Roubini’s Back: “In A Few Days There Might Not Be A Eurozone”
April 28, 2010
Tweet The prolific Roubini is back! At the Milken Global Conference on a panel to discuss the Eurozone, Roubini indicated that “in a few days…there might not be a eurozone for us to discuss.” That certainly is an extreme view. But if you have been following the Greek debt crisis, one thing is certain, and [...]
Read More >>GS Whitehall Funds Down to Last $30M … From $1.8B!
April 16, 2010
Tweet And you thought that Morgan Stanley Real Estate Funds were the only players in town who had an expertise in losing massive amounts of money. The Financial Times is reporting that Whitehall Street International, GS’s international REF has essentially been wiped out. The fund is down to its last $30m, from about $1.8bn, a [...]
Read More >>2010 Will Be A “Bloodbath”, But Keep Reading
November 5, 2009
Tweet We’ve heard all sorts of things to describe the fall in CRE. The most recent have been “Bloodletting” (Soros), “Huge Crash” and “Tragedies” (Ross). P&I is out with an article pointing to the recent PwC/ULI report that is being widely reported on. They’ve focused in on the most sensational part of the report: “2010 [...]
Read More >>European Commercial Market Down But Opportunity Remains
September 21, 2007
Tweet The US subprime mortgage crisis, softening demand for housing, and more attractive prices for US REITs didn’t take long to affect REITs in Europe. The Wall Street Journal reports that European commercial real estate share prices dropped by 11% in the second quarter. During this time the cost of credit swaps increased 63 basis points [...]
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