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Do You Know About Mezzanine Debt?
March 30, 2012 By RealEstateInvesting.com
Commercial lending can get complicated, especially when dealing with debt. Check out this article below that will fill you in on a type of loan called “mezzanine” debt. Read all about it below.
Friday, March 30, 2012
CNNMoney: Low-ball appraisal: Mortgage denied
CNNMoney
Low-ball appraisal: Mortgage denied
By Les Christie @CNNMoney March 30, 2012: 5:28 AM ET
NEW YORK (CNNMoney) -- You find the home of your dreams. You're pre-approved for a mortgage. You've scheduled the closing. Then ... the appraisal comes in too low and the deal blows up.
Low-ball appraisal: Mortgage denied
By Les Christie @CNNMoney March 30, 2012: 5:28 AM ET
NEW YORK (CNNMoney) -- You find the home of your dreams. You're pre-approved for a mortgage. You've scheduled the closing. Then ... the appraisal comes in too low and the deal blows up.
Wednesday, March 28, 2012
Bloomberg: Orders for Durable Goods in U.S. Show Sustained Demand: Economy
Bloomberg
Orders for Durable Goods in U.S. Show Sustained Demand: Economy
By Timothy R. Homan - Mar 28, 2012 08:50 AM
Orders placed with U.S. factories for durable goods rose in February for a fourth month in the last five, signaling manufacturing will remain a source of strength for the expansion.
Orders for Durable Goods in U.S. Show Sustained Demand: Economy
By Timothy R. Homan - Mar 28, 2012 08:50 AM
Orders placed with U.S. factories for durable goods rose in February for a fourth month in the last five, signaling manufacturing will remain a source of strength for the expansion.
USA Today: Durable goods orders rise 2.2% in February
Durable goods orders rise 2.2% in February
WASHINGTON (AP) – U.S. companies ordered more long-lasting goods last month, showing businesses are willing to buy equipment and machinery even after an investment tax credit was halved.
WASHINGTON (AP) – U.S. companies ordered more long-lasting goods last month, showing businesses are willing to buy equipment and machinery even after an investment tax credit was halved.
Fortune: Bill Gross says it's time for investors to plan a "Great Escape"
Bill Gross says it's time for investors to plan a "Great Escape"
By Stephen Gandel, senior editor March 28, 2012: 5:00 AM ET
Bond king Bill Gross says it's time to get your portfolio ready for a long-period of lower market returns.
FORTUNE -- Apparently, Bill Gross picks movies as well as investments.
Bond investor Gross, who runs the world's largest mutual fund Pimco Total Return (PTTRX), is known for his quirky letters to investors. In the past he has dispensed love advice (specifically for Europe) and written about why he hates automatic flush toilets. His letter this month, which came out on Tuesday, instead offers movie advice. Gross' big screen pick is The Great Escape.
Tuesday, March 27, 2012
MarketWatch: Bernanke says he is sleeping a little better
MarketWatch
Market Pulse Archives
March 27, 2012, 4:39 p.m. EDT
Bernanke says he is sleeping a little better
By Greg Robb
WASHINGTON (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke said Tuesday that he is sleeping a little better at night because "things are moving in the right direction." In an interview with ABC's Diane Sawyer to air Tuesday night on "World News," Bernanke said the financial system looks stronger. But Bernanke said it is important not to be "complacent." The Fed chairman said gas prices pose only a "moderate" risk to growth. He said the Fed should not change policy too quickly. Bernanke said he was not taking any options off the table. He said the Fed saying that rates would stay exceptionally low until late 2014 was not a guarantee. "If things get a lot stronger or weaker, we'll have to change our plans," he said.
Market Pulse Archives
March 27, 2012, 4:39 p.m. EDT
Bernanke says he is sleeping a little better
By Greg Robb
WASHINGTON (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke said Tuesday that he is sleeping a little better at night because "things are moving in the right direction." In an interview with ABC's Diane Sawyer to air Tuesday night on "World News," Bernanke said the financial system looks stronger. But Bernanke said it is important not to be "complacent." The Fed chairman said gas prices pose only a "moderate" risk to growth. He said the Fed should not change policy too quickly. Bernanke said he was not taking any options off the table. He said the Fed saying that rates would stay exceptionally low until late 2014 was not a guarantee. "If things get a lot stronger or weaker, we'll have to change our plans," he said.
