FDIC Chief: CRE Delinquencies, Bank Failures to Keep Rising
Federal Deposit Insurance Corp. Chairman Sheila C. Bair said she expects that banks will see higher delinquency and charge-off rates on commercial real estate loans which will likely lead to escalating bank failures in coming quarters. CRE credit…
Real Money (Jan. 21): Capital Raisings, Property Financings
PGGM Private Real Estate Fund (PGGM), an investment vehicle for Dutch pension funds, agreed to increase its investment in Behringer Harvard’s growing portfolio of multifamily communities to $300 million. This most recent commitment represents the third…
Forecasters See Return to Stability, Not a Resurgence for Retail Real Estate in 2010
Based on the flurry of reports from a wide range of industry observers, there appears to be growing consensus that the worst may be over for the U.S. economy and that, with consumer spending returning to positive, a retail real estate recovery is in…
Capmark Investments Joins Parent in Bankruptcy
Capmark 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…
Positive Outlook for Retail Real Estate Tempered by Ongoing Market Correction
Reporting on the major trends that took place in retail real estate in 2009, and expectations for the coming year, CoStar Group recently provided clients with a detailed analysis on the retail real estate market in the latest in its series of quarterly…
Banks Report Slowing CRE Loan Charge-Offs
A number of major regional banks reported a general slowing in the rate of deterioration of their commercial real estate loan portfolios in the fourth quarter, with several reporting a decline in the rate of charge-offs — loans deemed mostly uncollectable…
Investor Focus: Hotels Poised for Picking?
Private equity firms and corporations seemed poised to take advantage of opportunities in the distressed hotels arena this year. In the past week, an affiliate of Lone Star Funds agreed to acquire Lodgian Inc. for $270 million, including assumed debt…
SURVEY SAYS: Foreign Investors Still Bullish On U.S Property
More than half of foreign investors now say the U.S. provides the best opportunity globally for growing the value of commercial real estate investments, according to the annual survey conducted among the members of the Association of Foreign Investors…
Starwood Hotels Adding 12,000 Jobs in 2010
Starwood Hotels & Resorts is adding more than 12,000 new jobs worldwide this year as it expands its line by about 80-100 hotels. Approximately half of the new positions will be located in the United States, the hotel giant said. Starwood plans to…
Trizec, Equity Office Veteran Callahan Launching New Office REIT
Timothy H. Callahan is getting back in the REIT arena. The former president and CEO of two former publicly traded REITs, Trizec Properties and Equity Office Properties Trust, filed registration papers to launch his own office REIT: Callahan Capital Properties…


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