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MIAMI-CREFC thinks that TRX.II, a synthetic total return swap, has the potential to be a critical piece of the CMBS market, said moderator Brian Lancaster of the Royal Bank of Scotland.
Miami-Tuesday morning at the CREFC January Conference, a panel took on the topic of who’s lending in the current environment. As it turns out, most predict that lending will continue despite the many uncertainties that 2012 holds, though caution prevails.
MIAMI-As 1,300 attendees gather for the CRE Finance Council January Conference, association CEO Stephen Renna tells GlobeSt.com’s Carl Gaines that one advantage in the year ahead is that players “know what the headwinds are and they’re adapting to them.”
NEW YORK CITY-After the dazzling high of $3.3 billion seen in 2007, revenues from property transfer taxes fell precipitously. With commercial sales picking up, the New York City Independent Budget Office predicts slight improvements ahead.
NEW YORK CITY-French will leave Sperry Van Ness, along with a group of associates, to become the senior director of Marcus & Millichap’s National Retail Group.
NEW YORK CITY-Readers take a dim view of President Barack Obama’s Better Buildings Initiative, announced in February 2011. This, on the heels of a December announcement detailing $4 billion in federal and private sector money to invest toward energy upgrades for public and private buildings.
NEW YORK CITY-Many in the New York CRE industry and local government think that plans for a re-envisioned Javits Center and Queens convention space are spot on. REBNY’s Steven Spinola agrees, and tells GlobeSt.com’s Carl Gaines that among the bonuses is the “tremendous opportunity” the plan creates for the far West Side.
NEW YORK CITY-The governor’s State of the State address contained plans to tear down the Javits Center, redeveloping the site into a mixed-use development. In turn, the nation’s largest convention center would go up in Queens.
NEW YORK CITY-Rosen Partners will partner with the privately owned Russian investment conglomerate to target $100 million plus properties along the east coast, Rosen Partners’ managing director Daniel Rosen tells GlobeSt.com’s Carl Gaines.