ABC: EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy
ABC News Radio
EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy
(WASHINGTON) -- The U.S. economy is "stronger and more stable" than it was a year ago and the financial stress in Europe is easing, but many challenges remain including adding more jobs for the long-term unemployed and getting the housing market back on track, Federal Reserve Chairman Ben Bernanke said in an ABC News interview Tuesday.
[See the full transcript of Bernanke's exclusive interview with ABC News' Diane Sawyer]
EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy
(WASHINGTON) -- The U.S. economy is "stronger and more stable" than it was a year ago and the financial stress in Europe is easing, but many challenges remain including adding more jobs for the long-term unemployed and getting the housing market back on track, Federal Reserve Chairman Ben Bernanke said in an ABC News interview Tuesday.
[See the full transcript of Bernanke's exclusive interview with ABC News' Diane Sawyer]
Monday, March 26, 2012
CNNMoney: Bernanke: Job gains present economic 'puzzle'
CNNMoney
Bernanke: Job gains present economic 'puzzle'
By Annalyn Censky @CNNMoney March 26, 2012: 10:51 AM ET
WASHINGTON (CNNMoney) -- Stronger job growth has brought "good news" recently, but overall, it remains "out of sync" with the modest growth of the U.S. economy, Federal Reserve Chairman Ben Bernanke said Monday.
Bernanke: Job gains present economic 'puzzle'
By Annalyn Censky @CNNMoney March 26, 2012: 10:51 AM ET
WASHINGTON (CNNMoney) -- Stronger job growth has brought "good news" recently, but overall, it remains "out of sync" with the modest growth of the U.S. economy, Federal Reserve Chairman Ben Bernanke said Monday.
Bloomberg: Pimco’s Gross Says Fed May ‘Hint’ at QE3 at April Meeting
Bloomberg
Pimco’s Gross Says Fed May ‘Hint’ at QE3 at April Meeting
By Wes Goodman - Mar 25, 2012 09:54 PM
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said the Federal Reserve will probably signal it plans to arrange a third round of debt purchases when policy makers meet in April.
Pimco’s Gross Says Fed May ‘Hint’ at QE3 at April Meeting
By Wes Goodman - Mar 25, 2012 09:54 PM
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said the Federal Reserve will probably signal it plans to arrange a third round of debt purchases when policy makers meet in April.
Bloomberg: Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities
Bloomberg
Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities
By Joe Richter - Mar 25, 2012 9:21 PM
Hedge funds wagered the wrong way on commodity prices for a fourth consecutive week, boosting bullish holdings just before reports showing a contraction in manufacturing from China to Europe drove prices lower.
Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities
By Joe Richter - Mar 25, 2012 9:21 PM
Hedge funds wagered the wrong way on commodity prices for a fourth consecutive week, boosting bullish holdings just before reports showing a contraction in manufacturing from China to Europe drove prices lower.
Sunday, March 25, 2012
Bloomberg: China Soft Landing May Be Hard for Commodity Exporters
Bloomberg
China Soft Landing May Be Hard for Commodity Exporters
By Bloomberg News - 2012.03.25 06:41 PM
The good news: China’s government will engineer a soft landing. The bad news: Even a soft landing is painful for industries that have become dependent on the world’s fastest-growing major economy as their main profit engine.
China Soft Landing May Be Hard for Commodity Exporters
By Bloomberg News - 2012.03.25 06:41 PM
The good news: China’s government will engineer a soft landing. The bad news: Even a soft landing is painful for industries that have become dependent on the world’s fastest-growing major economy as their main profit engine.
Bloomberg: Hedge Funds Capitulating Buy Most Stocks Since 2010
Bloomberg
Hedge Funds Capitulating Buy Most Stocks Since 2010
By Nikolaj Gammeltoft and Whitney Kisling - 2012.03.25 03:00 PM
Hedge funds trailing the Standard & Poor’s 500 (SPX) Index for the last five months are giving up on bearish bets and buying stocks at the fastest rate in two years.
