Blackstone Adds Gramercy to Property Empire
The $7.6 billion acquisition of the commercial property asset manager fits Blackstone's strategy of targeting distribution centers.
CRE Market Set to Soften: Fitch
Once again, U.S. banks are over-exposed to commercial real estate at a time when the market is expected to turn.
CDS Investors Bearish on Sears
The spread on a one-year swap contract to insure against a Sears default rose significantly this week.
Wilmington Trust Concealed Problem Construction Loans: SEC
The bank agrees to pay $18.5 million to settle charges of accounting and disclosure fraud.