Real Estate News – March 17, 2011
Colin Dyer, chief executive officer of property broker Jones Lang LaSalle Inc. (JLL), said the crisis in Japan may undermine the nascent recovery in U.S. commercial real estate markets (via Bloomberg.com): http://bloom.bg/dFr5Qn
These are the best of times for cash-rich borrowers and lenders, but they continue to be tough times for less well-funded borrowers and lenders. Just as the investment markets are bifurcated with top-notch properties in top-tier cities commanding escalating prices and lower tier properties and cities still fighting uphill climbs, so too does it appear that the capital markets are split between the haves and have-nots (via CoStar.com): http://bit.ly/gZbyi2
Is Farmland the Next Bubble? (via REALTORMag): http://bit.ly/fgfelF
Will New Mortgage Rules Benefit Big Banks? (via TheAtlantic.com): http://bit.ly/dLzyd2
.US Bancorp, the fifth-biggest U.S. commercial bank by deposits, was sued by an insurer over $47 million in losses tied to investments in mortgage-backed securities (via Bloomberg.com): http://bloom.bg/fE0Mle