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Commercial Real Estate Week in Review

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Commercial Real Estate Week in Review-Week of May 16-22

-Our office neighbor Hersha Hospitality Trust is betting on the New York hotel sector, as they increased their exposure by purchasing a 113-room Holiday Inn.

-Welsh Property Trust and Campus Crest Communities are going public. Their IPO’s are projected at $315.2M, and $385.3M, respectively.

-Have commercial real estate prices in Dubai bottomed out?

-Starwood Capital’s bid for Extended Stay hotels “better” than $905M offer from Centerbridge Partners, and Paulson & Co. Auction set for May 27, 2010.

-Yale professor claims “history is unpredictable.” History already happened. This is why I went to Penn.

-The Las Vegas real estate market continues to suffer as Desert Capital may be forced to shut its doors.

-The Mortgage Bankers Association says the number of commercial mortgages in the first quarter was 12% higher than first quarter last year.

-Clearview Hotel Trust, which is planning to go public with an IPO estimated at $375M, bought 14 hotels from Columbia Sussex.

-BNY Mellon is considering selling their building at 1 Wall St.

-General Growth shakes up managers, plans to emerge from bankruptcy alone.

-Commercial Real Estate First Quarter: Sales up 50%, Prices down 25% from last year.

-Senate passes financial reform bill.

-Japan’s largest property developer is expected to set up a real estate fund later in 2010.

-Want to buy some distressed real estate loans and assets? Wells Fargo and LNR Property Corp. have you covered.

-RioCan adds more US properties to its portfolio, with the help of a US REIT.

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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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