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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: commercial real estate

commercial real estate stories: 16 news summaries

Post for Sarko Son Sparks
Howls of Protest

Law student tapped to run huge, lucrative business district

Oct 13, 09 4:32 AM CDT
(Newser) - It's not every day that a 23-year-old law student is tapped to manage the largest office park in Europe, but when you are Jean Sarkozy, anything's possible. The son of the French president, who already has a local government post, has the ruling party's official backing to run La Dé... More »

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Nicolas Sarkozy • France • Paris • nepotism • Jean Sarkozy • commercial real estate

Commercial Real Estate May Set Off 2nd Crisis

Another mortgage-backed securities market gets into trouble

Aug 31, 09 7:27 AM CDT
(Newser) - Just as the economy starts to recover, a second mortgage disaster may be looming. The commercial real estate sector is tanking, with many properties unable to generate enough cash to make mortgage payments. Lo and behold, those commercial mortgages have been sewn into securities—comparable to the packages of home... More »

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mortgage • debt • mortgage debt • mortgage backed securities • commercial real estate • financial crisis

(Newser) - Small and midsize banks across America could face $100 billion in losses from commercial real-estate loans next year, shrinking their capital in most cases to scary lows. The Wall Street Journal conducted worst-case-scenario stress tests on 900 banks and found crises looming far beyond Wall Street. Small and midsize banks... More »

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credit crisis • commercial real estate • banks • stress tests

(Newser) - New England’s tallest building has a new owner today, the Boston Herald reports—and the John Hancock Tower proved a steal, going at foreclosure auction for about half what it sold for in 2006. A pair of firms bid $660.6 million for the 60-story building in Boston’s... More »

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Boston • foreclosure • auction • mortgage defaults • commercial real estate • John Hancock Tower • landmark

(Newser) - Commercial real-estate borrowers are defaulting on their loans at an ever-faster pace, and experts now believe the crisis could match or exceed the early-1990s slump, the Wall Street Journal reports. That catastrophe killed off 1,000 banks and savings institutions, with lenders taking $48.5 billion in charges. This... More »

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bankruptcy • recession • mortgage backed securities • commercial real estate • mortgage delinquency • financial crisis

Credit Freeze Hits High Fliers of Commercial Real Estate

Slowdown plus tough credit slams office market

Feb 4, 09 11:20 AM CST
(Newser) - When the commercial real estate market was hot, the sky seemed to be the limit, and increasingly complicated financing arrangements were common. Now the combination of economic crisis and credit freeze has exposed the market's precarious underpinnings, which resemble the pitfalls that brought the residential real estate sector to its... More »

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office buildings • recession • credit crisis • commercial real estate • financial crisis

OBITUARY

Real-Estate Pioneer Crow Dead at 94

Turned single Dallas warehouse into international empire

Jan 16, 09 5:41 PM CST
(Newser) - Visionary real-estate developer Trammell Crow, who pioneered strategies that helped him become one of the world’s largest landlords, has died, the Dallas Morning News reports. He was 94 and suffered from Alzheimer’s disease. Crow, who helped popularize the concept of building on spec—erecting structures before they were... More »

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real estate • Dallas • obituary • real estate development • commercial real estate • Trammell Crow

 As Bills Loom, 
 Developers 
 Cry Bailout 

Some $530B in commercial mortgages will need refinancing—and credit is tight

Dec 22, 08 9:40 AM CST
(Newser) - Developers worried about the health of the commercial real estate market want a piece of the bailout action, the Wall Street Journal reports. They say $530 billion in commercial mortgages will be up for refinancing in the next 3 years, but credit “simply is not available.” Without government... More »

MORE ABOUT:
real estate development • mortgage backed securities • commercial real estate • financial crisis • commercial mortgage

