Banks in Ireland are in a world of hurt, if a stress test performed by the Irish Central Bank is anywhere close to reality. According to the results, Irish banks may need at least $18.4 billion USD or 13 billion Euros to cover all of the debt from bad real estate deals. Last year the
ProLogis AMB Merger Solves A Wealth of Problems
January 28, 2011 by
In news from the commercial sector, Denver based ProLogis, and AMB Property Corporation of S.F. announced on Wednesday their merger negotiations. These two publicly traded companies are the two largest players within the warehousing and distribution center realm. Some experts suggest the merger is nothing more than an effort to make economies of scale more reaonable for the two. ProLogis has lost millions due to logistic nightmares and other such inefficiencies spotlighted by the financial crisis worldwide.
