Commercial real estate news | |||
Will Michigans Commercial Real Estate Bargains Spur Buying Frenzy? Commercial real estate has hit low ebb in Michigan, says Bill Melvin, Chief Executive Officer of J.G. Resources in Grand Rapids, Michigan. If out-of-staters could see whats happening here, it would cause a buying frenzy! Commercial Real estate transactions Commercial real estate transactions filed with the Clark County Assessor from Dec. 1-15. The information includes sellers name, buyers name, property location, description, price and closing date. Fed issues new guidelines for commercial real estate loans Last years welcoming trend in commercial real estate financing is expected to continue -- and its come to the attention of federal regulators. As a result, at the end of 2006, The Federal Reserve Board issued guidance designed to identify institutions that might need greater supervisory scrutiny because of their potentially significant commercial real estate (CRE) loan concentrations. While the ... Hypo Real Estate Profit Climbs 29% on Cost Reductions Jan. 30 (Bloomberg) -- Hypo Real Estate Holding AG, Germanys second-biggest commercial property lender, said annual earnings increased 29 percent, more than analysts estimated, as the company reduced costs amid intensifying competition. Hypo Real Estate Profit Climbs 29% on Cost Reductions Jan. 30 (Bloomberg) -- Hypo Real Estate Holding AG, a German commercial property lender, said annual earnings increased 29 percent, more than analysts estimated, as the company cut costs amid intensifying competition. German Stocks Including Hypo Real Estate Fall, Siemens Gains Jan. 30 (Bloomberg) -- German stocks including Hypo Real Estate Holding AG, a commercial property lender, and RWE AG, Germanys second-biggest utility, declined. Siemens AG advanced. Hypo Real Estate Full-Year Pretax Profit Climbs 29% Jan. 30 (Bloomberg) -- Hypo Real Estate Holding AG, a German commercial property lender, said pretax profit rose 29 percent in 2006, beating analysts estimates as the company cut costs amid intensifying competition. Hypo Real Estate Full-Year Pretax Profit Climbs 29% Jan. 30 (Bloomberg) -- Hypo Real Estate Holding AG, a German commercial property lender, said pretax profit rose 29 percent in 2006, beating analysts estimates as the company cut costs mid intensifying competition. COMMERCIAL REAL ESTATE NEWS Meruelo Maddux Properties, a buyer and redeveloper of industrial and residential real estate that focuses on downtown Los Angeles, raised $370 million in an initial stock sale, less than the company had planned. The L.A. developer sold 37 million shares for $10 each, below the $12-to-$14 range Meruelo Maddux had expected. The company sold 37 million shares, less than the 40 million it forecast, ... Hypo Real Estate Proposes Dividend Hike as Pretax Profit Rises Jan. 30 (Bloomberg) -- Hypo Real Estate Holding AG, a German commercial property lender, said it will propose a dividend of 1.50 euros ($1.94) a share after 2006 pretax profit rose 29 percent in 2006. | |||