Archive for February, 2010
Banks Report Small Profit But “Problem” List Jumps
The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry eked out a small profit, the government said Tuesday. The 702 banks on the Federal Deposit Insurance Corp.’s confidential “problem” list are the most since the height of the savings-and-loan crisis in the early 1990s. Big banks [...]
Read moreConsumers’ Assessment of Current Conditions Lowest Since 1983
The Consumer Confidence Index fell almost 11 points to 46 in February. Analyst had expected a small decrease to 55. One gauge that measures consumers’ assessment of current conditions dropped to 19.4, the lowest measured level since 1983. The news sent stocks lower, as the Dow Jones fell 100.97 points. The report confirmed what many [...]
Read moreSelect Distressed Opportunities Coming in 2010
Matthew Anderson, a partner at Foresight Analytics, talks with Bloomberg’s Betty Liu about the commercial real-estate market.
Read moreSenator Dodd Urges Action on Commercial Real Estate
U.S Senate Banking Committee Chairman Christopher Dodd asked regulators on Monday for a report on efforts to stabilize the commercial real estate sector. He further asked regulators to “redouble efforts to provide appropriate oversight” of the sector of the economy. Senator Dodd noted that Fed examiners at the U.S. central bank reported a “sharp deterioration” [...]
Read moreIs Commercial Real Estate Getting Better or Worse?
According to a recent report from Moody’s, commercial real estate prices increased 4.1 percent in December 2009. This is the second consecutive price increase in as many months and the single largest monthly increase in the history of the CPPI. However, prices are still 29.2 percent lower than they were one year ago, and 40 [...]
Read moreSpace for Lease in Glendale, Arizona
Commercial Real Estate
8151 West Union Hills Drive, Suite 105
The Potential Coming Storm in Commercial Real Estate
Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg’s Betty Liu about the potential coming storm in commercial real estate due to the erosion of market fundamentals, the overbuilding of projects in several areas of the country, and the losses community and regional banks face on these projects.
Read moreAcquiring a Distressed CMBS Real Estate Asset? You May be Getting the Debt Too.
A number of special servicers have commenced making asset sales subject to the transfer of the current debt on the property to the new buyer. Upon closing of the transaction, these special servicers are restructuring that debt. The acquisition of these assets requires a deep knowledge of the debt structure in place as well as [...]
Read moreNearly Half of the $1.4 Trillion of Commercial Loans Maturing by 2014 are Under Water
According to a report written by the Congressional Oversight Panel, nearly $700 billion of loans set to mature by 2014 owe more than the properties securing them are worth. The fear is that the ripple effect of the potential defaults could cause a scenario where hundreds more community and mid-sized banks face insolvency.
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