July 2008 Table of Contents

Jilted by Global Capital

Apartment borrowers are still waiting. Conduit loans, everyone’s favorite highleverage financing, have been unavailable since the capital crisis began last fall. Read more

Bottom Fishing

St. Petersburg, Fla. — Job losses, weak household formation levels, and competition from the shadow market are taking their toll on the apartment market here. Read more

Out of the Ashes

The conduit lending business has a very faint pulse. Few new loans are being originated, and the flow of Wall Street money, the lifeblood of the conduit business, has slowed to a trickle. Read more

Permanent Losses Permanent Losses

During the capital crisis, bond investors exited real estate like disaster victims fleeing a burning building. Read more

Seniors Headache

East Moriches, N.Y. — This summer, Landmark Properties plans to start building 408 seniors condominiums at Heritage Square, an independent and assisted living development planned here. Read more

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