Joe Kelly's (bridge-loan) Blog

Billionaire investor Sam Zell talks about the commercial real estate market and the outlook for the economy. Read more on this story fromBloomberg here------------------------------------------ You can instantly receive news updates like this via the RSS feedfor the main blog on our website.On ou...

Prices for Manhattan real estate may never fall enough for vulture investors circling the island looking for bargains on distressed buildings. Read more on this story fromBloomberg here------------------------------------------ You can instantly receive news updates like this via the RSS feedfor ...

The Federal Reserve sent the cost of protecting high-yield, high-risk debt from default to the lowest since November 2007 by bolstering demand for the investments with its program to buy $600 billion more of Treasuries. Read more on this story fromBloomberg here-----------------------------------...

Fifth Third Bancorp, Ohio’s largest lender, said an ill-timed move into Florida won’t prevent it from pursuing growth opportun-ities in the state. Read more on this story fromBloomberg here------------------------------------------ You can instantly receive news updates like this via the RSS feed...

Governor Chris Christie cut off New Jersey from $5 billion in New York-based salaries and diminished its future role in the world’s second-largest regional economy, according to government data and former state Com-merce Commissioner Gil Medina, by ending construction of a Hudson River rail tunne...

Wilmington Trust Corp., the 107-year- old du Pont family wealth manager that financed companies during the Great Depression, agreed to sell itself to M&T Bank Corp. for about half last week’s ma-rket value amid souring loans. Read more on this story fromBloomberg here-----------------------------...

The Federal Reserve will buy an additional $600 billion of Treasuries through June, expanding record stimulus and risking its credibility in a bid to reduce unemployment and avert deflation. Read more on this story fromBloomberg here------------------------------------------ You can instantly rec...

The U.S. Department of Veterans Affairs inked two 10-year deals for 122,756 square feet at 1100 First St. NE in Washington, DC. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates like this via the RSS feedfor the main blog on o...

Almost every multifamily market saw strong leasing, rising demand and falling vacancies in the third quarter as the nation’s apartment market continued a solid 2010 rally. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates like...

Hyatt Hotels Corp. (NYSE:H) plans to fly its flag on a luxury hotel under construction in Midtown Manhattan. The 210-room Park Hyatt, developed jointly with Extell Develop-ment Corp., is scheduled to open in 2012. Read more on this story fromCostar here------------------------------------------ Y...