A Fresh Take on CRE

Grubb & Ellis Newswatch 1-12-09

Every day, the Grubb & Ellis research team puts out a great newswatch with all of the latest and most relevant commercial real estate news. Since I find it really interesting, I thought I'd starting passing it on to all of you. Please let me know if you like this, and I'll keep posting!

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Grubb & Ellis Mentions

Globe Street- Bob Bach

Job Numbers Deal Blow to Office Market

Articles of interest

Bloomberg
Broadway Partners Talks With Lenders After Loan Deadline Passes
Capitalism Freezes in Worldwide Winter of Discontent
Citi May Book $10 Billion Gain on Morgan Stanley Deal
Crude Oil Tumbles Below $40 as Demand Drops Faster Than Supply
Deutsche Bank Trading Losses Reveal Industry Setback
Ford May Seek U.S. Help as Economy Imperils Sales
Manhattan Boom Leaves Glam Condos, Sleek New Tully, Green Rail
Nordic Currencies Beaten in Market Slump Lure Goldman
RWE Agrees to Buy Utility Essent for EU9.3 Billion

Crain’s New York Business
Another Retailer Declares Bankruptcy
Citi-Morgan Talks Seen Leading to Wave of Deals
Madison Ave. Caught in a High-End Migraine
Recession Rocks Manhattan Office Market
Retail Turnover at Grand Central

Curbed
City Spends Almost $40 Million on Two Downtown Lots
Fifth Avenue Fire Victim May Finally Get Carted Off

Globe Street
Carlton Rolls Out $300M First Mortgage Facility
Holiday Inn Opens in LIC
IBO: Outlook Gets Grimmer
Multifamily Fundamentals Soften
REIT Stocks Dives Hammer CEO’s Equity

New York Daily News
A Home Run for New York

New York Post
Stuy Town Owner Sued Over Low-Rent ‘Eviction Spree’

New York Times
A Yonkers Project Under Threat
At Least the Agents Are Sold
Blue Marks the Spot for a Law Firm
In New York, No Crisis for Niche Manufacturers
Lowering the ‘Golden Age’
Plans Unveiled for Brooklyn Philharmonic’s Firehouse Home
Rainbow Room’s Lease Terminated
Will Loan Limits Rise?

The Real Deal
Homestead Leaves Home -- for Good
IStar Offering Drake Loan at Steep Discount

Wall Street Journal
A-Rod Cuts Mansion’s Price
Bank of the United States
Citigroup Takes First Step Toward Breakup
Plan to Cut Foreclosure Rate Clears Key Hurdle
Wave of Bankruptcy Filings Expected From Retailers in Wake of Holidays

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