Hedge Funds Capitulating Buy Most Stocks Since 2010
By Nikolaj Gammeltoft and Whitney Kisling - 2012.03.25 03:00 PM
Hedge funds trailing the Standard & Poor’s 500 (SPX) Index for the last five months are giving up on bearish bets and buying stocks at the fastest rate in two years.
Thursday, March 22, 2012
Bloomberg: Bernanke Sees Need for Higher Household Spending to Fuel Growth
Bernanke Sees Need for Higher Household Spending to Fuel Growth
By Joshua Zumbrun - 2012.03.22 08:08 PM
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is operating below its level prior to the financial crisis, and that increased household spending is needed to sustain the expansion.
By Joshua Zumbrun - 2012.03.22 08:08 PM
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is operating below its level prior to the financial crisis, and that increased household spending is needed to sustain the expansion.
Bloomberg: U.S. Outlook Optimism at Eight-Year High: Economy
Bloomberg
U.S. Outlook Optimism at Eight-Year High: Economy
By Alex Kowalski and Shobhana Chandra - 2012.03.22 12:11 PM
The number of Americans saying the U.S. economy is getting better rose in March to the highest level since 2004 as a decline in claims for unemployment benefits offered more evidence of a labor-market recovery.
U.S. Outlook Optimism at Eight-Year High: Economy
By Alex Kowalski and Shobhana Chandra - 2012.03.22 12:11 PM
The number of Americans saying the U.S. economy is getting better rose in March to the highest level since 2004 as a decline in claims for unemployment benefits offered more evidence of a labor-market recovery.
Wednesday, March 21, 2012
USA Today: Analysis: More drilling hasn't lowered gasoline prices
USA TODAY
Mar 21, 2012
Analysis: More drilling hasn't lowered gasoline prices
By Michael Winter, USA TODAY
Analyzing 36 years of gasoline prices and U.S. oil production, the Associated Press finds no statistical correlation between how much is pumped out of the ground and how much is paid at the pump.
Mar 21, 2012
Analysis: More drilling hasn't lowered gasoline prices
By Michael Winter, USA TODAY
Analyzing 36 years of gasoline prices and U.S. oil production, the Associated Press finds no statistical correlation between how much is pumped out of the ground and how much is paid at the pump.
USA Today: Existing homes sales dip in February
USA Today
Existing homes sales dip in February
WASHINGTON (AP) – U.S. home sales are gradually coming back. A mild winter and a stronger job market have helped boost sales ahead of the crucial spring buying season.
Existing homes sales dip in February
WASHINGTON (AP) – U.S. home sales are gradually coming back. A mild winter and a stronger job market have helped boost sales ahead of the crucial spring buying season.
CNNMoney: Investors feast on popularity of 'The Hunger Games'
CNNMoney
Investors feast on popularity of 'The Hunger Games'
By Chris Isidore @CNNMoney Markets March 21, 2012: 9:51 AM ET
NEW YORK (CNNMoney) -- Teenagers love "The Hunger Games," a hot trilogy of books about to hit theaters. But the biggest fans may be from an older generation -- investors.
Investors feast on popularity of 'The Hunger Games'
By Chris Isidore @CNNMoney Markets March 21, 2012: 9:51 AM ET
NEW YORK (CNNMoney) -- Teenagers love "The Hunger Games," a hot trilogy of books about to hit theaters. But the biggest fans may be from an older generation -- investors.
CNNMoney: Home buying much cheaper than renting
CNNMoney
Home buying much cheaper than renting
By Les Christie @CNNMoney March 21, 2012: 5:13 PM ET
NEW YORK (CNNMoney) -- It's the eternal question in real estate: Should I buy or rent?
Home buying much cheaper than renting
By Les Christie @CNNMoney March 21, 2012: 5:13 PM ET
NEW YORK (CNNMoney) -- It's the eternal question in real estate: Should I buy or rent?
NYT: Korean Oil Firm Is Part of Group Buying El Paso Assets
NYT
March 21, 2012, 12:24 pm Mergers & Acquisitions
Korean Oil Firm Is Part of Group Buying El Paso Assets
By MICHAEL J. DE LA MERCED
The consortium of firms buying the El Paso Corporation’s exploration and production businesses has grown a little larger and has drawn overseas interest.
