Subject: Economic News (ECO)

Commercial Real Estate Direct Staff ReportGoldman Sachs, which in the first quarter had marked its commercial real estate holdings down by $640 million, recognized another $700 million in fair-value losses associated with its commercial mortgage portfolio.Nonetheless, the investment bank's fixed ...

Commercial Real Estate Direct Staff ReportJames L. Dimon, JPMorgan Chase & Co.'s chairman and chief executive, has warned the banking industry to brace for "rapidly rising" losses related to commercial real estate. Commercial real estate losses "are going up, and ...

Commercial Real Estate Direct Staff ReportGoldman Sachs wrote down its exposure to commercial real estate by another $640 million during the quarter. The investment bank, which reported $1.8 billion of net earnings during the first quarter on $9.4 billion of ...

Commercial Real Estate Direct Staff Report Fitch Ratings has awarded a CMBS special servicing rating of CSS3 to Helios AMC, a San Francisco asset-management company formed by workout veterans Eric Lindner, John Maute and Michele Heisler. Helios AMC is capitalized ...

Commercial Real Estate Direct Staff Report During the early 1990s, when the commercial real estate market was in a state of depression, financier Sam Zell came up with the mantra, "Stay alive till '95." His words ended up being prescient. ...

Commercial Real Estate Direct Staff Report Arbor Realty Trust, which is angling to buy CBRE Realty Finance, has asked the Hartford, Conn., mortgage REIT to provide information on what it expects will be future write-downs of potentially troubled loans. Arbor, ...

Commercial Real Estate Direct Staff Report Situs, a real estate due diligence and consulting company, has developed an electronic library application that it has started marketing to real estate companies. The product, Situs Compass, allows users to integrate the information ...

Commercial Real Estate Direct Staff Report Merrill Lynch has disclosed that it held an $18 billion exposure to commercial real estate at the end of the fourth quarter. According to a regulatory filing, the investment bank had written down that ...

Morrison & Foerster LLP has named three of its real estate attorneys, Derek Boswell, Mitchell Randall and Gregory Tan to partner. The three were among 24 attorneys who were named partner. Boswell, Randall and Tan handle litigation and business practices ...

A total of 1,403 individuals are attending the Commercial Mortgage Securities Association's annual investor's conference in South Beach Miami this week. The trade group had earlier announced that fewer had registered. Since the event started, more than an additional 100 ...