_Economy and Finance

Canada's Harvest drilling finds 5.9 mln bbls oil reserve - KNOC SEOUL, Sept 29 | Sun Sep 29, 2013 5:33am EDT (Reuters) - State-run Korea National Oil Corp (KNOC) said on Sunday its loss-making subsidiary Harvest Operations had found at least 5.9 million barrels of crude oil in a Canadian well where it began drilling earlier this month. http://www.reuters.com/article/2013/09/29/knoc-korea-canada-idUSL4N0HP07A20130929

Commodity supercycle is ‘alive and well’: McKinsey & Co. September 26, 2013, 12:16 PM Recent declines in commodity prices have raised the idea that the so-called commodity supercycle is over, but not everyone believes that. http://blogs.marketwatch.com/thetell/2013/09/26/commodity-supercycle-is-alive-and-well-mckinsey-co/

Commerzbank Corporates & Markets Interest Rate Strategy Italy: Political high-wire act Italy: Political jitters stage a stunning comeback. BTPs underperformance may prevail also in the sessions ahead. https://research.commerzbank.com

UPDATE 1-S.Korea's KNOC says eyeing sale of parts of Canadian unit Harvest Tue Sep 24, 2013 4:37am EDT * A few buyers showed interest in some assets of Harvest * KNOC re-evaluating overseas assets including UK-based Dana * Could sell parts of overseas assets to reinforce business By Meeyoung Cho SEOUL, Sept 24 (Reuters) - State-run Korea National Oil Corporation (KNOC) said it is considering selling 'non-core parts' of its loss-making Canadian energy subsidiary Harvest Operations and reviewing other overseas assets for potential sale of some of their parts. http://www.reuters.com/article/2013/09/24/knoc-korea-harvest-idUSL4N0HK16720130924

http://wealthmanagement.com/viewpoints/identifying-top-tier-real-estate-investment-manager Identifying a Top Tier Real Estate Investment Manager Sep. 24, 2013 Michael Episcope There was probably no asset class hit harder than real estate during the economic crisis of 2008 and 2009, and many investors swore never to return again. After double digit returns for 3 years in a row and counting, those investors are seriously regretting this decision.

http://www.colliers.com/en-us/sanfrancisco/insights/research September 2013 | SF Research Weekly - Tenants in the Market (190.02 KB) Tenants in the technology related sector continue to dominate overall tenant demand, with requirements totaling over 1.5 million square feet. http://www.colliers.com/en-us/sanfrancisco/insights/research

EUROPE MARKETS September 17, 2013 Property Investors Widen Hunt in Europe Buyers Are Turning to Secondary Cities and Various Asset Types By SARAH KROUSE Institutional investors in Western European property are getting bolder in their hunt for higher returns, testing new locations and asset classes.

Westfield Sells 7 U.S. Malls to Starwood for $1.6 Billion By Nichola Saminather - Sep 16, 2013 Westfield Group (WDC), the world’s biggest shopping-center operator by assets, will sell seven malls in the U.S. for $1.6 billion to an affiliate of Starwood Capital Group LLC, as the company consolidates its U.S. portfolio to fund higher-return activities. http://www.bloomberg.com/news/2013-09-16/westfield-sells-seven-u-s-malls-to-starwood-for-1-6-billion.html

The Lionstone Group Announces Major Repositioning of Dallas' Lincoln Plaza Ownership completes a $25 million renovation and renames the building Ross Tower DALLAS, Sept. 13, 2013 /PRNewswire-iReach/ -- The Lionstone Group, a privately-owned real estate investment firm, announced today that Dallas' Lincoln Plaza will be renamed Ross Tower to more accurately reflect its prime downtown location at the corner of Ross Avenue and Akard Street. http://www.prnewswire.com/news-releases/the-lionstone-group-announces-major-repositioning-of-dallas-lincoln-plaza-223681671.html

http://nreionline.com/nreiwire/press-release-pccp-llc-provides-80-million-senior-loans-keystone-property-group PRESS RELEASE: PCCP, LLC Provides $80 Million in Senior Loans to Keystone Property Group Sep. 10, 2013 Darcie Giacchetto New York, NY - PCCP, LLC announced today it has provided a total of $80 million in senior loans to a joint venture between Keystone Property Group and Mack-Cali Realty Corporation, a New Jersey-based Real Estate Investment Trust (REIT). The loans were for a portfolio of four separate office properties all located within Pennsylvania.

Institutional investors look to real estate debt funds Tuesday, 10 September 2013 New research from Preqin reveals that institutional investor appetite for real estate debt investments has tripled over the last two years, from 8% of investors targeting the strategy in December 2011 to 23% in August 2013. http://www.ftseglobalmarkets.com/news/institutional-investors-look-to-real-estate-debt-funds.html

Real estate debt satisfies institutional investor appetite Fundraising expands rapidly in the space Christina Mlynski September 10, 2013 With fund managers stepping in to fill a void left by traditional lenders backing out of the market, private real estate debt investment activity picked up significantly over the past two years. http://www.housingwire.com/articles/26761-real-estate-debt-satisfies-institutional-investor-appetite

The Key is good speed, not great haste. - Victor Gao (高志凯), Sep 10, 2013