Jan 26 2010
Commercial Real Estate and Tishman and Blackrock Walking Away from a $4.4 Billion CRE Deal. How to Lose 66 Percent on an 11,000 Unit Property. Why Walking Away from CRE is no different from Walking Away from Residential Real Estate.
It is becoming more of a preferred strategy to systematically walk away from commercial real estate debt. We have now had two large Wall Street organizations in Morgan Stanley and Tishman and Blackrock Inc. deciding, by voluntary choice, to walk away from their contractual obligations on commercial real estate. Now much has been made regarding [...]
Jan 21 2010
Oil has Crushed the Suburban Homeowner Dream – How $75 a Barrel Oil no longer Supports New Home Construction in Distant Areas. Case study of Riverside and San Bernardino Foreclosures and Housing.
The peak of $147 for a barrel of oil seems to be a long gone memory. Yet oil per barrel is still up over $75, a long cry from the $20 barrel many became accustomed to. I have been mulling this issue over for a few months because few people are even considering oil prices [...]
