Debating whether real estate predictions are overly pessimistic, with William Procida, William Procida, Inc. and Lee Munson, Portfolio Asset Management.
Activity in commercial real estate continued to decline in the second quarter, pushing activity to its lowest level in 15 years, an industry survey said. The Commercial Leading Indicator for Brokerage Activity, which has been tracking the industry since 1990, softened by 1.3% between April and June to...
The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2009. The analysis focuses on how the continued economic downturn in the United States placed further pressure on the commercial and multifamily real estate...
Federal Reserve Chairman Ben Bernanke said the U.S. economy has “contracted sharply” over the past six months, and he sees “further sizable job losses” and a rising unemployment rate in the coming months. Speaking before the Joint Economic Committee at Congress on Tuesday, the...
A Long Island mall partly owned and managed by Simon Property Group SPG.N has defaulted on a $124 million balloon mortgage payment after two of the main stores there filed for bankruptcy. The Mall at the Source in Westbury, New York, defaulted on the payment of the principal on March 11, said a spokesman...