Category Archives: Finance
Newark to Reassess All Ratables
The Newark, NJ city council is about to authorize $4mm to reassess all properties in the city. It is required by the state that each municipality go through this process every 5 years. It has been 6 years for Newark … Continue reading
Filed under Current Events, Finance, Government
WSJ: Small Banks Face Hits on Commercial Real Estate
I am posting some interesting excerpts from this article in the Wall Street journal yesterday regarding the repercussions of commercial real estate on smaller banks. If you are a WSJ subscriber you can read the full article here. In the … Continue reading
Filed under Current Events, Finance, Real Estate Market
Portfolio Sales go the way of the Dodo
This is a NYC based article however I feel the point applies to all markets. “Remember the portfolio deal? That’s right, the practice of grouping a bunch of buildings together and selling them all at once? Yep, it’s hard to … Continue reading
Filed under Finance, Real Estate Market
There’s funding in them thar hills!!
Who said credit has dried up for commercial real estate? Sure, not a day goes by that there isn’t an article or report published discussing the trouble looming in commercial real estate from maturing debt that can’t be refinanced to … Continue reading
Filed under Finance
Community Bankers Have Funds to Lend
Portfolio lenders are lending. Community bankers that did not get caught up in securitizations and shoddy originations can still lend. They can be far more selective as they have little competition and can make wonderful spreads. It is a great … Continue reading
Filed under Finance
Gov Corzine Shows Support for Pro Development Bills
See Full Article “Gov. Corzine further stated that he is “totally committed” to the urban hub concept . “It is how we rebuild Newark, Camden and our communities,” he said. The RAD bill, “without too much modification, is something I … Continue reading
Filed under Current Events, Development, Finance, Government
The FED releases TALF Details & Timelines
Available today on the Federal Reserve Website is a press release detailing the Term Asset-Backed Securities Loan Facility (TALF). See Fed Release The aim of TALF is to increase the availability of credit to US consumers and business by facilitating … Continue reading
Filed under Finance, Government
Is TALF the silver bullet for Commercial Real Estate?
The Term Asset-Backed Securities Loan Facility or TALF is something everyone in Commercial Real Estate is Holding their breath for. The hope is that TALF will free up the frozen credit markets and make money available once again for financing … Continue reading
Filed under Finance
