NREI_NEWSLINE_ Penton Media October 28, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/759 TOP STORY --Global Markets Begin to Recover as U.S. Lags Behind By Denise Kalette Governments have taken extraordinary measures to jolt the global economy back to life and their efforts are working, according to a new report by Chicago-based brokerage Jones Lang LaSalle. The worst of the worldwide commercial property meltdown is over, the report concludes, and momentum is on the side of recovery. Through September, global corporate debt and equity issuance reached $4.2 trillion, an increase of 35% over the same period in 2008, a pace that could set an all-time annual issuance record, according to the market study. In another promising sign, across Europe 30% of major markets reported an increase in leasing levels and improved stability of office rents for the third quarter of 2009, compared with the second quarter. To view the full article go to: http://nreionline.com/finance/news/global_markets_begins_recovery_1028/ ONLINE EXCLUSIVES --Capmark Financial Group Files for Chapter 11 Bankruptcy Protection By Denise Kalette One of the nation's largest lenders, Horsham, Pa.-based Capmark Financial Group, has filed for Chapter 11 bankruptcy protection, saying it intends to restructure to reduce its corporate debt. In July, Capmark ranked sixth on National Real Estate Investor's list of the country's top 25 direct lenders with $7.8 billion directly financed in 2008, and another $2.5 billion in arranged financing. To view the full article go to: http://nreionline.com/news/capmark_financial_group_bankruptcy_1026/#at --Troubled CMBS Loans Skyrocket as Special Servicers Wrestle with Backlog By Denise Kalette Since January, the volume of troubled commercial mortgage-backed securities (CMBS) loans sent to special servicers for resolution has risen a startling 300%, and more losses are expected, according to a new report by New York-based Fitch Ratings. Because of market conditions, defaulted loans are being resolved more slowly than in the past, and less traditional loan workouts are becoming more common. By the end of the third quarter of 2009, only 10% of loans dispatched to special servicing following delinquencies or defaults had been returned to the loans' master servicers and categorized as current. To view the full article go to: http://nreionline.com/news/troubled_cmbs_loans_skyrocket_1023/#at --Seaports Ready to Catch Wave of Growth By Denise Kalette Industrial warehouse properties near many U.S. seaports are suffering higher vacancy rates and financial setbacks as the flow of cargo to U.S. ports has dropped by roughly 15% from last year. But better days are in store for warehouse investors as the ports fight back with ambitious improvement projects, spending billions of dollars to gear up for a projected jump in traffic over the next decade. Eastern U.S. seaports are expected to benefit most from the $5.25 billion widening of the Panama Canal to allow bigger cargo ships and faster passage through the canal's locks. From Charleston, S.C. and Savannah, Ga. to Jacksonville, Fla. and up to New Jersey, port authorities have been dredging their harbors to accommodate larger vessels, and expanding their facilities. To view the full article go to: http://nreionline.com/finance/1009_real_estate_seaports_ready_catch/#at Advertisement ---------------------------------------- (http://ads.bridgetrack.com/KeyBank/_redir.htm?BTData=C090D6B736068684C524C46B8B6A1A0B79A968984F6EEF4ECE0DBD4C7DE2720C0222FC&BT_TRF=11394&BT_CON=149&ppc=100109_KeyBankCapital_CapitalMarket_KBCMYourTrust_NREI_300x250) ---------------------------------------- Featured Research ---------------------------------------- *Top 25 Brokerages 2009 (http://nreionline.com/research/nrei-top-25-brokerages-0401/) *Seniors Housing Research (http://nreionline.com/seniorshousing/research-offer/index.html) *Distressed Real Estate (http://nreionline.com/distressedinventory/) *2009 Real Estate Investment Outlook (http://nreionline.com/research/2009_real_estate_investment_outlook/) ---------------------------------------- Advertisement ---------------------------------------- Invest in a CCIM. A Certified Commercial Investment Member (CCIM) is a qualified commercial real estate professional that brings an impressive depth of knowledge and added value to each client assignment. Click here to meet a CCIM in your market: http://pagepoint.ccim.com/?p=nrei. ---------------------------------------- NREI Interactive Products ---------------------------------------- John Driscoll on Principal Issues Facing Hospitals Today (http://nreionline.com/podcast/john-driscoll-principal-issues-facing-hospitals-today-100709/) John Driscoll, President of Alter+Care, discusses the principal issues facing hospitals today and the role private capital partners can play in a healthcare system's future development... WHITE PAPER Back To Basics To Stay Strong In Commercial Real Estate (http://nreionline.com/research/ge-capital-real-estate-0729/) To succeed in this real estate market, investors and managers need a new kind of toolbox... ---------------------------------------- Advertisement ---------------------------------------- Demand for real estate distressed debt is at a fever pitch, but only a small amount of distressed debt has come to market under market-clearing terms. Register today for this complimentary conference focusing on both government programs and private debt markets. http://www.mckennalong.com/events-705.html ---------------------------------------- ---------------------------------------- Don't miss this opportunity to network with senior management representatives of REITs and publicly traded real estate companies representing more than $500 billion in assets. Join us at REITWorld 2009: NAREIT's Annual Convention for All Things REIT. For more information, go to http://www.reit.com/REITWorld2009.cfm ---------------------------------------- ABOUT THIS NEWSLETTER Do you have editorial comments or ideas regarding NREI Newsline e-newsletter? Contact Sibley Fleming at mailto:sibley.fleming@penton.com You are subscribed to this newsletter as #email# To subscribe to this newsletter go to: http://subscribers.nreionline.com/?tc=NLSUB To unsubscribe from this newsletter go to: http://pbinews.com/webforms/newsletter/unsub/?email=#email#&lid=#list_id#&mid=#message_id# For information on advertising in this newsletter, please contact Marianne Rivera at 312-840-8466 or by email at mailto:marianne.rivera@penton.com. For questions concerning delivery of this newsletter, please contact our Customer Service Department at: US Toll Free:: 866-505-7173 International: 847-763-9504 or mailto:nreionline@pbinews.com To get this newsletter in a different format (Text or HTML), or to change your e-mail address, please go to your profile page here: http://subscribers.nreionline.com/?tc=NLSUB&email=#email# Penton Media | 249 W. 17th Street | New York, NY 10011 Copyright 2009, Penton Media. All rights reserved. This article is protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of Penton Media.