March 21, 2012, 12:24 pm Mergers & Acquisitions
Korean Oil Firm Is Part of Group Buying El Paso Assets
By MICHAEL J. DE LA MERCED
The consortium of firms buying the El Paso Corporation’s exploration and production businesses has grown a little larger and has drawn overseas interest.
CNNMoney: The fake housing recovery
CNNMoney
The Buzz
The fake housing recovery
By Paul R. La Monica @lamonicabuzz March 20, 2012: 12:40 PM ET
NEW YORK (CNNMoney) -- When is a homebuilder not a homebuilder? When it's in an index of homebuilder stocks, of course!
The Buzz
The fake housing recovery
By Paul R. La Monica @lamonicabuzz March 20, 2012: 12:40 PM ET
 |
| An ETF of home builder stocks is trouncing the broader market. But that may not necessarily mean housing has bottomed. Many of the stocks in the ETF are NOT builders. |
NEW YORK (CNNMoney) -- When is a homebuilder not a homebuilder? When it's in an index of homebuilder stocks, of course!
Tuesday, March 20, 2012
Apartment Nation: Trend to Multi-Family Housing Continues
Real Estate
Apartment Nation: Trend to Multi-Family Housing Continues
By Peter Coy
March 20, 2012
The U.S. is a long way from Germany, where only 42 percent of families are homeowners. But construction of multi-family units is growing faster than construction of single-family homes—a trend confirmed today by the Census Bureau’s monthly report on residential construction.
http://www.businessweek.com/articles/2012-03-20/apartment-nation-trend-to-multi-family-housing-continues
Apartment Nation: Trend to Multi-Family Housing Continues
By Peter Coy
March 20, 2012
The U.S. is a long way from Germany, where only 42 percent of families are homeowners. But construction of multi-family units is growing faster than construction of single-family homes—a trend confirmed today by the Census Bureau’s monthly report on residential construction.
http://www.businessweek.com/articles/2012-03-20/apartment-nation-trend-to-multi-family-housing-continues
USA Today: Housing starts drop in February, but building permits rise
USA Today
Housing starts drop in February, but building permits rise
By Derek Kravitz, Associated Press
WASHINGTON – U.S. builders are betting that the housing market is finally on the path back to health.
Housing starts drop in February, but building permits rise
By Derek Kravitz, Associated Press
WASHINGTON – U.S. builders are betting that the housing market is finally on the path back to health.
Fortune: The one number to watch for a housing recovery
FORTUNE
The one number to watch for a housing recovery
By Nin-Hai Tseng, Writer March 20, 2012: 5:00 AM ET
If you're waiting for home prices to go up, then you're missing signs the troubled housing market has finally turned around.
The one number to watch for a housing recovery
By Nin-Hai Tseng, Writer March 20, 2012: 5:00 AM ET
If you're waiting for home prices to go up, then you're missing signs the troubled housing market has finally turned around.
Friday, March 16, 2012
Copper Mining in Chile
Copper Mining in Chile
Katarzyna Staniewska / Chile
For many a century, mining – and especially copper mining – has played an important part in the Chilean economy. Chile’s copper mines are mostly situated in the Atacama Desert. As of now, they experience a boom due to the ever-increasing demand on copper worldwide. But while the mines of today are still expanding, in future decades copper recycling and substitution will make necessary a re-orientation of the Chilean economy.
Katarzyna Staniewska / Chile
For many a century, mining – and especially copper mining – has played an important part in the Chilean economy. Chile’s copper mines are mostly situated in the Atacama Desert. As of now, they experience a boom due to the ever-increasing demand on copper worldwide. But while the mines of today are still expanding, in future decades copper recycling and substitution will make necessary a re-orientation of the Chilean economy.
Thursday, March 15, 2012
CNNMoney: Foreclosures fall, but there's a 'rising tide' ahead
CNNMoney
Foreclosures fall, but there's a 'rising tide' ahead
By Les Christie @CNNMoney March 15, 2012: 9:07 AM ET
NEW YORK (CNNMoney) -- The number of homes entering foreclosure dropped in February, but a new up-turn may soon be on its way.
Foreclosures fall, but there's a 'rising tide' ahead
By Les Christie @CNNMoney March 15, 2012: 9:07 AM ET
NEW YORK (CNNMoney) -- The number of homes entering foreclosure dropped in February, but a new up-turn may soon be on its way.
