A Fresh Take on CRE

Grubb & Ellis Newswatch 1-13-09

Articles of interest

Associated press
Nov. Trade Deficit Drops to Lowest Level Since ‘03
Obama Seeks Access to Half of Bailout Funds
Stocks Set to Extend Losses Following Trade Report

Bloomberg
Bernanke Urges ‘Strong Measures’ to Stabilize Banks
Brooklyn Apartment, Home Prices Drop 7.5% as Recession Hits
Dubai House Prices Declined 8% in the Fourth Quarter
Hedge Funds Lost $350 Billion in 2008 Amid Global Market Rout
Saab, Volvo Promote Vehicles as GM, Ford Peddle Swedish Units
State Pension Funds’ $865 Billion Loss Means New Hires Get Less

CNN
Bernanke: More Bank Bailouts Needed
The 2009 Economy and Your Wallet
The Case for a Quick Recovery

Globe Street
272,000-SF Office Will Get Makeover
Apartment High-Rise Gets $94M Refi
Gramercy CFO Stepping Down

MSNBC
Small Retailers Struggle In Tough Season

New York Observer
Sublease Bonanza! Who Can Take It?

New York Post
Bonus Pool Is Back
Ciprianis Sue In Food Fight
SL Green’s Dilemma

The Real Deal
Large Bowery Parcel on Market for $40M

Wall Street Journal
Bernanke Says Stimulus Should Be Paired With Other Measures
Giant Bank in Probe Over Ties to Madoff
Hedge Fund Assets Cratered in 2008
Help Wanted: Wall Street Stockbrokers, No Joking
Trade Deficit Narrows Amid Restrained Demand
We’re All Keynesians Again

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