Joe Kelly's (bridge-loan) Blog

Weak Markets, Tight Financing Hurt Agency's Efforts; 'Sitting on Our Assets' Sellers of commercial property unhappy with today's low valuations and tight financing market can commiserate with the federal government. Read more on this story fromWall Street Journal here-----------------------------...

Mall owner General Growth Properties Inc., which last week ended its 19-month bankruptcy, will reap more than $700 million in additional cap-ital from its secondary public offer-ing of 155 million new shares this week.  Read more on this story fromWall Street Journal here-------------------------...

Big news from Reit World: Apartment giant Archstone, one of the largest REITs to be privatized, could go pub-lic again. That’s the word from Chief Executive R. Scot Sellers, who spoke on a star-studded panel that also included apartment operator Avalon-Bay’s Bryce Blair and investment firm Cohen ...

The streets of New York are bathed in the glow of REITs.   Read more on this story fromWall Street Journal here------------------------------------------You can instantly receive news updates like this via the RSS feedfor the main blog on our website.On our blog we share more in depthstories as w...

The condominium and townhouse development at 197 Berry St. in Williamsburg is beginning to take shape, showing clear signs of the developer and architect's efforts to make it fit in with the surrounding row houses and industrial buildings. Read more on this story fromWall Street Journal here-----...

Builder D.R. Horton isn't optimistic about the upcoming spring selling season, but it expects to be profit-able next year. Read more on this story fromWall Street Journal here------------------------------------------You can instantly receive news updates like this via the RSS feedfor the main b...

OneWest Bank, formed in the aftermath of IndyMac Bancorp’s failure, purchased $1.4 billion in commercial real estate loans from Citigroup Inc. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news updates like this via the RSS feedfor t...

Prices of commercial-mortgage backed securities will keep rising as buyers seek higher-paying investments with benchmark interest rates near zero, according to Lisa Pendergast, a strategist at Jefferies & Co. Read more on this story fromBloomberg here------------------------------------------You ...

General Growth Properties Inc., the second-largest U.S. mall owner, exited from the big-gest real estate bankruptcy in the country’s history and split itself into two companies. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news upda...

General Growth Properties Inc., the company that exited the largest U.S. real estate bankruptcy yesterday, rose 6.7 percent in New York in its first day of trading as solely a mall landlord. Read more on this story fromBloomberg here------------------------------------------You can instantly rece...