The largest real estate deal ever has failed. The question is, what’s next?
On Monday, January 25, 2010 — Tishman Speyer BlackRock, one of America’s largest commercial property owners, threw in the towel.
They sent their $5.3 billion investment in 11,000 apartments in New York back to their bankers – the same way some homeowners are mailing […]

Many said the economy is finally on the rise, after the quake of 2008. Perhaps that’s true in some sectors, but with respect to Commercial Real Estate (CRE), the shock-waves are getting much worse than initially imagined.
To put everything into perspective, in 2009 (a year many said was a horrible year for CRE), only […]

In a WSJ article, When Buildings Empty, Banks’ Credit Woes Pile Up, we find out that the regional banks recent rally, may be short-lived.
As banks start releasing fourth-quarter earnings this week, the losses and reserves tied to commercial real-estate loans could spike even higher than some analysts think. Regional banks could get hit hardest, given […]

Shadow inventory properties are homes that have not been tallied into official inventory numbers tracked by Realtors and other real estate professionals. They include homes taken back by lenders through foreclosures and similar actions, as well as homes whose owners are at least 90 days delinquent on their mortgage payments.
A variety of measures to keep […]

The WSJ just posted a Blog entry today regarding the commercial real-estate sector, The Most Toxic Loans in Commercial Real Estate. The gist of the discussion addresses the pressing reality that not all commercial real-estate loans are created equal.

In Wednesday’s Journal they reported that U.S. banks have been “slow” to take losses on battered commercial […]

A year after Washington rescued the big names of American finance; believe it or not, in spite of the billions committed and the alphabet soup of newly created stimulus programs, it’s still hard to get a loan.

But the problem isn’t just tight-fisted banks, according to the WSJ article, Paralysis in the Debt Markets Is […]

Yesterday Lingling Wei wrote in the Wall Street Journal about a looming crisis in the commercial-mortgage-backed securities market. But there’s another time bomb ticking away in the commercial sector and she exposed it in her Blog today:
U.S. banks are holding more than $1 trillion of mortgages backed by commercial property that is fast losing value. […]

The Long-Term Budget Outlook
Today I  — the Director of the Congressional Budget Office (CBO) — had the opportunity to testify before the Senate Budget Committee about CBO’s most recent analysis of the long-term budget outlook.
Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy […]

So Much Thats False & Nutty_07!08!09

T2 July 3