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.
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