Commercial Real Estate Week in Review-June 13-19
-Interested in a long term investment? It may be the time to get into REITs.
-Sunway REIT on track for $522MM IPO.
-Kimco Realty KIM and Big Shopping Centers BIG enter into a joint venture to purchase $422MM retail portfolio.
-Morningstar MORN: Commercial Real Estate market picking up.
-Is real estate a formidable liability to Chinese banks?
-Starwood to continue pursuit of Extended Stay even after losing the auction for the company in May.
-Health Care REIT to issue $129MM in debt due in 2029.
-Commercial Real Estate prices not to come within 40% of 2007 peak prices for a long time according to PIMCO.
-REITs struggle in May possibly due to Greek debt crisis.
-Fitch, Moody’s and Standard & Poor’s all raise outlook on REITs.
-NYSE may delist Fannie and Freddie.
-HSBC HBC predicts Asian REIT IPOs to increase in next 3 to 4 years.
-91 banks failed to meet their required May 17 dividend TARP payment.
-Vornado VON makes a bid to acquire CW Financial Services.
-Is the corporate debt coming due going to be a problem for investors?
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