Commercial Real Estate
- 2009 may be the peak office space delivery year for this cycle (see graph, above)
- Moody's: CRE prices off 7.6% in May.
- CRE losses are piling up.
- Regional banks face large losses due to CRE defaults.
- More on the commercial real estate time bomb.
- LA Times: Commercial brokers are swimming in empty space.
- The U.S. hotel industry posted declines in all three key performance measurements during the week of 5-11 July 2009.
- BART talks set to resume.
- Examiner Editorial: MTA needs protection from ongoing lawsuits.
- Newsom slams 2/3rds budget-vote rule as 'recipe for status quo'.
- Alioto-Pier launches bid for insurance commissioner.
- Schwarzenegger postpones budget talks.
- California budget deficit dwarfs other states.
- Geithner's task: Selling U.S. debt.
- Obamacare: The fast and the furious.
- The most important number in politics today: 44.
- The health surtax breakdown can be found, here.
- State tax revenues at record low, Rockefeller Institute finds.
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