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Land deal advisor resigns from Calpers
LOS ANGELES (Reuters) - The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday.
Reuters

Commercial real estate: Shaky ground
Commercial real estate execs discuss the '90-'91 downturn and how the latest crash compares.
Star Tribune

Land deal advisor resigns from Calpers: report
LOS ANGELES (Reuters) - The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, according to news reports.
Reuters

City council members annoyed by lack of communication from developers
Some Valley city council members are frustrated with the lack of updates they are getting from real estate developers regarding projects tabled by the market crash and recession.
Biz Journal

Capmark Said Ready to File for Bankruptcy
Capmark Financial Group plans to file for bankruptcy as soon as this weekend, dealing another blow to the private-equity owners of the big commercial-real-estate lender.
Wall Street Journal

Fed appraisal rules sink home values - detnews.com
Federal actions intended to stabilize inflated real estate prices that led to last year's financial meltdown are instead depressing prices and killing some sales in an already weak market. At issue is...
Big News Network

Lloyds property sales under pressure after exodus
LLOYDS Banking Group's efforts to sell off property assets is under strain after losing two senior real estate specialists.
Scotsman

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