Market Overview

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 (NYSE: JLL) and CB Richard Ellis in commercial real estate.

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

-Is the financial industry already changing before the regulations take effect?
-Pebblebrook (NYSE: 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 (NYSE: VNO) to take stake in LNR as part of restructuring deal?

-Hammerson (LON: 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.

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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