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Commercial Property Faces Crisis
Commercial real-estate loans are souring at an accelerating pace, threatening to exceed the commercial downturn of the early 1990s.
Real Estate Journal

Scottsdale firm plans $94M real estate buying spree
Laguna Pacific Cos., a Scottsdale-based real estate development company, plans a $94 million shopping spree of residential land in Arizona, California and Nevada, with company officials expecting an upswing in the real estate market over the next two to seven years.
Biz Journal

Singapore Real Estate Rebounds in February
The property market in Singapore had a significant improvement in February compared to January, according to the most recent report from the Urban Redevelopment Authority (URA). The sales figures for both December and January were anemic, with only 108 and 131 units sold in these months, respectively. In contrast, February saw a total of 1,323 new homes sold.
homesgofast.com

CB Richard Ellis renegotiates debt
The stock price of CB Richard Ellis Group Inc., the second-largest commercial real estate firm in St. Louis, saw a sharp upturn Wednesday after the company renegotiated its agreement with lenders to give the company more flexibility during the weak commercial real estate market. (CBG)
Biz Journal

True taps program executives
Business News: Production co. also seals deal with Daniels -- Endemol-owned True Entertainment, the shingle behind Bravo's 'The Real Housewives of Atlanta,' is expanding, hiring two programming executives.
Variety

Florida REIT woos Ramco-Gershenson
A Florida real estate investment trust is wooing Ramco-Gershenson Properties Trust, the Farmington Hills, Mich., company that owns the West Allis Towne Center shopping center in West Allis. (EQY) (RPT)
Biz Journal

Vanguard Cleaning Systems, Inc.: Jeff Sorrell Opens Bakersfield Region for Vanguard Cleaning Systems, Inc.
BAKERSFIELD, CA (MARKET WIRE) Vanguard Cleaning Systems, Inc., a commercial cleaning franchisor leader, continues to expand its growth in the United States by awarding the rights of the Bakersfield, California Master Franchise to Jeff Sorrell. Jeff Sorrell joins Vanguard after a 15-year career as owner/President of Accurate Appraisal Services. Prior to owning Accurate Appraisal Services, Jeff was in the real estate industry for 10 years. With the addition of the Bakersfield office, Vanguard now has 44 master franchise locations throughout the United States and Canada, and 3 company owned locations in California.
Market Wire

Stanford receiver seeks law firm records on bank
The Hunton & Williams law firm has declined to relinquish possession and control of records that are part of the receivership estate,” Ralph Janvey, Stanford’s court-appointed receiver, said in the filing. “Information regarding valuable assets belonging to the bank and other offshore Stanford entities may be found in the files.”
Houston Chronicle

Chinese economists call on US `to clear up the mess` - Earth Times
Beijing - Criticism from China rose Thursday against US monetary policy with economists saying Washington must do more to restore confidence in the dollar. The United States should take real responsibility to clear up the mess it has created, Erh-C...
NewsRack

Rate how well Obama is advancing his economic agenda.
The question of this poll is bogus...it should be How well do you think the plan Obama is cramming down our throats will work?That this thing is moving forward and nobody seems willing to stand up to him is a good indication that Obama is doing a good job of moving "HIS" plan forward...Do we want his plan is the real question. From what I have seen, we do not infact want his plans to move forward. In one hand he keeps pointing to the spending Bush had during his 8 terms, and then in the other hand during his first 100 days has dwarfed anything Bush ever did in terms of spending. With his budget proposal moving forward he aims to add more to the spending, and buying toxic assets will add another trillion in spending...who do you think is going to pay for this?
Wall Street Journal

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