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March 11, 2013
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  Top News 
  Capital Markets 
  • "Stress test" results differ from market indicators
    The Federal Reserve's most recent "stress test" indicates that Citigroup is safer than JPMorgan Chase. The result contrasts with credit ratings and prices for credit default swaps, which indicate JPMorgan is safer, and has some analysts questioning whether the test can accurately measure the safety of the biggest banks. "At the end of the day, there is a legitimate question about the ability of regulators to fully evaluate $2 trillion institutions because of the complexity and exposures they have," said Fred Cannon of Keefe, Bruyette & Woods. Reuters (3/9) LinkedInFacebookTwitterEmail this Story
 
  Investment News 
  • Singapore Press Holdings eyes REIT
    Singapore Press Holdings Ltd., which owns the Paragon retail center in Singapore, is considering forming a REIT. Its stock rose in response to the news. "Setting up a REIT makes sense for Singapore Press Holdings as they can monetize their assets," says Pearlyn Wong, an analyst with Bank Julius Baer & Co. Bloomberg (3/11) LinkedInFacebookTwitterEmail this Story
  • Other News
  Real Estate Marketplace 
  • U.S. Bank Tower trading for $367.5M
    Singapore's Overseas Union Enterprise is acquiring the 72-story Los Angeles U.S. Bank Tower and other related properties for $367.5 million. The 1.4 million-square-foot tower is about 56.3% occupied. MPG Office Trust is the seller. The Wall Street Journal (3/11) LinkedInFacebookTwitterEmail this Story
  • Kimco buys Conn. mixed-use project for $42M
    Kimco Realty has acquired a 187,000-square-foot retail/office property in Wilton, Conn., for $42 million. The mixed-use development, called Wilton Executive Campus, is next door to a 97,000-square-foot retail center that the REIT bought six months ago for $39.7 million. The Advocate (Stamford, Conn.) (3/8) LinkedInFacebookTwitterEmail this Story
  • Number of hotel deals is expected to increase in 2013
    The number of hotel transactions in Europe was down 21% in 2012 versus 2011, but the number of deals is expected to rise this year thanks to better financing opportunities. "There are early signs that this will be the strongest hotel-transaction year since before the crisis," said Frits van Paasschen, Starwood Hotels and Resorts Worldwide CEO and president. Reuters (3/7) LinkedInFacebookTwitterEmail this Story
  NAREIT News 
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--Socrates,
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