Commercial Real Estate Week in Review

Commercial Real Estate Week in Review-June 6-12

-Obama to Congress: Get reform bills reconciled before G-20.

-GE Capital to cut real estate portfolio by 50%.

-Cassidy Turley looking to compete with Jones Lang LaSalle JLL and CB Richard Ellis in commercial real estate.

-JP Morgan JPM to potentially sell $700M+ in CMBS at 50bps higher than RBS RBS did in April.

-Is the financial industry already changing before the regulations take effect?
-Pebblebrook PEB buys Doubletree Bethesda hotel in Maryland for $67.1M.

-Where’s the commercial real estate crash? Is it ever coming?

-Fitch upgrades REIT sector from negative to stable citing better access to capital markets, more liquidity, and economic recovery.

-Heard at REITWeek 2010: US and UK best place for global investors.

-”Recovery is inevitable.”

-Vornado VNO to take stake in LNR as part of restructuring deal?

-Hammerson HMSO purchases Leadenhall Court from Ernst & Young for $96M.

-Congress begins to shape final financial reform bill.

-Tishman Speyer avoids foreclosure on 28 buildings by recapitalizing debt.