North American property buyers returned to the London real-estate market with gusto in the first half of 2011, but market watchers warn that interest may not be enough to stop values from falling in some areas.
AXA Real Estate Investment Managers announces that it has raised ¥15 billion (€130 million) at the first close of its Japanese Commercial Real Estate Debt investment vehicle from a Japan-based AXA Group insurance company. …
Bank of America Corp., the nation's largest bank by assets, cut its commercial real – estate exposure to $42.8 billion in the first quarter, down 26% from a year earlier. Other banks shedding such assets include Huntington …
Combined with the large corporate group, the company made $69 billion in non- commercial real estate loans and $7 billion in commercial real estate loans including renewals in the first quarter of 2011. Bank of America …
Several recent indicators suggest an easing of investment capital for real estate transaction. CoStar notes that life insurers have become more active lenders ; new CMBS offerings are hitting the street; syndicators are starting to assemble new … Commercial real estate lending is down 75% from peak levels, but it rebounded in the past 12 months. It was up 88% in the first quarter of 2011 from the first quarter of 2010, according to CoStar Group. …
The institutional part of Li Ka-shing’s Hui Xian REIT, the first yuan-denominated IPO outside mainland China, was almost fully subscribed on the first day of its launch.
A unit of property-investment firm Perennial Real Estate is likely to file a prospectus for a $780.6 million initial public offering soon, in what will be the first of several big-ticket IPOs this year.
Feb. 16 (Bloomberg) — Natascha Gewaltig, chief European economist at Action Economics, says the European Central Bank is likely to raise interest rates in the first half of this year.
Feb. 16 (Bloomberg) — Natascha Gewaltig, chief European economist at Action Economics, says the European Central Bank is likely to raise interest rates in the first half of this year.