Like moths to a flame, investors these days are forming around what some believe could be the biggest distressed debt sales market since the days of the U.S. savings and loan crisis, according to a recent Ernst & Young survey.
Like moths to a flame, investors these days are forming around what some believe could be the biggest distressed debt sales market since the days of the U.S. savings and loan crisis, according to a recent Ernst & Young survey.
California Gov. Arnold Schwarzenegger signed green legislation over the weekend, as covered by CPE on Monday, but also nestled in the raft of bills that he signed were major overhauls of the rules governing residential mortgages. The thrust of the reforms was to help prevent some of the mortgage origination abuses that were rampant in the mid-2000s, and which did their part to inflate the housing bubble.
Q: We’re refurbishing an existing building. What are the most important technological considerations today? A: Whether you’re involved in a new development or upgrading an existing structure, several issues arise.
Odds are your company recently launched its second- or third-generation Web site, or is in the process of gearing up to do it. As the Internet enters adulthood, the time is now to apply lessons learned, leverage new technology and continue to evolve your company’s online brand and marketing presence.
Florida-based commercial and residential property developer and managerTobin Properties stands as a compelling example of how a centralized,integrated property management and accounting database can streamlinefinancial reporting and simplify key property management activities.
New York’s loss is New Jersey’s gain, as the Depository Trust & Clearing Corporation reveals plans to relocate 1,600 members of its 2,300-member staff to 415,000 square feet of space at the Newport Office Center in Jersey City. It’s not a total defeat for New York, however; DTCC will keep its headquarters and its remaining 700 employees in Lower Manhattan.
Given that the U.S. recession has left the retail market in shambles and the global financial meltdown has hindered trade activity, demand for distribution and warehouse facilities has taken a major hit, so the big news out of Charleston’s industrial market is something that is heard of quite infrequently these days. Rockefeller Group Development Corp. and MeadWestvaco Corp., developers of the 400-acre Rockefeller Group Foreign Trade Zone/Charleston industrial park in Berkeley County, S.C., have just landed a 1.1 million square-foot build-to-suit deal with automotive replacement tires marketer TBC Corp.
The multifamily market has not escaped the ravages of the economic downturn, but investors are bullish on the commercial real estate sector for 2010. According to Jones Lang LaSalle’s 2010 Multifamily Forecast Survey, 90 percent of the 200 owners and operators surveyed plan to boost their activity in the sector next year, compared to the 68 percent of respondents who had such plans last year.
As companies continue to grapple with the industry-wide downturn, they are increasingly looking to make their corporate real estate departments operate as efficiently as possible, according to a new report by CB Richard Ellis Inc. and CoreNet Global.