Date:
Mon, September 08, 2008 01:30:27 PMFrom:
Philly.com: Inquirer Business Update
Subject:
Inquirer Business Update: Luminent files bankruptcy
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Philadelphia Business Today
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Luminent Mortgage Capital Inc., a Philadelphia investor in residential-mortgage-related securities, today said it has filed for bankruptcy protection.
BUSINESS BLOGS
With deal-meister Joseph N. DiStefano off today, I thought I'd make sure you got your deal fix.
From the world of commercial real estate, the Phoenixville Corporate Center was sold for $12 million. That's a 167,531-square-foot building at 1039-1041 W. Bridge St. in Phoenixville, Montgomery County. Seller was Rosedon Holdings; buyers was CPG Acquisitions.
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The US Government's takeover of money-losing home-loan buyers Fannie Mae and Freddie Mac juiced the stock market this morning, but it's an expensive and temporary solution that'll need a permanent fix under the new President, Bloomberg News reports.
Today's Inquirer
T.N. Ward Co. will construct the home of the new soccer team, called the center of Chester's future.
The firm chosen last week to build the Philadelphia region's $115 million pro soccer stadium is best known for building casinos, including Harrah's Waterfront Tower, the 44-story landmark in Atlantic City.
He still gets shivers being able to turn tragedy into new life.
Howard Nathan set out to be a doctor.
Rejected from medical school, he hoped that networking with some prominent local transplant surgeons might give him another shot at admission.
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