Quantcast

Meredith Whitney Back on CNBC

December 8, 2009

Tweet Commercial real estate losses expected to peak in 2010, consumers continue to be slammed, and she expects the number of Americans who don’t have bank accounts to grow to 30%!

Read More >>

Simon Property Group Snaps Up Prime Outlets For $2.3B

December 8, 2009

Tweet Simon Property Group (SPG: 167.67 -0.31%) has purchased outlet owner and operator Prime Outlets for $2.33B. Big news, except the company paid 80% of the price in cash, and the rest in partnership units, plus assumption of debt. The deal gives Indianapolis-based Simon Property an additional 22 retail outlet centers, increasing its total to […]

Read More >>

Legislative Update: Congress Looking To Raise Carried Interest Tax

December 8, 2009

Tweet Congress is working on reforming (raising) taxes and one of the areas it is focused in on is carried interests. We discussed this earlier in March. This would cause real estate partnerships (GPs) to be taxed at ordinary income levels rather than the capital gains rate of 15%. Here’s an email I received from […]

Read More >>

ProLogis and AMB Present at Goldman Conference

December 7, 2009

Tweet ProLogis and AMB presented at the Goldman Sachs Commercial Real Estate Symposium in New York. Despite the risks that still exist, both groups are seeing more reasons to be optimistic. One interesting point on the webcast was that even through the peak, there were not that many large industrial portfolios that were backed by […]

Read More >>

San Francisco Magazine Covers The Lembi Fallout

December 7, 2009

Tweet The Lembi story in San Francisco is not a new story. The family, through Trophy Properties, Skyline Realty, and CitiApartments, was at one point was the largest owner of apartment buildings in the city. The group controlled over 8,000 apartment units at the peak, using extremely high amounts of leverage to acquire them. Notice […]

Read More >>

Tishman Completes 550 Terry Francois Sale to GLL

December 7, 2009

Tweet The Business Journal is reporting that the sale of 550 Terry Francois to GLL is a done deal. A Tishman fund, traded on the Australian Securities Exchange as Tishman Speyer Office Fund, sold the 283,000-square-foot building for $135.5 million. The sale, which closed Nov. 26, represented a 21 percent drop from the $173 million […]

Read More >>

Tim Geithner on CNBC – Deficits Down in 2011

December 3, 2009

Tweet Treasury Secretary Tim Geithner was on CNBC. He talks about pockets of strength in the economy, including technology and exports. If those are the only two, we’re in trouble because those two are driven by a weak dollar and rebuilding of inventory channels. The basic strategy involves “going back to living within our means”. […]

Read More >>

Banks Not Even Half Way Through CRE Writedowns

December 3, 2009

Tweet Moody’s is estimating that banks still have about $336B in write-downs to take next year, with $186B of that stemming from commercial real estate. While residential real estate is widely assumed to have peaked, and is spread across a large number of banks, commercial real estate losses remain on the back burner and are concentrated amongst […]

Read More >>

Clock Ticking For Morgan Stanley Fund V

December 3, 2009

Tweet We had covered Morgan Stanley’s troubles in the recent past, including its walking away from its massive Crescent deal, and the looming troubles it is facing on the CNL deal (think Maui Prince), and the Blackstone/Equity Office assets it acquired at the top of the market. WSJ has a piece on the CNL deal […]

Read More >>

Donald Trump on CNBC

December 2, 2009

Tweet

Read More >>
Page 10 of 32« First...89101112...2030...Last »