Business Specialties
Economy Watch: Bernanke’s Back
On Thursday, the U.S. Senate re-upped Federal Reserve Chairman Ben Bernanke — but it wasn’t a hugely wholesale endorsement.
Economy Watch – Frayed State of the Union
Though Pres. Obama did not dwell on CRE in his State of the Union address, he did speak a great deal about credit and jobs — the industry’s lifeblood.
Morgan Stanley Gives $110M Boost to Hard-Hit Affordable Housing Market
Morgan Stanley has given a $110M boost to Chicago-based Low Income Tax Credit syndicator National Equity Funds Inc. in order to inject necessary funding into low-income multifamily projects across the nation.
Economy Watch – Consumers a Little Less Fidgety
Consumers less pessimistic, but Case-Shiller indices show home prices down in 16 of the 20 major markets covered. Also, consolidation may be a wave of the CRE future.
JLL Report: Cautious Optimism for 2010
The firm’s January Global Market Perspective contends that we have reached or are near the bottom — but that a slow recovery is at hand.
KDC, Digital Realty Join Forces
The combined companies hope to offer a unique turnkey solution for owners and developers of data centers.
Economy Watch – A Floor for Residential Real Estate?
Some badly shaken markets are going from very bad to less bad, bolstering the idea that residential real estate has hit bottom. However, banks are still being shut down — perhaps even at last year’s pace.
Economy Watch: Fools-A-Plenty
The greater fool in the Stuyvesant Town-Peter Cooper debacle? Time will tell. Meanwhile, sales figures may or may not bloom in spring, and the banks are still feeling the pain of CRE debt.
Economy Watch: The Business Cycle Abides
The case for pessimism might now be spreading to Wall Street after its recent flirtation with the 10,000 highlands, since the Dow Jones Industrial Average was down 104.22 points, or 1.05 percent, on Monday, ending well below 9,900. The S&P 500 and the Nasdaq were also off, 1.17 percent and 0.59 percent respectively.
As Gov’t Demand Buoys DC Office Market; ING Makes $73M Sale
The Washington, D.C., office market may have reached a turning point in demand as the region experienced improved fundamentals last quarter—figures propelled by expanded demand for government office space. And if deals like the recent $73 million sale of an office building in Falls Church, Va., are any indication, buyers are taking interest in the area’s strong demographics..