Bank Watch: Three Banks Given 30-Day or Else Notices
June 30th, 2010The Board of Governors of the Federal Reserve System has entered into Prompt Corrective Action Directives with three banks this month giving them just 30 days to either come up with fresh capital or contract to be acquired by another banking institution…
U.K.’s Hammerson Bets on Revival of Marseille
June 30th, 2010Some are calling it the French Correction. For British property company Hammerson, the $8.6 billion face-lift for Marseille’s storied Old Port district is an audacious bet on the revival of France’s second-largest city.
A Recovery on Left Coast
June 30th, 2010Home builders like City Ventures are snapping up any land suitable for construction in California, a sign the state is recovering from the housing crash that hit it so hard.
Lennar Cuts Its Prices as Sales Hit a Wall
June 30th, 2010Builder Lennar recently cut some prices more than 15% in Las Vegas, as an expiring tax credit has dented sales.
For Farallon, a $1.5 Billion Workout
June 30th, 2010Farallon is restructuring debt stemming from a big bet on trailer parks, one of the largest attempted workouts involving commercial-property loans sliced and sold in the boom years.
REIT Checks Out Mall Purchases
June 30th, 2010Many real-estate buyers have remained on the sidelines, complaining about the lack of attractive acquisition opportunities. Retail Opportunity Investments Corp. is an exception.
ICBC Pushes Into U.S.
June 30th, 2010Industrial & Commercial Bank of China, China’s largest bank, is rolling out a “large-loan” program targeting commercial real-estate owners in need of loans that exceed $100 million.
REITs Decline, Still Beat Stock Market
June 30th, 2010The bull-run by real-estate investment trusts ran out of steam during the second quarter as broader stock-market concerns prompted investors to trim their holdings.
The Case for PACE: Clean-Energy Financing for Commercial Buildings Holds Promise
June 30th, 2010The pace of innovation in solar and other energy efficiency technology has historically outstripped the ability of government and the private sector to come up with creative ways to finance solar retrofit and other green technology improvements in a way…
The Case for PACE: Clean-Energy Financing for Commercial Buildings Holds Promise But Untested
June 30th, 2010The pace of innovation in solar and other energy efficiency technology has historically outstripped the ability of government and the private sector to come up with creative ways to finance solar retrofit and other green technology improvements in a way…
