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March 26, 2009 Sign up Forward Archive Advertise The daily source on REITs and real estate investment       Top News  Geithner to push for tougher rules to contain risks Treasury Secretary Timothy Geithner is expected to seek changes in the way the government supervises risk-taking by large companies as well as tougher controls on money-market mutual funds and hedge funds. At a congressional hearing, Geithner is expected to roll out the next piece of his plan for stabilizing the economy, including changes to contain systemic risks. The Wall Street Journal (3/26) , The New York Times (3/25) , MarketWatch (3/26) Big questions remain about Geithner's newest plan The Wall Street Journal (3/26)   News from REITWise 2009    Simon closes $1 billion debt offering Retail-focused Simon Property Group closed its equity and debt offering to its majority-owned partnership subsidiary Simon Property Group LP after selling more than 17 million shares at $31.50 each for a total of around $1.2 billion. GlobeSt.com (3/25) Today is the second day of REITWise™: NAREIT's Law, Accounting & Finance Conference at the La Quinta Resort & Club in La Quinta, Calif. The opening general session will be Staying Alive in the Real Estate and Capital Markets. Don't miss out on the hot topics of the day. Check out the full conference schedule.    Trends in Real Estate Finance & Accounting: Lower your G&A by over 50%... With market rents declining and vacancy increasing, reducing G&A is a top priority. Click here to download a case study and learn how Zenta can immediately lower your company's G&A by over 50%. Zenta offers expertise in Lease Administration, Property Accounting, Due Diligence, and much more. www.zenta.com   ADVERTISEMENT   Capital Markets  Geithner's comments push dollar down against rivals The dollar dropped against most major currencies after Treasury Secretary Timothy Geithner made comments that raised concerns about the currency's status. In response to a question about China's proposal regarding special drawing rights, Geithner said he is open to the idea. He quickly clarified that the dollar is still the world' premier reserve currency. ClipSyndicate/Bloomberg (3/25) , The Wall Street Journal (3/26) , The New York Times (3/25) Analysis: Larger banks to benefit more from troubled-asset plan The Obama administration's plan to remove troubled assets from the balance sheets of banks will likely help larger banks more than smaller lenders, according to this article. The Public-Private Investment Program offers government support to private investors interested in purchasing troubled securities and loans from financial institutions. Large banks are expected to benefit more from the plan because they are more likely to hold assets whose values already have been written down. Reuters (3/25) Troubled-asset plan raises questions about oversight, funding CNBC (3/25)   Investment News  Analysis: Investors use bond spreads to gauge banks' health Investors are watching the difference in yields between bank bonds issued under government guarantee programs and bonds without such backing to judge whether banks are recovering. Reuters (3/25)   Real Estate Marketplace  Commercial loan delinquencies hit 1.8% The delinquency rate on $700 billion of securitized loans backed by commercial properties reached 1.8% this month, according to data from Deutsche Bank AG. The rate, more than double the figure for last September, is approaching the highest number hit in the last recession. The Wall Street Journal/Dow Jones Newswires (3/26) Entertainment complex's developer asks Reno for help Nevada Land, the developer of an entertainment and retail district adjacent to a new baseball park, is asking the city of Reno, Nev., for $10 million to get the project through the economic downturn, and it might get it. "It's kind of like a little stimulus package," said Robert Cashell, Reno's mayor, who supports the idea. The Wall Street Journal (3/25)   Featured Content    The Little Things In A Corporate Culture? Command-and-Control Doesn't Drive Our Economy A Little March Madness Can Be Good For The Workplace No Sale for the Marketing Ambivalent Customer Service Is Easy With Technology And Determination   NAREIT News  Structural issues facing REITs today The Department of Real Estate at Baruch College, CUNY, in conjunction with NAREIT, is hosting a conference on April 1 called Structural Issues Facing REITs in Today's Markets. The purpose of the conference is to present the latest research on corporate governance, earnings management and asset diversification affecting REITs. The event, being held at Baruch's Newman Conference Center, is free, but registration is required and attendance is limited. Track performance of U.S. and global real estate markets Updated daily, the FTSE NAREIT U.S. Real Estate Index Returns and the FTSE EPRA/NAREIT Global Real Estate Index Returns provide index performance data, industry segment returns and comparisons against other major market benchmarks. Learn more about NAREIT ->   Join NAREIT |  Policy & Politics |  NAREIT Events |  Publications   Policy Watch  SEC's Schapiro considers asking Congress for more authority Mary Schapiro, head of the Securities and Exchange Commission, is weighing the idea of asking lawmakers to require hedge funds to register and to give the SEC the authority to regulate municipal bonds and credit default swaps. According to a copy of her testimony that is scheduled for today, Schapiro will tell the Senate Banking Committee that her agency plans to toughen rules regarding money-market mutual funds and harmonize regulations for brokers and investment advisers. The Washington Post (3/25)   SmartQuote  Creativity requires the courage to let go of certainties." --Erich Fromm, German-American psychologist       Subscriber Tools       Print friendly format | Web version | Search past news | Archive | Privacy policy Advertise Sales Account Director:  Abiy Bekele 212-450-7919 Download Media Kit   Read more at SmartBrief.com A powerful Web site for SmartBrief readers including: Breaking News Industry Home Competitor News Readers' Choice Press Releases Search Archive Get this RSS Feed Publish your Press Release       Recent Real Estate Investment SmartBrief Issues: Wednesday, March 25, 2009 Tuesday, March 24, 2009 Monday, March 23, 2009 Friday, March 20, 2009 Thursday, March 19, 2009     Lead Editor:  Sean McMahon Contributing Editor:  Dave Copeland | Devlyn Ray     Mailing Address: SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005     © 1999-2010 SmartBrief, Inc.® Legal Information