Property Types Hospitality
Economy Watch: Beige Book Describes Modest Recovery
Oct 22, 2009
The Federal Reserve’s most recent Summary of Commentary on Current Economic Conditions,better known as the Beige Book, wasn’t exactly cheerful about the stateof the U.S. economy toward the end of annus horribilis 2009. But itwasn’t precisely pessimistic either.
Economy Watch: Fannie, Freddie Still Vexed by Mortgage Defaults
Oct 09, 2009
Federal Housing Finance Agency acting director Edward J. DeMarco told
Congress on Thursday that it ain’t over till it’s over when it comes to
the problems caused by U.S. housing mortgage delinquencies. And for
Freddie Mac and Fannie Mae especially, it’s not nearly over.
Economy Watch: Blackstone Takes Amusement Parks
Oct 08, 2009
It seemed like an announcement from the good old days (2006, say):
Blackstone Group L.P. is buying a sizable chunk of real estate. But it
was in fact on Wednesday when the buyout giant told the world that it
was going to spent some $2.7 billion to buy Anheuser-Busch InBev NV’s
amusement parks.
Economy Watch: MGM Cuts Condo Prices
Oct 06, 2009
In an effort to keep buyers from wriggling out of their deals, and as a
simple acknowledgment that the luxury condo market just isn’t what it
used to be, MGM Mirage and its partner Dubai World are slashing prices
for condos at their City Center development in Las Vegas by 30 percent.
Economy Watch: Greenspan Sees Recovery, Except for the Part About Jobs
Oct 05, 2009
Former Fed Chairman Alan Greenspan tossed out two more cents on the
economy on Sunday, estimating that the recovery will be a little more
V-shaped than he previously thought, with 3 percent growth in the
quarter just ended instead of 2.5 percent (and “possibly even higher.”)
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