January 29, 2010
A recent report by the Urban Land Institute cites four demographic trends which will impact housing in a significant way:
1. Aging Baby Boomers (55 to 64 year olds) given the losses in their net worth, many will be compelled to continue to work and to remain in their suburban homes until real estate values recover. [...]
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January 29, 2010
Seeking to reorient and stabilize, Citigroup is selling its Citi Propery Investors portfolio in order to focus on its retail and investment banking businesses. Ironically, Joseph Azrack who helped build a $13 billion portfolio of commercial properties for the bank and which now has plummeted in value since his departure in 2008, is in the [...]
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