August 2009

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Beige Book: Economic decline slows in Eighth District

Submitted by jbonica on Mon, 08/03/2009 - 16:46

Bubblenomics

The economy in the Federal Reserve’s Eighth District is showing signs that its free fall is slowing. That said, it’s still in decline.

Based on the Beige Book’s anecdotal information the Reserve’s economists gathered, the manufacturing and service sectors contracted but at a slower pace. Residential and commercial real estate continued to be weak while retailers and auto dealers reported mixed activity.

Manufacturing again reported declines in activity but at slower pace from the June report.

Opus a symbol of commercial real estate industry travails

Submitted by jbonica on Mon, 08/03/2009 - 16:23

Bubblenomics

by Burl Gilyard Staff Writer

Like the steady drip-drip-drip of a leaky faucet, bad news just keeps emerging from Minnetonka-based Opus Corp.

The privately held, family-run company, one of the nation’s best known commercial real estate firms, has traditionally been seen as a titan of commercial real estate – a locally based developer and merchant builder with national muscle.

Lately, though, the company has come to represent the massive problems faced by that industry.

Commercial real estate still weakening as overall economic decline stabilizes: Fed report

Submitted by jbonica on Mon, 08/03/2009 - 16:21

Bubblenomics

Two thirds of the Federal Reserve districts across the U.S. reported weakening activity in commercial real estate despite a moderated or stabilized pace of decline in the overall economy, according to a report issued by the Federal Reserve today.

The latest report, known as the ‘Beige Book’, summarized information received by Federal Reserve branches on or before July 20. Information comes from business and other contacts outside the bank and is not commentary on the views of the Fed’s officials.

The report said the economy was still weak going into the summer.

Economic activity:

Real estate woes threaten Oregon state pension fund

Submitted by jbonica on Mon, 08/03/2009 - 16:18

Bubblenomics

By Ted Sickinger, The Oregonian , July 29, 2009

The stock market is showing signs of life, and the housing market's plunge may even be bottoming out. But when it comes to commercial real estate, things are bad and about to get worse, according to consultants for Oregon's state pension fund.

The implications are potentially ominous, not only for the Oregon Public Employees Retirement Fund, which has pumped billions of state employees' retirement dollars into a market that looks increasingly wobbly, but for the commercial property markets around the Northwest.

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August 2009

Beige Book: Economic decline slows in Eighth District

Opus a symbol of commercial real estate industry travails

Commercial real estate still weakening as overall economic decline stabilizes: Fed report

Real estate woes threaten Oregon state pension fund

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