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March 5, 2010
Citigroup Center … Ouch
View Larger Map SFBT excerpt: Citigroup Center going back to lender Broadway Partners is preparing to hand One Sansome St. back to Prudential Real Estate Investors, the latest in a series of highly leveraged downtown San Francisco owners who are voluntarily giving distressed properties back to the lender. In late March, Prudential will take title to the 550,000-square-foot tower, [...]Posted by jesse on 5 March 2010 | 2:12 pm
Nik (about me)
A brilliant article explaining our current situation and how we got here by Matt Taibbi of Rolling Stone, a must read: The Big Takeover
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December 29, 2009
2010: Where Do We Go Now?
This year has been nothing short of magical for the stock market - the S&P is up 25% year to date and and a whooping 67% since March 9th. The American economy is out of the worst slump it’s been in since the Great Depression, with many journalists calling the past two years the [...]Posted by Nik on 29 December 2009 | 12:01 pm