Capital Markets | GlobeSt.com

Special Servicing Units Look Like Good Buys

NEW YORK CITY-Island Capital’s acquisition of Centerline’s special servicing arm follows in a string of deals that separate the units from more problematic businesses.

• Hard-Money Lenders Capitalize on Distress

• Fairholme, Pershing Pledge $4B to Renew GGP

• Germany’s $119B Fund System Wants Law Change

• Hotel in Mixed Project Wins $21M Financing

• View All Capital Markets News

FEATURES
LNR Dealing With Its Own Distress The company’s possible bankruptcy may have far reaching implication for commercial real estate.	NAR Offers GSE Proposal as Treasury Dithers WASHINGTON, DC—Even as their long-term structure is unclear, the GSEs are pushing forward with their goals for housing and multifamily finance support.	View the week's top Capital Markets stories GlobeSt.WEEK

EXPERT OPINIONS

Deloitte’s Larry Varellas

'A private letter ruling from the IRS found that a gas pipeline transmission system might constitute real estate that could...

Holliday Fenoglio Fowler's Chris Vittetoe

'In the last 30 days we’ve seen life companies come back into the market at reasonable pricing.'

Mission Capital Advisors' William David Tobin

'The rules, whether written or unwritten by which regulators are playing have been clarified since last year. That has helped...

DEAL FOCUS

Taubman Writes Down Value of Two Properties
BLOOMFIELD HILLS, MI-The REIT will experience a reduction in earnings around $169 million, after writing down properties in New Jersey and Virginia to fair value.

DEVELOPMENT

• PILOT Note Moves $108M Development Forward
• State Red After Ex-Con Awarded Dev Incentives
• Construction Begins on Three GATE Buildings

LEASING

• Columbia Opens New Store on Magnificent Mile
• Grubb & Ellis, Cresa Expand in Bay Area
• Merin: Flight to Safety in Scary Times

SALES

• DePaul Puts Satellite in O’Hare Office Park
• Downtown Office Tower Signs New Leases, Renewals
• Echelon Launches Multifamily Management Firm

AROUND THE NATION

Wyndham Reflags Three China Hotels
SHANGHAI-The company now has 207 properties in the country, with more than 33,000 rooms.

HEADLINES

• Real Estate Forum:
What's It Really Worth?
• Arbiters Rule Against WTC Rent Relief
• Stable MF Vacancy Persists in Hudson County

SECTOR WATCH

GlobeSt.TV: Foreign Investors Eye US Assets
NEW YORK CITY-James Fetgatter, chief executive of AFIRE, speaks with Real Estate Forum’s Danielle Douglas, about foreign interest in US real estate.

INDUSTRIAL

• Logistics Firm Buys 198,000 SF Via Green Financing
• M3 To Join CBRE, Reports Say
• Appeal Court Backs Coeur Defense Creditors

MULTIFAMILY

• Founders Firm Starts Out with $10M-$50M Deals
• Merin: Flight to Safety in Scary Times
• Now Is the Time to Get Back in the Game

OFFICE

• SEB Buys Local Office for $128M
• Hanover Rejuvenates $563M Redevelopment
• First Chicago To Reduce Real Estate Lending

RETAIL

• IRI Eyes $35M in Education, Other Purchases
• Equity One Raises Nearly $88M in Stock Sale
• Simon Planning New GGP Bid

HOTEL

• Starwood To Pull Extended Stay From Bankruptcy
• Susquehanna Bank to Repay TARP Funds?
• Agency Okays Pilot Program to Clear AC Blight

NET LEASE

• Experts: What a Difference a Year Makes
• FDIC Panel Drawing Attendees Nationwide
• ARC Properties Reveals New REIT ARCTrust

COMMUNITY

FirstService Williams' Jaccom

Mark Jaccom, CEO of the New York City-based firm, not only agrees this now is an opportune moment to bring in fresh talent, but has backed up his view.

CALENDAR OF EVENTS

FEATURED EVENTS

RealShare Washington D.C. 2010

March 23, 2010
RealShare Conference Series

Post Your Event Post Your Event View 2010 Calendar

DIRECTORIES

Marketing & Business Development Guide

Real Estate Forum - February/March 2009

Hotel Services Resource Guide

Real Estate Forum - January 2008

Professional Real Estate Services Resource Guide

Real Estate Forum - December 2008

FEATURED WEBINAR

Hotel Sales Poised for Uptick
Sponsored By: HREC Investment Advisors

Date: Tuesday, March 30, 2010, 12:30 PM EST
As the economy recovers, common wisdom says that hotels will also be the first commercial real estate sector to revitalize. But how different will the lodging landscape look as we move into a new investment era? Join a panel of the industry's brightest minds in hotel investment, trends and operations as they map the road back to recovery.
Available Now Cost: $59 Register Here >

Recruit Commentary Sign up for Alert

Net Lease Forum

Year of the Tiger for Net Lease Investments

David Sobelman: Those who thrive on chance and unpredictability are best suited to navigate 2010 upheaval.

RealShare DISPATCH

Now Is the Time to Get Back in the Game

LOS ANGELES-Experts at Real Estate 2010 say that values are starting to recover, and if you aren’t getting back in the game, your business model should be questioned.

HOT TOPICS

Video of the Week

GlobeSt.TV: Foreign Investors Eye US Assets

NEW YORK CITY-James Fetgatter, chief executive of AFIRE, speaks with Real Estate Forum’s Danielle Douglas, about foreign interest in US real estate.

Should Industry Watch Govt.?

'We are big believers in monitoring policy decisions that impact our organization as well as our client partners.'

Video of the Week

GlobeSt.TV: Tenants Still Want Concessions

NEW YORK CITY-CBRE’s tri-state chairman Bob Alexander sits down with John Salustri to discuss the market, politics and the near term.