PREI raises $805 million from institutional investors for its U.S. debt fund Firm expands global initiative in commercial real estate finance

16 October 2012

PREI raises $805 million from institutional investors for its U.S. debt fund

Firm expands global initiative in commercial real estate finance

MADISON, N.J., October 16, 2012 - Prudential Real Estate Investors announced today that it has secured $805 million of discretionary capital for its Prudential U.S. Real Estate Debt Fund, bringing to more than $1.6 billion the amount PREI has raised so far from investors for its global debt strategy. PREI® is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU).

World's biggest copper mine to make inroads underground

http://www.mining.com/

World's biggest copper mine to make inroads underground
Marc Howe | October 12, 2012

The Chuquicamata mine in Chile – the world's largest open cut copper mine, will commence underground operations after nearly a century of open-cut production.

Developers eye Crossrail boom

Developers eye Crossrail boom
11 October, 2011 | By Jack Sidders

The development boom due to be ushered in by the £14.8 billion Crossrail project is gathering pace this week as plans for a 500,000 sq ft scheme around Tottenham Court Road are due to be submitted.

http://www.cnplus.co.uk/developers-eye-crossrail-boom/8620983.article 2013-07-15

With solid quarterly results, the Frankfurt office space market heads toward the end of the year

With solid quarterly results, the Frankfurt office space market heads toward the end of the year
9 Oct, 2012, Frankfurt

• 342,000 sqm of office space leased by the end of September
• Top lease rates stable
• Vacancies continue light fall

http://www.cushwake.com/

Being Gutsy Is Bringing Some Glory

COMMERCIAL REAL ESTATE
October 9, 2012, 8:12 p.m. ET
Being Gutsy Is Bringing Some Glory
Smaller Firms That Bought Commercial Property During Downturn See Profits

By ELIOT BROWN

The expected sale of a hulking, brick office tower in Midtown Manhattan is on track to net its seller the largest dollar profit to date on any single property that was purchased during the financial downturn.

http://online.wsj.com/article/SB10000872396390443294904578046812154313132.html

Economics, George Bernard Shaw

If all the economists were laid end to end, they would not reach a conclusion.

- George Bernard Shaw (1856–1950)

Natural Gas Liquid Prices Pressuring Midstream Profits

03 Oct 2012 12:25 PM
Natural Gas Liquid Prices Pressuring Midstream Profits

Fitch Ratings-New York-03 October 2012: With supply continuing to outstrip demand, low prices on natural gas liquids (NGLs) are weighing on midstream processors' profitability. Fitch Ratings believes slowing NGL demand and lingering price weakness is likely to pressure profitability throughout the balance of 2012 and into 2013.

Moving On Up: Why Valley Start-ups Are Relocating to San Francisco

http://www.inc.com/eric-markowitz/why-san-francisco-is-so-start-up-friendly.html

Moving On Up: Why Valley Start-ups Are Relocating to San Francisco
BY Eric Markowitz

Starting up? Don't head for the Valley. A culture shift is well under way, and San Francisco has become the new destination for Millennial entrepreneurs.

THEN AND NOW: The Warfield Theater brought vibrancy to Market Street in the 1920s, then witnessed the neighborhood's decay before a recent resurgence, no small thanks to the start-up boom.

Worldwide Plaza Bids Coming in Slightly Below George Comfort’s Lofty Targets

Worldwide Plaza Bids Coming in Slightly Below George Comfort’s Lofty Targets
By Daniel Geiger 10/01/12 6:04pm

Bids for Worldwide Plaza are coming in below the sky-high projections sellers George Comfort & Sons and RCG Longview had hoped for when the partners (finally) put the nearly two million-square-foot office tower on the market in recent weeks.

http://commercialobserver.com/2012/10/worldwide-plaza-bids-coming-in-slightly-below-george-comforts-lofty-targets/

Finance·Money, Gordon Gekko, Wall Street

Greed is good.

- Gordon Gekko, Wall Street(1987)