Subject: Economic News (ECO)

December 23, 2004 Many hotels this year have traded for prices resulting in capitalization rates of 8 percent – and lower. But average cap rates fall in the mid-10 percent range for the sector, according to Erik Warner, vice president, ...

It looks like the hotel sector is on the road to a full-blown recovery. The forecast calls for another aggressive year of transactions and bottom-line improvements.

June 30, 2003 The Federal Emergency Management Association, part of the Department of Homeland Defense, has commissioned a national panel comprised of regulatory agencies, lenders and insurers to devise safety guidelines for commercial properties to reduce terrorism insurance premiums.The panel ...

February 26, 2003 Commercial Real Estate Direct Staff ReportBuildings in New York, Washington, D.C., Chicago and San Francisco were ranked by the Insurance Services Office as having the highest risk of being struck by an act of terrorism.The Jersey City, ...

February 21, 2003 Donald Trump plans to take his insurance business elsewhere once his policies with American International Group expire, according to a Dow Jones Newswires report.AIG told Dow Jones the switch is because it won't buy bonds on Trump's ...

The president implored the House and Senate to finish what they started, saying 300,000 jobs are on hold due to lawmakers' inability to get a proper terrorism backstop measure reconciled.

The body voted today to keep unrelated amendments from being attached to S.2600. But a strong Republican move to limit punitive damages to property owners after a future terrorist action is jeopardizing passage.

June 18, 2002Commercial Real Estate Direct Staff ReportThe U.S. Senate is preparing to vote shortly on S.2600, its version of the terrorism insurance bill that would provide a federal backstop to providers of insurance and re-insurance.The body is evidently getting ...

June 18, 2002 By Orest Mandzy, Commercial Real Estate Direct Managing EditorThe issue of terrorism insurance might have dominated last week's annual Commercial Mortgage Securities Association convention in New York, but it wasn't the only subject discussed.The convention's most lively ...

The Senate approved the measure, S.2600, by a margin of 84-14. Although considered a major hurdle, the bill's passage is in danger of a presidential veto unless key differences are worked out in committee.