Federal Reserve chairman Ben Bernanke said banks across the country are systematically denying loan requests from financially credible small businesses. In a speech last week, he urged banks to lend to to small businesses, saying they are “crucial to America’s recovery.”
Archives for July 2010
Colliers Principal Thinks Worst is Over
The Midwest industrial sector is showing some improvement. The vacancy rate for Chicago industrial property fell for the first time in ten quarters to 11.09%. Colliers David Bercu thinks the picture is somewhat promising and cites that he knows of several good sized deals in the pipeline. Read the full article or view the video. Read more…
Commercial Real Estate Largely Through the Free Fall
Regulators are keeping a close eye on bank portfolios where commercial property loans make up more than 300% of total risk-based capital, excluding loans where the borrower owns the office or plant it occupies. Some banks are having to purge commercial RE credits from their books because of various regulatory orders. It’s estimated that 20% to 40% of all U.S. banks are at or above those levels, creating opportunities for those who are below them. This article reports that there’s still room for CRE loans.
LIN Marketing Meeting
DATE
July 28, 2010
TIME
7:30 a.m. – 9:00 a.m
LOCATION
6001 Indian School Road NE, Suite 250
DESCRIPTION
These meetings are held at a different property monthly on the last Wednesday. The hosting broker provides breakfast and door prizes for drawings that are held at the end of the meeting. Periodically, a guest speaker is invited to discuss topics of interest to commercial real estate professionals. These meetings begin at 7:30 a.m. and generally run until 9:00 a.m. CARNM members make presentations of properties for lease briefly describing the properties and their features.
COST
N/A
CONTACT
Ed Anlian, LIN Chair, at 505-503-2644 or Martha Carpenter (properties) at 505-878-0001
