Back to the Future: CRE Prices Falling Back to Pre 2004 Levels
November 4th, 2009While it has been widely assumed that the bulk of the damage from the devaluation of commercial real estate would hit properties purchased at the peak of the market in 2006 and 2007, Wall Street is now worrying about the deals completed in 2005 and earlier…
Bank Watch: FBOP Flops; U.S. Bank Takes Over $18.2 Billion in Assets
November 4th, 2009U.S. Bank of Minneapolis, MN, is taking over the troubled operations of the banking subsidiaries of FBOP Corp. of Oak Park, IL. U.S. Bank has assumed all of the deposits and essentially all of the assets of nine failed banks with combined assets of $19…
Retail Experts Divided over Holiday Sales & Traffic Expectations
November 4th, 2009The 2009 holiday retail sales projections are out and experts are divided over whether retailers can expect improved or disappointing sales during the all-important ‘make-or-break’ shopping period.
“This year’s holiday season spending will be a lot…
Reversal of Fortune? Apartment Investment Activity Picking Up
November 4th, 2009A flurry of recent apartment transactions and positive reports from the trenches by apartment owners is leading multifamily experts to say the sector is finally showing signs of improvement.
“The attitude towards multifamily has completely changed…
U.K.’s Liberty Forges On
November 4th, 2009Liberty International has made strides over the past year shoring up its balance sheet, managing occupancy and maintaining cash flow. But the U.K.’s largest retail landlord’s problems are far from over.
Fears of New Bubble as Cash Pours In
November 4th, 2009The World Bank and IMF are raising concerns that efforts by governments and central banks to stoke a recovery will create asset bubbles in real estate, stock and currency markets.
Wells Bets on Recovery to Fix Mortgages
November 4th, 2009Wells Fargo & Co.’s strategy for modifying troubled Pick-A-Pay mortgages looks like a game of kick-the-can-down-the-road.
Developers Diversified Deal Is Nearer
November 4th, 2009A closely watched deal that may help uncork the commercial-property debt market is picking up steam after being threatened by the Fed.
Hotel Venture Runs Into Ugly Reality
November 4th, 2009A foray into hotels by Sam Nazarian, who operates some of L.A.’s hottest nightspots, has turned into a costly slog amid the worst hotel market in decades.
CMBS Savior? Deal Is Nearer
November 4th, 2009A closely watched deal that may help uncork the commercial-property debt market is picking up steam after being threatened by some queasiness by the Fed.
