Commercial Real Estate Week in Review

65811419 300x200 Commercial Real Estate Week in Review

 

Commercial Real Estate Week in Review: October 29th through November 4

-Stock Market volatility continues, with Greece making everybody very, very nervous.

- Fed offers gloomy forecast, predicting limited economic and job growth for years.

- Texas-based REIT FelCor (NYSE: FCH) sells off major assets, refinances others.

- Marty Cohen of Cohen and Steers recommends retail and apartment REITS over other commercial investments.

- Kenya's Capital Markets Authority nears completion of regulations allowing for REIT involvement.

- Washington Real Estate Investment Trust completes $350 million industrial portfolio sale to AREA Property Partners and Adler Group.

-Moody's says the Super Committee won't be the only factor in the agency's rating of the U.S.

-Vertex Pharmaceuticals (NASDAQ: VRTX)'s planned move is excellent news for Boston's waterfront.

-Interstate Hotels and Resorts acquires division of Nobel Investment Group.

-Industry council in Japan plans new standards to revive its CMBS market.

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