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Breaking News
Economy Watch: Capmark Files for Bankruptcy
Oct 26, 2009
Major commercial real estate lender Capmark Financial Group Inc. and
various subsidiaries have filed for Chapter 11 bankruptcy, which last
month the company had warned was coming. The move will allow the
Capmark to reorganize and, very likely, delay selling off some of its
$20 billion-plus in assets at less-than-desirable prices.
Organization Launches $4B Green Initiative for Affordable Housing
Oct 26, 2009
The green movement in commercial real estate has caught on like
wildfire and even with the recession having left most clutching their
pocketbooks, it continues to spread. Now Columbia, Md.-based Enterprise
Community Investment Inc. plans to take the trend to new heights with
the kicking off its $4 billion Green Communities initiative, which is
designed to propel the greening of affordable housing development
across the country.
Economy Watch - Homebuyer Tax Credit Sees Some Cheating
Oct 23, 2009
In testimony reminiscent of dogs getting credit-card applications
approved back during the mid-2000s credit bubble, a Treasury Department
inspector told Congress that kids as young as four years old have been
able to receive $8,000 first-time homebuyer tax credits. “Some key
controls were missing to prevent an individual from erroneously or
fraudulently claiming the credit,” J. Russell George told the House
Ways and Means Committee’s oversight panel on Thursday.
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$135M Financing Secured for 1MSF Yonkers Shopping Center
Oct 23, 2009
It's almost like the good old days of 2007 when loans over $100 million
for commercial real estate practically rained from the sky. Undeniably,
those times have not returned, but news that Brooks Shopping Center
L.L.C., owner of the 1 million square-foot Cross County Shopping Center
in Yonkers, N.Y., has gotten its hands on a $135 million first mortgage
to finance the property's redevelopment certainly brings back good
memories.
Fitch: CRE Losses to Increase into Next Year
Oct 22, 2009
Good news in the commercial real estate world seems to be in short
supply these days. In a study released earlier this week by Fitch
Ratings, they’re indicating that losses will increase this year and
next for the U.S. CMBS.
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Buildings' Weak Link: Energy Conservation Through Windows
Jun 03, 2009
When it comes to saving energy, windows constitute the weak link for buildings. Despite heavily insulated walls and ceilings and the popularity of low-e glass, 25 to 35 percent of the energy used in buildings and homes is wasted due to inefficient glass. In fact, it should come as no surprise that glass is responsible for greater than 10 percent of the total carbon emissions in the United States annually and is a major contributor to global warming.
Letter from the Editor
A Sense of Responsibility
May 01, 2009
By its very nature, commercial real estate is an opportunistic business. So it is really not surprising that a growing number of U.S. investors are forming funds, positioning themselves so that as soon as they perceive a bottom to the market, they can buy. And the funds are sizable: At press time, for instance, Rockwood Capital L.L.C. had just closed an investment fund at $964 million.
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