Distressed debt investors heading to Europe and call centers providing an economic boost
Apr 26, 2013
Here’s what you may have missed this week:
National Real Estate Investor: Distressed debt buyers eye European market
Investors chasing yields are turning their sights to the European market, where a large quantity of distressed commercial real estate debt is coming to the market. Experts state that on the whole, the European debt market is in the same stage as the U.S. market was in 2009, and Europe is just starting to resolve its loans. Investors are initially looking at Ireland, Germany, and the United Kingdom, but Spain and Italy are supposed to attract investors in the coming months. Read more about this international trend at National Real Estate Investor.
Dallas Business Journal: DFW sees influx of U.S. call center, office inquiries
North Texas is attracting more than 10,000 jobs in the call center and back office operations industry segment, leading to the absorption of 3.5 million square feet of space in the past year. Head over to the Dallas Business Journal to read more about this fast-growing economic sector.
The Miami Herald: Port executives say a funding gap for port upgrades could hurt U.S. competitiveness
The American Society of Civil Engineers gave U.S. infrastructure a grade of D+ while our ports received a C. At the recent Port & Intermodal Finance & Investment Summit in Miami, panelists discussed how the U.S. can try to catch up to the rest of the world in regards to infrastructure. To see how U.S. infrastructure stacks up, head over to The Miami Herald.
The Wall Street Journal: Congress looks at REIT tax exemption
Congress is examining tax codes of REITs, specifically the generous tax exemptions they have enjoyed for years. Many industry insiders, however, suggest that this is just a formality of Congress’ review of tax codes, as the Treasury is not set to benefit from reversing REITs’ tax exemption status. See how REITs are coming under scrutiny at The Wall Street Journal.