In today's economy it is very difficult to ascertain a clear picture as to where we are headed. On a daily basis, news stories about increasing foreclosure numbers (link) and the housing recovery pop up on the news wires. Trying to understand where we are headed is tough.
One concrete event which happened in this month was the Developers Diversified Realty Corporation CMBS offering. The CMBS (Commercial mortgage backed securities) market was a key driver of funding for commercial projects. A market that was $700 billion at the peak has virtually disappeared. The success of Developers Diversified Realty Corporaton offering is a positive sign to see.
Another article which caught my eye was Citigroup successfully executing sale leaseback deals for 17 of it's west coast branches (article). Seeing actual deals take place is a good sign and hopefully the start of more activity.
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