Feds Pick Nine Firms To Go Out and Raise $8.5 Bil for Troubled Assets
July 15th, 2009The U.S. Treasury Department, the Federal Reserve, and the FDIC pre-qualified nine ventures to participate as fund managers in the initial round of their Legacy Loan and Legacy Securities Program. The program is designed as a framework to bring capital…
Bank Watch: Regulators Come Down on Two Georgia Banks
July 15th, 2009The Federal Deposit Insurance Corp. and the Commissioner for the State of Georgia, Department of Banking and Finance recently issued cease and desist orders against Community Bank & Trust Co. of Cornelia, GA; and Crescent Bank and Trust Co. in Jasper…
Lease Cancellations: Crabtree & Evelyn To Abandon 35 Leases
July 15th, 2009Woodstock, CT-based Crabtree & Evelyn, a bath and body products retailer, filed Chapter 11 on July 1. The company said it would execute a reorganization plan to improve its prospects for future growth and profitability, which includes reducing its number…
Retail Property Deliveries Drop During Quarter, Putting Focus On Those Moving Forward
July 15th, 2009During the second half of 2008 and first half of this year, the number of retail projects breaking ground slowed to a trickle as developers and their lenders continued to responded to the tough leasing and credit markets by delaying or cancelling many…
Retail Deliveries Drop During Quarter, Putting Focus On Those Moving Forward
July 15th, 2009During the second half of 2008 and first half of this year, the number of retail projects breaking ground slowed to a trickle as developers and their lenders continued to responded to the tough leasing and credit markets by delaying or cancelling many…
Auction Gavels (Again) Mark the Return of Distressed Real Estate
July 15th, 2009With the recession taking a toll on traditional channels for selling commercial real estate, auction houses are once again stepping up to the podium to call “going, going, gone” on a new set of distressed assets just beginning to hit the market.
Auctioneers…
On the Block: Auction Gavels (Again) Mark the Return of Distressed Real Estate
July 15th, 2009With the recession having curtailed much of the traditional channels for selling commercial real estate, auction houses are once again stepping up to the podium to call “going, going, gone” on a new generation of distressed assets just beginning to hit…
Real Money: Finances “R” Us
July 14th, 2009In this week’s issue:
Toys “R” Us refinances two of its subsidiaries
The Mortgage Bankers Association lowers its forecast of mortgage originations
Plus we give you new property finance deals and a valuable leads list of lenders on recent office building…
Architects Group: Nonresidential Construction Slump to Continue Through 2010
July 14th, 2009Nonresidential construction spending, continuing to reel from the effects of the recession, is expected to drop by 16% this year and another 12% in 2010, according to a midyear survey by the American Institute of Architects.
With several months of…
Architects Group: Commercial Construction Slump to Continue Through 2010
July 14th, 2009Nonresidential construction spending, continuing to reel from the effects of the recession, is expected to drop by 16% this year and another 12% in 2010, according to a midyear survey by the American Institute of Architects.
Commercial projects will…
