Apparently waiting until the markets closed this afternoon, the feds seized control of IndyMac Bank, one of the largest S&Ls in the nation with over $32 billion in assets.   IndyMac is by report the second largest bank to fail in the nation, topped only the Continental Illinois National bank and trust company ($40 billion, 1984). 
The […]

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Wow, what a difference twenty-four hours can make. 
You’d have to be hiding under a rock today to not know that Fannie and Freddie’s free-fall has not slowed, but in fact picked up steam today.  I’d venture the lunch of your choice at our favorite outdoor eatery here in Bozeman today (The Garage) that you’re probably not […]

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Economic development updates for Wichita Falls covering recent months include:
N.E.W., a administrator of extended service plans for consumer products, is looking to hire 150 to 200 people for their work-at-home program.  The company already has over 200 employees in the Wichita Falls area, and plans to keep hiring throughout this year.
Technorati Tags: redfish emerging markets, […]

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Economic development updates for Wilmington covering recent months include:
GE Hitachi Nuclear Energy Americas LLC is expanding their operation outside of Wilmington.  The expansion will include new manufacturing, training, simulation and testing facilities.  Over 900 new jobs will be created over the next five years.
Technorati Tags: redfish emerging markets, north carolina market news

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Yesterday we took a look at multifamily markets around the country with the highest Class C multifamily cap rates. 
Several readers emailed in reports of caps over 12 (or higher) in some markets around the country, typically war zone Class C units.  Please note that the data we’re sharing is intended to represent the average […]

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“Better to slip with the foot than with the tongue.” – English Proverb
Technorati Tags: real estate quote of the day

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