Commercial Real Estate Finance

Posts Tagged ‘American Recovery and Reinvestment act’

Over the last six months, I’ve seen numerous marketing packets (mostly from law firms) advertising professional expertise to help owners/developers of real estate to get financing through ARRA bonds.  Curiously, in spite of all this marketing, I have yet to hear of a private development project in my local market that successfully secured ARRA bond financing.  I think the reason for this is that no matter how savvy you are when it comes to low-cost government subsidized financing, there is simply too much luck involved in issuing ARRA bonds.  And as far as I remember, none of the law firms whose marketing packages I’ve seen had “Luck” as an area of expertise.

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The Week of September 5-11

- And the REIT deleveraging continues…

- The toilet is starting to overflow, as five more banks got flushed.

- A huge Colorado condo development owner has filed for Chapter 11.

- A recent study by Jones Lang LaSalle shows that CRE velocity will pick up, while values will remain flat.

- Where GM might have failed, GE plans to succeed. Read the rest of this entry »

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Tom Coburn, a U.S. Senator from Oklahoma issued a report last week entitled 100 Stimulus Projects: A Second Opinion.  The report highlights 100 projects currently being funded by the American Recovery and Reinvestment act (a.k.a. stimulus bill) that are utterly wasteful.  The following is a list of the Top 10 projects that Coburn’s oversight team deemed to be the biggest wastes of taxpayers’ money.  I encourage you to check out the full report as the headlines reproduced here directly from Coburn’s report are not always indicative of how ridiculous these projects actually are. Read the rest of this entry »

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