Real estate loans spur Irish recession (UPI) DUBLIN, Ireland, Oct. 6 (UPI) -- A move by the Irish government to guarantee all $550 billion of the country's bank deposits is a consequence of reckless real estate lending, analysts say.
Analysts cautious commercial real estate outlook (AP via Yahoo! Finance) -- A prolonged downturn in commercial real estate appears more likely due to the national credit crunch and higher funding costs and equity requirements for real estate investment trusts, Goldman Sachs analysts said Monday.
Japan Stocks Fall on Hypo Real Estate Bailout, U.S. Job Losses (Bloomberg)Oct. 6 (Bloomberg) -- Japan's stocks fell as the biggest U.S. loss of jobs in five years and a bailout of Hypo Real Estate Holding AG fueled concern that a $700 billion bank rescue plan will fail to stem the global credit crisis.
Real estate big busted for drugs (New York Daily News)A multimillionaire Manhattan real estate mogul is set to appear in a Westchester courtroom Monday to face drug charges after he was busted with a cache of pills and cocaine.
