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Bank of England Indicates Britain Headed into Recession

August 13, 2008

Tweet The governor of the Bank of England stated yesterday that “It’s bound to be the case that there is the possibility of a quarter or two of negative growth”. That would qualify as a recession, though that word is not used. Following on Japan’s release of numbers which showed contraction in their economy, it […]

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IndyMac Bank Goes Under; Second Largest Bank Failure in U.S. History

July 11, 2008

Tweet IndyMac Bank (NYSE:IMB) was taken over by the FDIC today as it went under for being under-capitalized. The banks stock which went from $50 down back in 2006 ended at $.28 today. IndyMac is the largest thrift ever to go under in the United States, and the second largest bank to go under. The […]

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Shorenstein Buys Mezzanine Debt on McCandless Towers

July 3, 2008

Tweet Shorenstein has acquired a $51.1M mezzanine loan collateralized by McCandless Towers in Santa Clara. Globe St. is reporting that the the debt was acquired at a discount. McCandless Towers was purchased by Tishman Speyer last July at a cost of $500 PSF ($213M), representing a 4.5% cap rate. McCandless Towers features two 11-story, 210,000 […]

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A Quick Guide to Investment Property Classifications

June 23, 2008

Tweet Over the past few decades, real estate investment has become increasingly sophisticated. Large institutional investors and developers have seen the line blurred between traditional investment banking for securities and that for real estate. Everything from the market analysis to the financing of the project has changed. Investors in commercial real estate often classify projects […]

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Credit and Equity Markets In For Massive Turmoil According to RBS

June 18, 2008

Tweet The Royal Bank of Scotland’s (RBS)¬†chief credit strategist Bob Janjuah¬†has issued a report to its clients to be prepared for a global credit and equity crash. Bob Janjuah forewarned against last year’s looming credit crisis. According to his report, the next three months will be nasty. The report includes warnings that the S&P could […]

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Wachovia Issues Report on Commercial Real Estate

June 16, 2008

Tweet Wachovia issued a report earlier this month on the state of commercial real estate. Generally speaking, they are bearish on almost all asset classes. Citing a tight lending market, oil prices, slowing demand, and other factors, the anticipation is that the run up in asset prices will continue the reverse which was initiated over […]

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