Real Insight. Real Estate.

The Week of May 30-June 5

-  A new report emerged showing banks’ troubled CRE assets have doubled.

- Word from the NAREIT conference this week is that REIT’s are better positioned for the recovery.

- Countrywide’s ex-Chairman was charged by the SEC with fraud.

- What will be the nationwide commercial real estate impact for car dealership sites affected by GM filing for bankruptcy?

- Real Estate Lender Capmark successfully reorganized its financing to stay afloat.

- North Carolina’s State Employees Credit Union is going ahead with plans to build a 240,000SF office tower in Raleigh.

- Same store sales for the Month of May dropped again from a year ago, further halting the recovery.

- Business lender Advanta officially shut down all of its clients credit cards this week after much speculation.

- AIG has sold RE assets in New Jersey and Tokyo….is its Manhattan headquarters far behind?

- A positive sign for real estate finance: A developer in Boulder, CO has secured a $41 million loan for a senior housing project.

- GMAC is planning the sale of government-backed bonds.

- Not shockingly, a new report finds that delinquency rates for residential AND commercial mortgages have risen.

- An all cash deal netted a class-A troubled asset.

-  A shocking prognostication came from from hospitality leaders at the International Hospitality Industry Investment Conference.

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