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real estate News Archive 30-Sep-2008
German Stocks Drop Most in Eight Months; Hypo Real Estate Sinks (Bloomberg)Sept. 29 (Bloomberg) -- German stocks fell the most in eight months after the government and a group of banks had to bail out Hypo Real Estate Holding AG with a 35 billion-euro ($50 billion) loan guarantee.
Hypo Real Estate secures major credit line (AP via Yahoo! Finance) Hypo Real Estate Holding AG became the first German blue-chip company to seek a bailout in the global financial crisis, securing a line of credit of up to $51.2 billion aimed at shielding Germany's No. 2 commercial property lender as the financial crisis expanded to Europe.
Hypo Real Estate Gets $50 Billion in Emergency Credit (Update1) (Bloomberg)Sept. 29 (Bloomberg) -- Hypo Real Estate Holding AG , Germany's second-biggest commercial-property lender, will receive a 35 billion-euro ($50 billion) loan guarantee from the government and a group of banks to save it from potential collapse.
Hypo Real Estate Posts Record Drop After Credit Line (Update1) (Bloomberg)Sept. 29 (Bloomberg) -- Hypo Real Estate Holding AG , Germany's second-biggest commercial-property lender, fell the most in five years after saying it secured a ``multi-billion-euro'' credit line to shield itself from financial-markets turmoil.
Hypo Real Estate Secures Credit, Plans Dividend Cut (Update2) (Bloomberg)Sept. 29 (Bloomberg) -- Hypo Real Estate Holding AG , Germany's second-biggest commercial-property lender, plans to scrap its 2008 dividend after securing a ``multi-billion-euro'' credit line to shield itself from turmoil on financial markets.
Around Town: In the real estate typhoon, Pittsburgh holds steady (Pittsburgh Post-Gazette)The Pittsburgh real estate market is tough to pigeonhole.
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