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Economy Watch: British Bank to Re-Spark MBS Market?
The RBS, formerly a big player in MBS, was KO’d when the worldwide financial markets went FUBAR two years ago, and hasn’t securitized since.
Indiana’s 300-Acre Grand Victoria Casino & Resort Property to Trade for $43M
Home for the Grand Victoria is a 300-acre site fronting the Ohio River, approximately 40 miles southwest of Cincinnati.
Economy Watch: Economy on a Slow Road to Recovery
“Very moderate, gradual, sluggish recovery” seems to be new conventional wisdom of economists.
Pizzuti to Develop Whirlpool’s $85M Corporate Office Campus in Michigan
With workers at 15 owned and leased locations in the area, Whirlpool’s goal is to unite staff members under a three-campus umbrella.
State Department Taps Hellmuth to Design $192M Moscow Embassy Project
With projects ranging from hospitals to agency headquarters across the country, the federal government has a substantial development pipeline but, as evidenced by a recent contract award, its commercial real estate endeavors are not confined to U.S. soil.
Economy Watch: Banks Will Need Bigger Capital Cushions
Banks worldwide will eventually have to keep more capital under their mattresses, metaphorically speaking, under new rules published over the weekend by the Basel Committee on Banking Supervision, a group of regulators and central bankers who meet periodically in Switzerland.
DivcoWest Acquires 640,000-SF Sacramento Office Portfolio
The portfolio includes one six-story office tower and five mid-rise buildings.
Premier 146,000-SF D.C. Office Building Trades for $93.5M
Investors continue to flock to the Washington, D.C., office market, and Falcon Real Estate Investment Company L.P. is one of the latest to snap up a premium property.
Economy Watch: Unemployment Claims Tick Downward, Monster Optimistic
According to the U.S. Department of Labor, for the week ending Sept. 4, seasonally adjusted initial jobless claims were down 27,000, to a total of 451,000, compared with 478,000 the week before.
Starwood Capital Sells Iconic Hotel Lutetia in Paris for $171M
The famed Hotel Lutetia in Paris has changed hands after five years under Starwood’s ownership.