| The daily source on REITs and real estate investment |  |
- JPMorgan faces FBI inquiry into trading loss
The FBI has added pressure to JPMorgan Chase by opening an inquiry into the bank's recently announced trading loss. The investigation failed to spook investors, who increased JPMorgan's stock price Tuesday. Meanwhile, shareholders backed CEO Jamie Dimon by rejecting a proposal to split his roles of CEO and chairman. Treasury Secretary Timothy Geithner cited the loss as reason to ramp up financial reform, saying regulators are "going to take a very careful look at this incident." Reuters
(5/16), The Wall Street Journal
(5/15), Financial Times (tiered subscription model)
(5/15), The Washington Post
(5/15)     
 | 2012 Public Real Estate Compensation Trends — Join this exclusive Webinar, June 6th, as top ranked real estate executive compensation experts from FPL Associates unveil the results from their 10th annual analysis of executive compensation and Board of Director compensation trends, the most comprehensive of its kind, which also includes a real-time update on Say-on-Pay results. Register here. |
| Capital Markets |  |  |
|
- Problem mortgages rise in Europe, possibly leading to debt woes
 With recession taking hold in more European economies and property values continuing to fall, the market could be facing a wave of defaults on commercial mortgages. As financing freezes up, there are concerns about more than $100 billion in loans that were packaged into commercial mortgage-backed securities, about three-quarters of which are held on properties in Germany and the U.K. The Wall Street Journal
(5/15)
- Germany's economic rebound helps eurozone escape recession
A surprising economic rebound in Germany helped the eurozone avoid recession in the first quarter. However, Spain and Italy suffered significant downturns, highlighting the deepening divide between Germany and its neighbors. The situation complicates the eurozone's efforts to resolve its debt crisis and bolster its economy. The Wall Street Journal
(5/16)
| Investment News | | |
|
- Owner of Grand Ole Opry to lose poison-pill protection
Shareholders of Gaylord Entertainment, which owns the Opryland resort in Nashville, Tenn., and other hotel/convention center properties, have voted to let the company's poison-pill provision expire, leaving Gaylord open to a potential takeover, this article notes. The Grand Ole Opry is Gaylord's best-known business, yet the company gets most of its revenue from hotel operations. Bloomberg
(5/16)
- Green ownership does more than save money, exec says
 It may not be easy being green, but committing to sustainability can yield benefits beyond cost savings, according to David Jaber, senior vice president for property management and construction at Shorenstein Realty Services. Getting tenants to buy into greening efforts is a key element, he says. REIT.com
(5/15)
- Brookfield to seek IPO for big property spinoff
Brookfield Asset Management will combine its General Growth Properties, Fairfield Residential and Brookfield Office Properties subsidiaries into a new company and plans to offer a 10% equity stake in the venture to investors, hoping to raise about $1 billion. "[T]his will be a different entity and all of our opportunistic income producing commercial activities will be conducted through it," CEO Bruce Flatt said on a conference call. The Wall Street Journal
(5/15)
| NAREIT News | | |
|
| Policy Watch | | |
|
| SmartQuote | | |
|
 | I finally figured out the only reason to be alive is to enjoy it."
--Rita Mae Brown,
American writer
|
| |
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
| |
| | Recent Real Estate Investment SmartBrief Issues:
- Tuesday, May 15, 2012
- Monday, May 14, 2012
- Friday, May 11, 2012
- Thursday, May 10, 2012
- Wednesday, May 09, 2012
| | | Lead Editor: Liz DeHoff
Sales Account Director: Jasmine Rogers
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
| |
|
| © 1999-2012 SmartBrief, Inc.® Legal Information |
|
