Commercial Real Estate Portends Crisis
Fed and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy as it struggles to recover.
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Investors trading 3 stocks that may be doomed (AP)
AP - Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.
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Toll Brothers lost $472 million in Q3 (AP)
AP - A huge tax hit wiped out Toll Brothers’ profits for the third fiscal quarter, but the luxury builder saw housing markets improve in many parts of the country.
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New Jersey celebrity haunt is priciest U.S. zip code (Reuters)
Reuters - The priciest neighborhood in the United States is Alpine, New Jersey, home of hip hop stars such as Sean “Diddy” Combs, according to Forbes.com, which on Friday released a list of the most expensive zip codes.
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Subprime Lenders at the Head of the Line for Federal Subsidies (Time.com)
Time.com - As the government spends heavily to fight home foreclosures, some of the biggest beneficiaries will be banks that created the subprime mortgages
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Condo Lending Restrictions, Aimed At Lowering Risk, Raise Ire (Investor’s Business Daily)
Investor’s Business Daily - Despite steep price cuts, selling problems plague condominiums in the nascent rebound of residential real estate.
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Hotel Receivers Earn Rich Rewards
The growing wave of U.S. hotels defaulting on their debt has spawned a growth industry for companies that oversee and operate hotels seized by lenders.
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REITs Are Poised to Pick Up the Pieces
While overleveraged private real-estate funds are gasping for money, public property companies are now poised to become more-dominant players.
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Now Malibu Finally Has a City Hall
Many communities have been laid low by the financial crisis and housing bust, but in Malibu, Calif., it has presented a golden opportunity.
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U.S. Investors Abandon Europe
At the peak of the real-estate boom, U.S. investors dominated the game in European property. Now, with a few exceptions, the Americans have retracted.
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