Unfinished Projects Weigh on Banks
January 20th, 2010U.S. lenders are being forced to make unpalatable choices as they try to keep afloat stalled real-estate projects like Atlanta’s Streets of Buckhead.
Capmark Investments Joins Parent in Bankruptcy
January 20th, 2010Capmark Investments LP, a subsidiary guarantor of Capmark Financial Group Inc.’s corporate debt obligation, is joining Capmark Financial and its other subsidiary guarantors in its Chapter 11 proceedings. As of Sept. 30, Capmark Investments managed nearly…
Bank Watch: CRE Loans Hurt Ratings on South Financial Group; Threaten First Midwest’s
January 20th, 2010Fitch Ratings has downgraded the ratings for The South Financial Group Inc. and its principal bank subsidiary, Carolina First Bank, including the long-term issuer default rating to ‘B-’ from ‘B+.’
Fitch’s downgrade of South Financial’s ratings follows…
London Has Shaky Property Crown
January 20th, 2010London office space has re-emerged as the world’s most expensive. But that’s just because occupancy costs per work station have stopped falling while those in other cities are still in decline, according to a report.
Shanghai Industrial to Triple Land Bank
January 20th, 2010The Shanghai government’s investment arm will more than triple its land bank by buying a 45% stake in a distressed property company for $354.2 million.
A Bottom in Commercial Property?
January 20th, 2010Bulls see pickup in investment activity and shored-up REITs. Bears see some metrics still in decline.
Home Builders See Recovery
January 20th, 2010Housing construction is expected to rebound this year from the severely depressed 2009 level, but the market remains fragile as foreclosures continue to rise.
Lease Up/Lease Down (Jan. 17-23): Starwood Expands, Kraft and Cadbury Merge
January 20th, 2010CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
Lease Up/Lease Down (Jan. 10-16): Starwood Expands, Kraft and Cadbury Merge
January 20th, 2010CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
Lease Up/Lease Down (Jan. 10-16)
January 20th, 2010CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
