Over the past few months there has been increasing concern about the future of the Eurozone, particularly with the economic troubles in Greece. As a result there is more talk about a potential breakup of the Eurozone based on the possibility of Greece exiting the European Union. With all this uncertainty, German lenders have begun
PS Business Parks Purchase $520 Million Warehouse Portfolio
December 21, 2011 by
RREEF Real Estate, the real estate management arm of Deutsche Bank, has agreed to a huge $520 million deal to sell a portfolio of offices and warehouses in San Francisco Bay. The company sold the buildings to Glendale, California-based PS Business Parks Inc., according to statement made by Deutsche Bank yesterday, reported in Business Week. As
Federal Housing Finance Agency To Sue Big Banks Over Toxic Mortgages
September 3, 2011 by
The New York Times is reporting that the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is planning to sue more than a dozen big banks for misrepresenting the quality of mortgages that were sold at the height of the housing boom. The suit alleges that the banks who packaged and sold
Mubarak’s legacy lingers over Egyptian property market
June 8, 2011 by
Real estate developers in Egypt who profited from their associations with the former president are now receiving their comeuppance, and the caretaker government is trying to settle disputes about land bought cheaply through the old regime. Talaat Moustafa Group (TMGH) is one of the largest publicly traded builders by assets, and has already been defeated