Wednesday, March 14, 2012
U.S. solar and wind industries expand
USA TODAY
U.S. solar and wind industries expand
By Wendy Koch, USA TODAY
Despite last year's bankruptcies of several solar manufacturers, including government-backed Solyndra, the U.S. solar and wind industries continue to expand in the face of obstacles this year.
U.S. solar and wind industries expand
By Wendy Koch, USA TODAY
Despite last year's bankruptcies of several solar manufacturers, including government-backed Solyndra, the U.S. solar and wind industries continue to expand in the face of obstacles this year.
Thursday, March 8, 2012
Pacific Telephone Building Scraps Plans For Condos, Moves On To Office Space
http://sf.curbed.com/archives/2012/03/08/pacific_telephone_building_scraps_plans_for_condos_moves_on_to_office_space.php
Pacific Telephone Building Scraps Plans For Condos, Moves On To Office Space
Thursday, March 8, 2012, by Alex Bevk
Back in 2007, developers Wilson Meany Sullivan (of Ferry Building and One Powell fame) acquired the Timothy Pfleuger art deco skycraper at 140 New Montgomery Street. Known as the Pacific Telephone & Telegraph Building, the tower was one of the tallest skyscrapers on the West Coast at the time it was constructed in 1925. The developers had grand plans to renovate the building into luxury condos, and even got through the permitting and entitlements labyrinth in 2008. Unfortunately for them, the plans were hatched right before the recession, and the loss of funding cause the project to stall out for the past four years.
Pacific Telephone Building Scraps Plans For Condos, Moves On To Office Space
Thursday, March 8, 2012, by Alex Bevk
Back in 2007, developers Wilson Meany Sullivan (of Ferry Building and One Powell fame) acquired the Timothy Pfleuger art deco skycraper at 140 New Montgomery Street. Known as the Pacific Telephone & Telegraph Building, the tower was one of the tallest skyscrapers on the West Coast at the time it was constructed in 1925. The developers had grand plans to renovate the building into luxury condos, and even got through the permitting and entitlements labyrinth in 2008. Unfortunately for them, the plans were hatched right before the recession, and the loss of funding cause the project to stall out for the past four years.
140 New Montgomery: The More Things Change...
http://www.socketsite.com/archives/2012/03/140_new_montgomery_the_more_things_change.html
140 New Montgomery: The More Things Change...
Five years ago Wilson Meany Sullivan purchased the 26-story Pacific Telephone Building at 140 New Montgomery for $345 a square foot with plans to spend an additional $500 a square foot converting it from an office building to a five-star hotel and condominium tower, with a spa, restaurant and bar.
140 New Montgomery: The More Things Change...
Five years ago Wilson Meany Sullivan purchased the 26-story Pacific Telephone Building at 140 New Montgomery for $345 a square foot with plans to spend an additional $500 a square foot converting it from an office building to a five-star hotel and condominium tower, with a spa, restaurant and bar.
Tuesday, March 6, 2012
Bloomberg: Euro-Region Economy Shrank in Fourth Quarter as Investment, Exports Fell
Bloomberg
Euro-Region Economy Shrank in Fourth Quarter as Investment, Exports Fell
By Gabi Thesing - 2012.03.06 03:03 AM
Europe’s economy contracted in the fourth quarter as investment declined by the most since 2009 and exports and consumer spending dropped.
Euro-Region Economy Shrank in Fourth Quarter as Investment, Exports Fell
By Gabi Thesing - 2012.03.06 03:03 AM
Europe’s economy contracted in the fourth quarter as investment declined by the most since 2009 and exports and consumer spending dropped.
Monday, March 5, 2012
USA Today: Survey finds uptick in economic optimism
USA Today
Survey finds uptick in economic optimism
By Christopher S. Rugaber, The Associated Press
The U.S. economy is improving faster than economists had expected. They now foresee slightly stronger growth and hiring than they did two months earlier.
Survey finds uptick in economic optimism
By Christopher S. Rugaber, The Associated Press
The U.S. economy is improving faster than economists had expected. They now foresee slightly stronger growth and hiring than they did two months earlier.
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