Doubts Surface about “Valuations” of London Office Properties amid Conflicts of Interest by Nick Corbishley • Nov 19, 2020 • 24 Comments But these “valuations” are crucial to REITs and property mutual funds.
Volkswagen to Throw $86 Billion at EVs over 5 Years. GM, Ford, Others Plow Mega-Bucks into Shift to EVs. Tesla Instigated It by Wolf Richter • Nov 13, 2020 • 298 Comments Commercial trucks and vans too, including at Volkswagen’s Traton, one of the largest truck makers in the world, acquirer of Navistar.
How the Unemployment Fiasco in Europe Is Kept out of Official Unemployment Rates by Nick Corbishley • Nov 12, 2020 • 67 Comments The massive and once-again extended Pandemic-era furlough programs serve their purpose, but…
Spooked by Fishy Smells & Regulators, Investment Bank Natixis Dumps its 50% Stake in Formerly-$36-Billion Hedge Fund H2O by Nick Corbishley • Nov 8, 2020 • 36 Comments Blackstone Group, BNP Cardif, Crédit Agricole, and others have also unwound or suspended their relationship with H2O.
Amid Eviction Moratorium, Wiggle Room Tightens for Retail Landlords & Tenants in the UK by Nick Corbishley • Oct 19, 2020 • 36 Comments Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet.
Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge by Nick Corbishley • Oct 16, 2020 • 32 Comments The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.
Highly Leveraged Commercial Real Estate Bets that UK Local Authorities Took to Meet Budget Shortfalls Begin to Unravel by Nick Corbishley • Oct 13, 2020 • 61 Comments With impeccable timing.
Private-Equity Firm Blackstone, Spain’s Largest Landlord, Tries to Unload its Properties by Nick Corbishley • Oct 7, 2020 • 95 Comments What does it mean when Wall Street mega-landlords that bought the impaired assets after the last crash are trying to unload during the worst economic crisis on record?
Small-Business Emergency Loan Program in the UK Threatens to Descend into Chaos by Nick Corbishley • Oct 3, 2020 • 33 Comments A goldmine for enterprising criminals. Even legitimate borrowers face sky-high default rates. Taxpayers to eat the losses.
Grim Summer Turns to Long Cold Winter for European Airlines as Passenger Traffic Dives Again by Nick Corbishley • Sep 23, 2020 • 44 Comments A struggle for basic survival and for new money to burn.
