Finance
Economy Watch: A Trillion Has Twelve Zeroes
Congress actually may be paying attention to the beleaguered commercial real estate industry, with many members sending a letter to the Fed and the Treasury asking those agencies to pay attention as well.
SF’s Transbay Terminal to Benefit from Influx of Funds
Two different streams of funds will provide for reconstruction of San Francisco’s Transbay Terminal: $400M in stimulus cash and a $171M loan from the Transportation Infrastructure Finance and Innovation Act.
Economy Watch: Heads the Banks Win, Tails the Government Loses
TARP comes under question, while tycoon Sam Zell keeps the faith for CRE.
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.
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.