"It's only gotten worse," said Rick DeKam, broker at Midwest Realty Group in Portage. "Financing is still very difficult to find outside of the local community banks, who generally have lower lending limits. That said, there are still a few small...
Two more REITs now have seen executives forced to sell stock because of margin calls. General Growth got hit with a ton of selling because of margin loans, which eventually forced its CFO to step down. Now it has come to light that Macerich CEO...
Even though the broader stock market is relatively flat--the Dow is down about 1 percent as I'm typing this--REIT stocks are getting killed. The Morgan Stanley REIT index is down 8 percent right now. I have no idea why REITs are down so much. Any...
For example, the owners of the 1,200-unit Riverton apartment complex in upper Manhattan had counted on converting deregulated apartments to market-rate rentals at a faster pace. But when that didn't pan out, they had trouble servicing their debt...
“For institutional investors, even if you're an all-cash buyer you're probably going to want to remain on the sidelines because the conventional wisdom is that we still have a ways to go before we bottom out on the pricing in the industry,” says...
