Finance
Economy Watch: Some Homeowners Back From the Brink
The Mortgage Insurance Companies of America said this week that the number of U.S. homeowners who caught up with their delinquent mortgages in February was actually higher than the number who slipped into default for the first time. That hasn’t happened in nearly four years.
Prudential, Johnson Capital Form Multi-Family Partnership
Prudential Mortgage Capital Co. has long wanted to add Freddie Mac Program Plus capabilities to its quiver. A new strategic partnership with Johnson Capital makes that possible.
USAA Partners with Crimson to Acquire $1B in Distressed Properties
USAA Real Estate Co. and Crimson Real Estate Fund L.P. have joined the fray with the creation of a new alliance to invest as much as $1 billion in distressed real estate in a variety of property sectors and locations across the country.
CWCapital Expands West Coast Presence
CWCapital’s new Los Angeles office represents a big step for the Boston-based lender to the multi-family and healthcare real estate industries, which set its sights on creating a strong West Coast multi-family lending presence a couple of years ago and entered the market last July.
Economy Watch: Brookfield Aims to be GGP Stalking Horse
General Growth Properties Inc. has filed documents with the U.S. Bankruptcy Court for the Southern District of New York describing its proposed deal with Brookfield Asset Management, Pershing Square Capital Management and Fairholme Capital Management.
Economy Watch: Case-Shiller Index Bumps Up Again
The latest S&P/Case-Shiller home price index, which tracks residential valuation in 20 major U.S. metro areas, saw a 0.3 percent uptick in January 2010, compared with the previous month. It was the eighth time in a row that the index inched upward, with 12 of the 20 areas registering gains for the month.
Consumer Confidence on the Rebound in March
After a decrease last month, the Conference Board Consumer Confidence Index took a decided turn for the better in March.
Economy Watch: Florida Condo Project Taps Pent-up Demand
If the experience of a recent non-foreclosure residential property auction in Florida is an indication, there’s pent-up demand for properties out there, at least for well-located and even upscale properties. The trick is figuring out a way to tap the demand in spite of hesitation among buyers who have the wherewithal to buy.
Economy Watch: Chinese Investor Buys LA Hotel at Serious Discount
Some real estate investors still seem to believe in the future of the United States — and the U.S. hotel market in particular, which has taken more of a drubbing than other properties types since the recession began.
Long Wait for Growth May Be in Store, Linneman Tells NAI Global Forum
Prospects for the U.S. economy, public policy and commercial real estate industry drew a mixture of skepticism and cautious optimism in New York City this week at NAI Global’s annual market outlook.