 Cash-Poor NYT 
 Seeks $225M Deal 
 for Building 



Tight credit market, falling profits hurt paper

Dec 8, 08 8:16 AM CST
(Newser) - Facing declining profits and tight credit, the New York Times is looking to raise $225 million by borrowing against the 58% share the company holds in its new Renzo Piano-designed skyscraper in Times Square, the paper reports. The Times hopes to either take out a mortgage on the 52-story building... More »

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New York Times • mortgage • credit crisis • Renzo Piano • commercial real estate • financial crisis • newspaper industry

Overbuilding Leaves Malls Under-Occupied

Retail space glut likely to well outlast current economic slowdown

Sep 10, 08 10:15 AM CDT
(Newser) - A decade of rapid expansion by developers and an increase in store closings has created a glut of space in malls that could persist for years, the Wall Street Journal reports. “There were a lot of projects that shouldn't have been built” during the past decade, the CEO of... More »

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Home Depot • mall • retailing • commercial real estate • DeBartolo Development

Chicago Transit Explores Groceries in Train Stations

Agency hopes to reap $100M over 5 years with new developments

Jul 17, 08 2:00 PM CDT
(Newser) - The Chicago Transit Authority is looking make more money from the real estate it owns, and is investigating installing grocery stores and restaurants inside “L” (elevated train) stations, the Tribune reports—with the agency hoping to generate $100 million over the next 5 years from such commercial development. "... More »

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retail • real estate • subway • real estate development • commercial real estate • Chicago Midway Airport • Chicago Transit Authority

Commercial
Real Estate Will Slow, Not Tank

Malls, offices won't be hit nearly as hard as housing, experts say

Mar 10, 08 9:18 AM CDT
(Newser) - The commercial real estate market has slowed dramatically, but won’t rival the housing implosion, reports the Wall Street Journal. Prices will likely fall just 20%, compared with 40%-plus for homes in some markets, and commercial property owners—unlike record numbers of homeowners facing foreclosure—have largely been able to... More »

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foreclosure • recession • US economy • credit crisis • mall • real estate values • housing crisis • commercial real estate

Goldman Analysts Warn of Next Crisis

Commercial real estate outlook even worse than subprime situation

Mar 3, 08 4:10 PM CST
(Newser) - Commercial real estate could be the next victim of the current economic downturn, and if it is, expect it to cause another full-fledged crisis, the Wall Street Journal reports. Commercial real estate values could fall as much as 26% over the next 2 years, Goldman Sachs analysts predict, leading to... More »

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real estate • Citigroup • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • mortgage backed securities • real estate values • commercial real estate • JPMorgan Chase

Credit Crunch May Worsen Fast

Plunging corporate loans could spell
more trouble

Feb 11, 08 2:45 PM CST
(Newser) - The worst of the credit crunch may not be over, bankers and analysts warn. Low-rated corporate loans have recently been plunging in value, which could lead to banks rushing to dump the loans at low prices, reports the Wall Street Journal. As a result, investors may back off securities backed... More »

MORE ABOUT:
credit crisis • commercial real estate

Commercial Properties Squeezed

Owners of malls and office buildings
are starting to feel the subprime pinch

Dec 26, 07 8:05 AM CST
(Newser) - Add the once-solid commercial real estate market to the list of sectors felled by the subprime mortgage contagion, as owners of malls, apartment complexes and office buildings have seen financing disappear, prices plunge and the pace of sales dwindle 50%, reports the Wall Street Journal. Lenders, burned by the... More »

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subprime mortgages • office buildings • commercial paper • real estate values • commercial real estate

Singapore Blossoms into Major City

Stern Asian capital set to emerge as a tourist haven filled with casinos, hotels, and amusement parks

May 27, 07 8:00 AM CDT
(Newser) - Singapore is transforming itself from a dull metropolis famous for its draconian cleanliness into an exciting, vibrant, tourists' paradise, Time reports. Plans are percolating for casinos, skyscrapers, amusement parks, and a multi-billion dollar residential and commercial real estate development located downtown. More »

MORE ABOUT:
China • immigration • tourism • modernization • population • Singapore • birth rate • commercial real estate

16 Stories


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