Finance Mortgage Banking
Tight Money May Kill Pair of Phoenix Developments
June 25, 2008

Two of the Phoenix, Ariz.-based projects may fall prey to the financial woes of Mortgages Ltd., The Arizona Republic reported. At stake is the $100 million Hotel Monroe renovation, and a proposed Jackson Street entertainment district land deal. Both are now looking for alternative financing, according to the paper.

 
Recent Mortgage Banking Headlines
Parkbridge Completes $32M Financing, Closes on Seniors Communities
Oct. 07, 2008
Parkbridge Lifestyle Communities Inc. has announced the completion of a $32 million financing of one of its properties. The financing generated net proceeds of $13.2 million after repayment of a pre-existing first mortgage loan and associated transaction costs. The net proceeds were used to repay a $9 million secured facility and to partially repay amounts drawn under the corporation's operating lines.
Financial Market Update: After the Closing Bell-Monday, Oct. 6
Oct. 06, 2008
Yo-yoing has become the norm on Wall Street as the Dow Jones Industrial Average stampeded down about 800 points and then sprang back up again toward the end of the trading day Monday, finishing down 369 points for the day. The Dow also ended below the 10,000 point mark for the first time in four years.
Fed Begins TAFfy Pull to Encourage Lending; New CDS Market Reported
Oct. 06, 2008
Earlier today, in a move intended to “encourage term lending across a range of financial markets in a manner that eases pressures and promotes the ability of firms and households to obtain credit,” the Federal Reserve Board announced that it will both start to pay interest on its depositories’ required and excess reserve balances and significantly increase the size of the Term Auction Facility (TAF) auctions, starting with today’s auction of 84-day credit.
breaking Rescue Bill’s Passage Holds Good Tidings for Real Estate
Oct. 03, 2008
President Bush wasted no time whatsoever in signing the Emergency Economic Stabilization Act of 2008, inking it into law swiftly after its passage by the U.S. House of Representatives this afternoon.
Financial Market Update: After the Closing Bell-Friday, Oct. 3
Oct. 03, 2008
Now that the $700 billion bailout is a done deal--the House of Representatives passed a revamped version this afternoon 263-171, and President Bush signed it without much delay--the long process of whatever it is the bill is supposed to do will start now.
 

 

REal Talk with Adam Perrotta-Monday
October 06, 2008
By Adam Perrotta, News Writer --If it's true that misery loves company, the struggling American financial sector can at least take some solace in the fact that Europe is not immune to difficulties of its own, such as the struggles...

Financial Markets Update: Over the Weekend
October 06, 2008
By Dees Stribling, Contributing Editor -- It might have been a weekend, but there's no rest for attorneys. At least not those involved in the Wachovia-Citigroup-Wells Fargo dispute. A judge has granted Citi an injunction blocking further Wachovia-Wells Fargo negotiations...

Casino Hotels Feel the Pinch from the Economic Slowdown
October 06, 2008
By Eugene Gilligan, Senior Editor -- Lower airline capacity, tighter credit markets and the general economic downturn now gripping the U.S. have taken a deep toll on casino hotels. A sector that was enjoying positive times as recently as 2007...

Manhattan Office Market Reaches Uncharted Waters
October 06, 2008
By Paul Rosta, Senior Associate Editor -- The flagship of the United States office investment and leasing market, Manhattan is now also at the heart of the financial crisis. The stunning events of recent weeks point to a new era...

Q&A: Trikona's Kalra Says Not Impacted by Down Cycle in India
October 06, 2008
By Barbra Murray, Contributing Editor -- While it is anticipated that it will be short-lived, India is currently facing a cyclical downturn in its economy, according to a recent report by real estate services firm Cushman & Wakefield Inc. However,...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...