developer Matt Miles says he was concerned that no one in government, nor most Americans, had ever seen the number. So he made a new calculator.

Two large Philadelphia daily newspapers hope to emerge from bankruptcy debt-free by paying creditors $37 million in cash plus real estate to settle nearly $400 million in debt.

Nicholas asked: What are the advantages and disadvantages of setting up a corporation to purchase a house or other real estate assets? Are there any?: Why do people do it?