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Thinning Loan Loss Coffers May Restrict CRE Lending
In addition to keeping an eye on declining property values, falling rents and rising vacancy rate numbers, the commercial real estate community is also concerned over ominous signs in banking industry numbers. One big area of concern is the fact that banks are stowing away more money to cover problem loans. The amount being set aside is rising rapidly and is now higher than it has been for a quarter of century. Meanwhile...
Recent Improvement in CRE Liquidity Welcomed, But Loan Maturities Loom Large
Commercial real estate lending has tentatively started to flow, but as any building owner will attest...
NEW PLAYER: Cassidy Turley's Mark Burkhart On Launching a Major New CRE Firm
Eight regional commercial real estate firms that teamed up to become one in January officially launched...
Shopping Center Execs Voice Improving Confidence Despite Major Challenges
The International Council of Shopping Centers' (ICSC) latest Shopping Center Executive Survey showed...
Lease Up/Lease Down (Mar. 7-13): UBS Renews, Postal Service Unveils 10-Year Plan
CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease...
Investors Picking Up Unfinished Condo Projects
LeaseFlorida LLC in Miami Lakes, FL, foreclosed on two failed residential condominium projects. In the...
Bank Watch: Building a New Banking Company Out of Distress
One Main Street LLC, a New York-based investment fund, agreed to acquire tiny Liberty Bank Inc. of Salt...
Pershing Square & Fairholme Capital Offer $3.925B to General Growth
General Growth Properties (NYSE:GGP) announced that a joint venture between Pershing Square Capital Management...
In The Pipeline: CoStar Development and Construction News for March 7-13
In this week's edition of In The Pipeline, Forest City's Atlantic Yards mixed-use project is scheduled...
UBS Renews, Consolidates in Chicago
UBS is extending its stay at One North Wacker Drive in Chicago, also known as the UBS Tower. The Swiss...
10-Year Plan Indicates Post Office Closures
Faced with a probable $238 billion shortfall over the next 10 years, the United States Postal Service...
CoStar's Retail News Roundup: Mar. 7 - 13, 2010
This week in the Retail Roundup, CoStar reports on expansions or new concepts at TJX Companies and...
Elbit Plaza USA Aims to Invest up to $1B in U.S. Retail Real Estate
Elbit Plaza USA, a new real estate investment venture jointly formed by Elbit Imaging and Plaza Centers...
Inland Acquires 16-Center Portfolio for $424M
Oakbrook, IL-based Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate...
Signs of Hope Seen in Investment Sales Activity
Large dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook...
By The Numbers: Commercial Developers Off to A Rough Start in 2010
Commercial real estate development and construction activity continued to plumb new depths in 2010, according...
Retailers Expected to Close Fewer Stores in 2010
Add store closings to the list of categories where 'less bad' has become the 'new good.' The International...
General Growth Granted Extension to File Reorganization Plan
U.S. Bankruptcy Court Judge Allan Gropper granted General Growth Properties an additional 120-day exclusive...
Lease Up/Lease Down (Feb. 28 - Mar. 6): Hummer: Stalling Out for Good?
CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease...
CMBS Outlook: Multifamily Still Stressed; Retail Half Way There
While multifamily vacancy rates are expected to stabilize in certain markets, Fitch Ratings' outlook...
Bank Watch: Pacific Western Bank Sells $324 Mil. of Impaired Loans
Pacific Western Bank in San Diego, CA, sold 61 non-covered adversely classified loans totaling $323.6...
LaSalle Invests $95M in Sofitel Washington
LaSalle Hotel Properties, a Bethesda, MD-based hotel REIT, purchased the Sofitel Washington, DC Lafayette...
Peerless Industries Consolidating International Operations
Peerless Industries is consolidating operations, inking a full-building lease just west of Chicago. The...
Equity One May Acquire Liberty International's $560M U.S. Retail Portfolio
Liberty International Plc, the largest owner of shopping centers in the U.K., is considering selling...
Blockbuster Shuttering Up to 545 Stores During 2010
Keeping with the ongoing contraction of the traditional movie rental retail business, Blockbuster Inc...