Allison Landa
White House Presents Housing Finance Reform
The U.S. Congress is now in receipt of a long-awaited report by the Obama administration on a plan for reforming the country’s housing finance market. The crux of the plan is to wind down government-sponsored enterprises Fannie Mae and Freddie Mac and decrease the federal government’s role in housing finance.
CPE Radio: Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending Feb. 11 and what to watch out for in the coming week.
Economy Watch: More Foreclosures?
The pace of foreclosure filings — default notices, scheduled auctions and bank repossessions — rose modestly in January, according to foreclosure specialist RealtyTrac, increasing 1 percent compared with December.
Call for Entries: Distinguished Achievement
CPE introduces the Distinguished Achievement Awards, honoring the top commercial real estate deals, projects and programs of 2010. Send in your entry forms by April 29 to be considered for Best Lease, Best Sale, Best Financial Structure, Best Project, Greenest Project, Most Effective Public-Private Partnership, Most Innovative Property Management Program, Most Creative Repositioning Plan, Most Tech-Savvy Property or Top Corporate Real Estate Program.
Americana Inks Lease
The imprintable sportswear distributor, which took 240,000 square feet in Santa Fe Springs, Calif., is planning a major expansion to accommodate its growing West Coast customer base.
SPECIAL REPORT: MBA Bullish on Economic Growth
The Mortgage Bankers Association issued positive assessments of the economy, job creation and financing activity during the annual MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
Facebook Leases New 1 MSF HQ
The nine-building campus, located at 1601 Willow Road about 30 miles south of San Francisco in San Mateo County, materialized over a two-year period commencing in 1993. Oracle came into possession of the asset in January 2010 when it officially completed its $7.4 billion buyout of Sun Microsystems.
Liberty to Develop 205,000-SF Project
GlaxoSmithKline is in the market for a new headquarters facility in Philadelphia and Liberty Property Trust plans to deliver it. At a cost of $81 million, the REIT, along with Synterra Partners, will develop a 205,000-square-foot office building at the Navy Yard Corporate Center for the research-based pharmaceutical company.
Economy Watch: More U.S. Homeowners Underwater
The housing hangover continues, according to a report released by Zillow, with an estimated 27 percent of U.S. mortgage-holders underwater in the fourth quarter of 2010. That total compares with 23.2 percent during the third quarter. Falling home prices have been a factor in the rise, but so have foreclosure moratoria, the report suggested.
Brown Revokes Sale of Calif. Buildings
The Golden State’s governor announced that he will cancel the proposed $1.2 billion transaction, claiming that now is not the optimal time to sell real estate.