Tishman Speyer (placeholder)

Tishman Speyer’s EOP portfolio is in (even more) trouble….word is that the FDIC, who took over ownership of Lehman’s assets, has refused to fund a substantial TI /LC reserve committment Tishman has for tenanting it’s 6 MSF EOP portfolio. It will be tough to get deals done without the capital but I have to believe TSP can reduce thier principal obligations b/c of the FDIC’s unwillingness. Then again, the FDIC might cite breach of technical loan covenants like LTV.
Imagine what rents will do if TSP’s vacancy is essentially removed from the market. Fun times in CRE!

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Jon Stewart slams CNBC: http://www.swamppolitics.com/news/politics/blog/2009/03/jon_stewarts_rant_santelli_reu.html. HILARIOUS

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Jeff Immelt: “It’s not a cycle, it’s a reset.” G.E. CEO on the economy.

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After the Bears’ third game of the 2006 season, I predicted they’d go to the Super Bowl. What I didn’t realize at the time was that the Grossman would eventually be their demise. A hard loss yesterday but they surprised a lot of people by even making it there. A great season to watch.

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Johanna Ericson - CEO SpeedUp Inc.
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Max Mustermann
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Marky Mark
Resizing Box :)

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Random Guy -Random Inc