Commercial Real Estate Finance

Posts Tagged ‘TARP’

There are “tentative signs of recovery” in the US real estate market, but “there are still enormous challenges,” says Richard York from Real Capital Analytics.

The Congressional Oversight Panel is out with their latest TARP report, with Elizabeth Warren, Congressional Oversight Panel chair.

Commercial Real Estate Week In Review - The Week of July 3-9

- CMBS is returning to middle market loans…just very slowly.

- Holy Schnikies!  The U.S. Government Made a good bet!  The TARP Program has turned a profit.

- Meanwhile, “Pretend and Extend” is now viewed skeptically. ( When was it not?)

- Commercial real estate bonds are under-performing the broader market.  Why?

- Pebblebrook, a hotel REIT, has continued its buying frenzy with a $105M Atlanta purchase.
Read the rest of this entry »

Commercial Real Estate Week In Review - The Week of June 26-July 2

- As if we learned nothing, CMBS is back, and property owners are taking advantage of the good rates and terms.

- Could financial regulation boost mortgage costs and limit choices?

- What are the benefits and challenges for nontraded REITs?

- One of the largest homebuilders, Lennar, has swung to profit.  What does this mean for housing?

- Despite the equity raised recently, REITs are not likely to go on a buying spree anytime soon.
Read the rest of this entry »

Commercial Real Estate Week in Review-June 13-19

-Interested in a long term investment? It may be the time to get into REITs.

-Sunway REIT on track for $522MM IPO.

-Kimco Realty (NYSE: KIM) and Big Shopping Centers (NYSE: BIG) enter into a joint venture to purchase $422MM retail portfolio.

-Morningstar (NYSE: MORN): Commercial Real Estate market picking up.

-Is real estate a formidable liability to Chinese banks?
Read the rest of this entry »

Week of March 13-20

- The final cost of the TARP program will his $109 bil says the Congressional Budget Office.

- Developer Kent Swig looks to bundle his properties into a REIT as a vehicle to help return $50 mil to his creditors.

- Lower-than-average growth and an expected wave of new commercial properties coming to market could prove challenging to Singapore REITs.

- General Growth Properties shares rise due to speculation over a new Simon Properties bid.

- Retail leasing activity helps offset deluge of vacant junior anchor stores.
Read the rest of this entry »

- The Fed is looking to to calm the markets down after the discount rate increase.

- General Growth Properties bluntly turns down Simon Properties’ publicly announced $10 bil offer.

- 11 US banks that received TARP money posted a 13% increase in loan originations in December.

- Wells Fargo tops 2009 mortgage servicers ranking list.

- Kansas’ own “Fedstradamus” grimly predicts that rising deficits and maintaining interest rates at zero, may be our demise again.
Read the rest of this entry »

Starwood Hotels CEO on Earnings and Outlook

Geithner On Community Banks

The Week of January 31 - February 6

- Are real estate executives gaining confidence in the general market?

- Obama’s budget has hazy implications for commercial real estate.

- Former Security Capital Execs Plan REIT IPO.

- Despite the scare, Fannie Mae still funded over 80% of its loan originations last year with its MBS program.

- Will an infusion of TARP money into small banks result in productive lending to small businesses and real estate?
Read the rest of this entry »

Stanley Bing, an often insightful contributor to Fortune Magazine, wrote a very interesting blog post last week in regards to banking compensation. He cites an article in the NY Times that said, “Roughly 90 cents out of every dollar that these banks earned in 2009 — and sometimes more — is going toward employee salaries, bonuses and benefits, according to company filings.”  The paper also notes that Citigroup “paid its employees so much in 2009 –$24.9 billion — that the company more than wiped out every penny of profit.”  There has been a lot of outrage over banking institutions who took TARP money paying such exorbitant salaries and bonuses…but is it really a bad thing? Read the rest of this entry »

The Week of January 9-15

- China is trying to prevent its real estate bubble from growing before it bursts.

- CalPERS is planning on taking a public dump on the middlemen who advised them so poorly.

- Will a missed payment on Stuyvesant Town prompt foreclosure proceedings?

- The White House is contemplating taxing banks to recoup TARP losses.

- Jamie Dimon, never one to mince his words, called CRE a “train wreck” this week.
Read the rest of this entry »