The distressed loan situation in commercial real estate is taking a striking turn for the worse, according to a CoStar Group analysis of December loan information on more than 83,000 loans in commercial mortgage backed securities. The level of...
Commercial real estate markets deteriorated in most Districts. Contacts in the Boston District described the commercial real estate market as grim and depressing, and market conditions continued to deteriorate in Richmond. In the Minneapolis...
Regional department store chain Gottschalks, which operates 58 stores and three specialty apparel stores in six western states, has filed for bankruptcy protection. ...
The American Institute of Architects looked at forecasts from five sources to arrive at a consensus forecast for nonresidential construction in 2009 and 2010. The chart is interactive so you can see each of the five forecasts individually as well...
Retail sales fell 2.7 percent in December according to the Commerce Department, the sixth straight monthly drop. Excluding autos and auto parts, sales were down 3.1 percent. November sales estimates were revised downward as well. Economists ...
The American economy is likely to deteriorate before it improves sometime in 2010, according to the chief executives of several large retailers, who gathered Monday night in New York for an annual dinner hosted by the investment bank Financo. "I...
The industry has been bracing for a wave of retailer bankruptcies and closings. Little by little, that is now beginning. Shane Co., a jeweler with 23 stores, has filed for bankruptcy protection. Meanwhile, Cost Plus is closing 26 stores.
This is just getting weird. The merger was so long ago. Is there really anything to halt in the merger at this point? The deal was originally announced almost two years ago--February 2007. The Federal Trade Commission first attempted to block it...
The downturn has been quick and dramatic. And because of that, some economists are now arguing that the recovery will take place sooner than many expect. ...
