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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January 29, 2010
According to Greg Genovese, president of securities at Thompson National Properties, the commercial real estate markets are nearing a bottom and “its a good opportunistic time to start investing in real estate.” He cautions investors to carefully assess where they are investing in, in what asset type as well as how much leverage they are [...]
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