Commercial Real Estate Finance

Posts Tagged ‘Manhattan’

Most real estate professionals operate in a particular asset class because it is the one they know best.  Whether they happen to have been exposed to it first, or cut their teeth on it through experience, it seems to hold true.  But lets be objective here for a moment.  After having suffered what seems to be the worst of the economic downturn, and its subsequent impact on all types of commercial real estate, we sit in a very unique spot in terms of being able to assess which asset class is the most recession proof.  Let’s take a look at a few of the top candidates: Read the rest of this entry »

The Week of May 22-29

- The 177-Store anchor Blue Denim chain filed for bankruptcy.

- HUD took action against 120 FHA -approved lenders earlier this week.

- Grubb & Ellis reported Wider Quarterly, and Yearly Losses.

- A new report came out detailing that Manhattan Sales have reached a 25 year low.

- FHA announced it is allowing first time home buyers to sue the much ballyhooed tax credit towards their down payment.

- Fitch Ratings has downgraded First Industrial.

- Giant real estate player Tischman Speyer has announced they will sell some California assets to pay down debt.

- News broke on Tuesday that two more banks have failed.

- Sequoia Equities announced the acquisition of a $75M multifamily luxury apartment complex in Orange County, CA.

- S&K Menswear will be closing all remaining stores in bankruptcy

- A Westin hotel developer accused a local councilman of extortion.

- Sunstone sold a 274-room Marriott.

- Paramount Realty bought a prime retail center.

- Freddie Mac could help out the commercial backed securities market with
K-Certificates.

- LandAmerica sold 6 of its subsidiaries last weekend.