Investors Real Estate Trust nets $62.6 million from sale of 8 million sharesOctober 9th, 2009 Investors Real Estate Trust stock sale nets $62.6MMINOT, N.D. — Investors Real Estate Trust said it expects $62.6 million in net proceeds from a follow-on offering that closed Friday.
Hosing sector demand to go up by 30 percent: FICCIOctober 8th, 2009 NEW DELHI - The residential sector will lead the revival of India's reality industry as it will see a surge in demand by 30 percent by 2009-end, according to an industry lobby survey. "Although the real estate sector has started showing some signs of revival, a majority of the industry experts expect the residential segment to recover by the end of 2009 with a 25-30 percent renewal in demand," said the survey report by the Federation of Indian Chambers of Commerce and Industry (FICCI).
Colony Financial prices IPO of 12.5 million shares of common stock at $20 per shareSeptember 24th, 2009 Colony Financial prices initial public offeringLOS ANGELES — Colony Financial Inc. said it priced an initial public offering of 12.5 million shares of its common stock at $20 per share.
Moody's report shows commercial real estate prices resumed steep declines in JulySeptember 21st, 2009 Moody's: Commercial real estate prices fallingNEW YORK — Prices for commercial real estate suffered steep declines in July and the volume of transactions remained low, according to a report issued Monday by Moody's Investors Service. The Moody's/REAL Commercial Property Price Indices (CPPI) was down 5.1 percent from June after slipping just 1 percent the previous month.
Fed examiners stepping up oversight of commercial real-estate loans at smaller banksSeptember 16th, 2009 Fed tightens review of commercial real-estate riskWASHINGTON — The Federal Reserve is stepping up its scrutiny of commercial real-estate lending at smaller banks, according to a Fed official. Instead of reviewing only individual banks, Fed examiners also are comparing results across the industry to better assess broader risks, the official says.
IRS issues rules making it easier to refinance some commercial real estate mortgagesSeptember 15th, 2009 IRS issues rules to ease mortgage refinancingWASHINGTON — The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number of defaults. The rules would allow commercial loans that are part of investment pools known as Real Estate Mortgage Investment Conduits, or REMICs, to be refinanced without triggering tax penalties for investors.
Federal Reserve imposes restrictions on banks in Nebraska and Missouri and their ownerSeptember 3rd, 2009 Federal Reserve imposes restrictions on 2 banksOMAHA, Neb. — The Federal Reserve has imposed restrictions on two correspondent banks in Nebraska and Missouri owned by Midwest Independent Bancshares Inc.
Shares of Sport Supply Group fall as analyst cites decline in catalog revenueAugust 28th, 2009 Shares of Sport Supply Group downHARTFORD, Conn. — Shares of Sport Supply Group Inc.
Analyst upgrades Wilmington Trust, cites improving credit, unlikely need to raise capitalAugust 27th, 2009 Wilmington Trust shares rise on analyst upgradeBOSTON — Shares of Wilmington Trust Corp. rose Thursday after an upgrade by a SunTrust Robinson Humphrey analyst, who said the regional bank is seeing credit trends improve and is unlikely to make a near-term stock offering to raise capital.
Fitch: Banks face more difficult credit trends amid exposure to commercial real estate lossesAugust 21st, 2009 Fitch: Banks face more difficult credit trendsNEW YORK — Fitch Ratings analysts said Friday they expect U.S. banking companies to continue to face rising credit costs and a difficult operating environment in the coming months.
Commercial real estate market woes seen as drag on US economic recoveryAugust 12th, 2009 Recession and debt drag on commercial real estateLOS ANGELES — Even as the housing market starts to show signs of recovery, fortunes for commercial real estate are looking increasingly grim — and that could spell trouble for the fragile U.S. banking sector.
National Health Investors downgraded to 'Hold,' analyst says stock fairly valuedJuly 14th, 2009 National Health downgraded on priceNEW YORK — Shares of National Health Investors Inc. fell Tuesday after an analyst downgraded the real estate company, saying its stock is fairly valued.
Fed official says central bank stepping up focus on commercial real estate loansJuly 9th, 2009 Fed focused on commercial loansWASHINGTON — A Federal Reserve official says the central bank is paying extra attention to banks' books as losses from sour commercial real estate loans keep mounting. Jon D. Greenlee, associate director of the Fed's division of banking supervision, says in remarks prepared for a Congressional hearing Thursday that the central bank has stepped up training of its bank examiners so they are ready to deal with rising losses from the commercial real estate industry.
Investors show no appetite for Fed program to bolster commercial real-estate loansJune 16th, 2009 Commercial real-estate loans draw no interestWASHINGTON — Investors showed no appetite for a government plan intended to boost the availability of commercial real-estate loans. The Federal Reserve Bank of New York says it received no investor requests for loans by Tuesday's deadline.
5 regional banks asked to raise $8.2 billion in new capital based on government 'stress tests'May 8th, 2009 5 regional banks must raise $8.2B after testsWASHINGTON — Five of the nation's largest regional banks are vulnerable to a worsening recession and need to raise a total $8.2 billion in new capital based on results of government "stress tests" released Thursday. The two regional banks based in the Southeast, Regions Financial Corp.
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