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TIAA-CREF Refinances 3,600 Units for $273M
LOS ANGELES-TIAA-CREF Global Real Estate has refinanced a portfolio of 10 stabilized class A multifamily properties comprising 3,500 units in five states for $273 million via loans that were arranged by the Capital Markets Division at CB Richard Ellis Group.
Read more...Meet the CEO of the biggest company on earth: Full version
It wasn't much of a honeymoon. Less than a year after Wal-Mart's new chief executive, Mike Duke, took control of the world's biggest company, he was faced with a not-so-little problem. Shortly before he became CEO in early 2009, Wal-Mart had announced, with great fanfare, Project Impact -- a plan to freshen up the stores and make them a better place to shop. For the most part it worked pretty ...
Read more...Financial crisis panel tells NV leaders to be bold
From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.
Read more...Move Unveils New Top Producer 8i iPhone App
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Read more...Let it Be
Watch the bonds... We could be seeing the first crack in the bond market. But it seems too early to us. It seems more likely that the bond market will stretch this out...bringing more and more hapless investors on board before finally sinking. Everything takes longer than you expect.
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