Thursday, February 10, 2011

Wall Street Boosts Borrowers as Real Estate Bond Market Returns

Wall Street Boosts Borrowers as Real Estate Bond Market Returns
By Sarah Mulholland and Nadja Brandt - Feb 9, 2011
Bloomberg.com 

Randy Waesche was running out of time to retire debt he took on to build a Marriott hotel in downtown New Orleans. Then Citigroup Inc. showed up.

Waesche had spent six months seeking a more affordable alternative to terms being offered by his lender, a unit of Capmark Financial Group Inc. Citigroup was able to offer a better rate as the market for bonds tied to commercial mortgages revives following its 2008 collapse. The loan was completed in November, and was part of an $876 million securitized debt sale by Citigroup and Goldman Sachs Group Inc. in December.

Tuesday, February 8, 2011

Two more Portsmouth restaurants seek valet approval

This is such a no brainer!  ~bf
Two more restaurants seek valet approval
Parking Committee to mull request, hear legal response on targeting time-limit scofflaws

By Charles McMahon
February 08, 2011 2:00 AM
SeacoastOnline.com
PORTSMOUTH — The city's Parking Committee on Thursday will take up two more requests from downtown restaurants for valet service, and hear a response on the legality of creating a new fine for drivers who remove chalk from their cars.