Dees Stribling
Suburban D.C. Property Refinanced for $43.5M
Rosslyn Metro Center in Arlington, Va., has been refinanced to the tune of $43.5 million, according to the Washington, D.C. office of Holliday Fenoglio Fowler (HFF) L.P., which oversaw the deal.
Freddie Mac Asks for More Federal Funds as Fate of GSEs Discussed in Washington
Freddie Mac’s request for $1.8 billion to sustain its reserves through the next quarter may have followed on sister Fannie Mae’s bid for its own fresh multibillion-dollar infusion, but in the scheme of things it amounts to barely a drop in the bailout bucket.
Economy Watch: V-Shape Recovery Flattened Out by Unusual Uncertainty
No one’s predicting a V-shaped recovery anymore–unless they’re saying the right half of the V has been run over by a truck.
Economy Watch: Fannie Mae Hits Up Uncle Sam Because of 2Q Loss
Fannie Mae returned to the U.S. Treasury on Thursday, hat in hand, asking for $1.5 billion in the wake of its net loss of $3.1 billion, or 55 cents a share, during the second quarter. Essentially, it was asking for its latest dividend back.
Economy Watch: Firing Level Low, but Hiring Level Not High
Jobs, jobs, jobs. On Tuesday, Chicago-based Challenger, Gray & Christmas Inc. said that job-cut announcements in July rose 6 percent from June. It was the third month in a row that planned firings went up. The heaviest cutters these days are public and nonprofit entities, not private employers.
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