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Banks Affected By Increased Loan Defaults (WFC, BAC)
Default rates on commercial real estate loans continue to move higher and may be the next phase of the credit crisis.
Investopedia.com

Abu Dhabi gains on real estates
The Abu Dhabi Securities Exchange (ADX) gained 0.77%, closing at 2,956.03 points, mostly lifted by the real estate sector (gaining 2.57%). Financial bellwether National Bank of Abu Dhabi (NBAD) advanced to Dhs13.90 (up 1.09%). The UAE's second largest lender plans to issue more bonds after it raised $850m through bonds last week, EFG Hermes cites Trade Arabia. Oman Emirates Investment Holding posted the largest loss (down 9.79% to Dhs1.75).
AME

Israel Stocks: Israel stocks up; Africa-Israel meeting set
Israeli stocks rose on Monday, with some rises among the blue chips and tech stocks offset by a drop in a couple of prominent insurance issues and real estate stocks.
Market Watch

EPRA announces the appointment of Unibail-Rodamco`s Guillaume Poitrinal as Association Chairman
EPRA is pleased to announce the appointment as chairman of one of the leading figures in real estate – Guillaume Poitrinal, Chairman of the management board and CEO of Unibail-Rodamco. Out-going chairman, Serge Fautré, said: “It’s been a fantastic four years at the helm. We have seen many highs, and more recently a few lows; however I’m proud to say I leave the Association in great shape for the future.” Guillaume Poitrinal, Chairman of the management board and CEO of Unibail-Rodamco and newly
Europe RE

JLL: Retail real estate investment up 85% in continental Europe in Q2 2009 (EUR)
Direct retail real estate investment in Continental Europe was up by 85% in the second quarter 2009, compared to the first quarter of the year, according to new research from Jones Lang LaSalle. This has been largely driven by an increase in lot size rather than number of deals, 33 deals in Q1 compared to 38 deals in Q2. The transaction volume was circa €2 bln. in Q2 2009, compared to €1 bln. in Q1, giving a total of €3 bln. in the first half of the year. This is comparable to the volume tran
Europe RE

EPRA: NAV data shows £4.3 billion UK property recapitalization stabilizing market (UK)
The estimated £4.3 billion (€5 billion) in new equity that has been pumped into the UK listed property sector via rights issues and share placings in the past 10 months appears to be having a strong stabilizing influence on the market, new Net Asset Value (NAV) research data from the European Public Real Estate Association (EPRA) indicates. The average discount of share prices for companies in the FTSE EPRA/NAREIT UK Index to their NAVs, or value of underlying assets, was a record 46% at the ma
Europe RE

Israel stocks up; Africa-Israel meeting set
TEL AVIV (MarketWatch) -- Israeli stocks rose on Monday, with some rises among the blue chips and tech stocks offset by a drop in a couple of prominent insurance issues and real estate stocks. La...
Big News Network

REITs can attract fresh capital to GCC
UAE. AT Kearney sees definite opportunities for GCC based and managed Real Estate Investment Trusts and similar types of investment funds to attract billions in foreign direct investment into the region's real estate markets.
Business Intelligence Middle East

Saudi Arabia`s real estate sector to grow by up to 7% through 2012
SAUDI ARABIA. Saudi Build 2009 introduces the latest in construction technology and materials to local and foreign firms seeking a stronger presence in Saudi market.
Business Intelligence Middle East

With real estate values uncertain, relationships have more importance
TAMPA - As real estate values drop and demand wanes, a potential borrower interested in a commercial real estate loan would be well served to get to know the banker.
Biz Journal

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