Commercial Real Estate Week in Review
Commercial Real Estate Week in Review-Week of May 30-June 5
-China paralyzes real estate market in a potentially overzealous attempt at stopping a real estate bubble.
-Is Equity One (NYSE: EQY)’s acquisition of Capital and Counties USA a sign of recovery?
-Durst vs. Related for right to buy into One World Trade Center.
-Mezzanine loans making a slow comeback into the commercial real estate market.
-Thor Equities outbids Vornado (NYSE: VNO) and SL Green (NYSE: SLG) for Takashimaya Building, in good position to purchase the building.
-Calloway REIT (TSE: CWT.UN) plans to issue $95M in 5-year bonds.
-A recent survey shows investors turning to property and equities, shying away from derivatives.
-The Oracle of Omaha defends Moody’s (NYSE: MCO) at Financial Crisis Inquiry Commission.
-Is strategic default a viable last resort for property owners?
-Lehman sells management contracts on real estate funds to former managers.
-Jones Lang LaSalle (NYSE: JLL): Hotels can be used collateralizing CMBS again.
-Correction on Welsh Property Trust IPO: almost 21M shares at $16.50.
-Starwood Capital purchases minority stake in Hersha Hospitality Management.
-Is an interest rate increase on the horizon?
-Carlyle is the current frontrunner to acquire $1.03B worth of White Tower CMBS assets.
