Joe Kelly's (bridge-loan) Blog

The U.S. Federal Reserve proposed two rules that would raise consumer protection coverage limits for credit transactions and leases. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news updates like this via the RSS feedfor the main bl...

Blackstone Group LP has reached an agreement to restructure about $7 billion of the remaining debt tied to its epic 2007 purchase of Sam Zell's Equity Office Properties Trust, the largest leveraged buyout ever, according to people familiar with the matter. Read more on this story fromWall Street ...

Boston-based Beacon Capital Partners has closed on a mod-ification of a troubled $2.7 bil-lion loan, which was one of the largest commercial-real-estate loans to ever be securitized, a company official confirmed Tuesday Read more on this story fromWall Street Journal here-------------------------...

Deals Struck at the Height of the Property Boom Cause Headaches for Owners Facing Tough Task of Refinancing. Facing a $1 billion chunk of debt coming due Feb. 1, the CNL Hotels & Resorts Inc. properties owned by a Morgan Stanley fund have become the latest targets of opp-ortunistic investors tryi...

As the market for office space shows signs of recovery, the suburbs are getting left behind. 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 ...

The following are the short interest positions and short interest vs float ratio aggre-gated by sector and industry group for companies listed on the NYSE, NYSE Alternext and Nasdaq Stock as of the Nov. 30 settlement date. The total positions decreased 1.00 perc-ent from previous period. The rati...

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 4 p.m. in New York. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news updates like this via the RSS feedfor t...

  GE Capital earnings this year may climb to about $3 billion, more than managers projected, as delinquencies slow and the unit gains market share in key businesses such as mid-market lending, the unit’s chief said. Read more on this story fromBloomberg here---------------------------------------...

Goldman Sachs Group Inc. and Citigroup Inc. are marketing $876 million of bonds backed by comm-ercial mortgages, according to a person familiar with the offering. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news updates like this v...

SL Green Realty Corp., Manhattan’s largest office landlord, agreed to buy Gramercy Capital Corp. real estate investments for $390.8 million, inclu-ding the right to a 100 percent lease-hold on New York’s Lipstick Building. Read more on this story fromBloomberg here--------------------------------...