FT.com - Basis Capital, one of Australia's biggest hedge fund managers, is in crisis talks with creditors after banks seized and began to sell some of its investments linked to hard-hit US subprime mortgages.
More: continued here
Investor's Business Daily - It shouldn't come as a surprise that woes in the subprime mortgage market have dampened investors' views on the market.
More: continued here
An otherwise very smart real estate attorney once said to a friend "Nobody understands dual agency." It seemed like a weird thing for a lawyer to say at the time but Newsweek has just proven his point.
In a rather remarkable short piece promoting buyer agency in the "Tip Sheet" portion of the July 15 edition, the magazine made the following points...
More: continued here
FT.com - Ben Bernanke acknowledged for the first time on Wednesday that credit concerns were spreading beyond the subprime mortgage market as investors showed their worries with a flight to quality, seeking refuge in government bonds and other safe assets.
More: continued here
| today's focus: commercial real estate Keystone corridor to get ... Indianapolis Star, United States - By Barrett Newkirk A new cluster of condos will soon bring a bit of the South Carolina coast to Indianapolis' Far Northside. Coastal feel: Renaissance Bay ... |
More: continued here
Pulte Homes is taking an airline worthy quantity of charges for the second quarter, an estimated 740 million to 770 million dollars worth of impairment and land related charges. These types of charges to the balance sheet scream that they are preparing to conduct fire sales of their present inventory to get it off the books. [...]
More: continued here
RISMEDIA, July 19, 2007??”This week, the Los Angeles City Council unanimously approved Blvd6200. Located in Hollywood, adjacent to the historic Pantages Theatre, the 1.1 million square foot development will feature a broad-array of community benefits that address numerous goals and objectives of the Community Redevelopment Agency (CRA) and the ...
More: continued here
 Canada.com |
Lear Corp on creditwatch positive after co rejects bid from Icahn ... Forbes, NY - ... after the auto parts company rejected a 5.4 bln usd takeover offer from American Real Estate Partners, LP, which is led by investor Carl Icahn. ... American Real Estate LP Announces Lear AREP Deal not Approved Lear voting totals could affect next Icahn move Vote Total May Shed Light on Lear Future |
More: continued here
CB Richard Ellis has an interesting white paper out on why they expect international commercial real estate to continue to increase in value. The one part that really caught my attention is the rise in petro dollars. While the average consumer see’ the price in a gallon of gasoline, the huge windfalls are being captured [...]
More: continued here
RISMEDIA, July 19, 2007??”When it comes to property tax reform, the Florida Association of Realtors (FAR), the largest trade group in the state with 150,000 members, means business.FAR has pledged up to $1 million to support passage of an amendment to reform Save Our Homes. The amendment, which goes ...
More: continued here