Wednesday
Mar102010
Site Update: No Posting Today
My apologies for the lack of publishing so far today. It's my birthday and I'm taking the day away from the site. Hope everyone has a great day.
Mar 10, 2010 at 4:51 PM
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Reader Comments (13)
Pension Funds, Commercial Property OR BOTH!!!!!
Silverstein May Default on Debt for 575 Lexington (Update1) Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Brian Louis and David M. Levitt
March 10 (Bloomberg) -- New York developer Larry Silverstein, who teamed with the California State Teachers Retirement System to buy a 35-story office tower in 2006, now faces “imminent default” on debt tied to the property, Fitch Ratings said today.
Silverstein and Calstrs paid $400 million for the Manhattan building near the height of the U.S. property boom. A loan balance of $325 million was transferred to so-called special servicing today, Fitch said.
GET READY, IT IS GOING TO BE UGLY!!!
Another interesting doctrine of Zoroastrians, which is frequently mentioned in Gatha, is denunciation of laziness. Laziness and taking advantage of the products of others toils is strongly reproached as the act of oppression. Everybody should take it upon himself/herself to relieve the oppressed people from exploitation by others. Everybody should subsist by the fruits of his/her own labor.
No more celebrations as a supreme hunter gatherer at the fast food restaurant, or the grocery store "garden", or exploited labor for you buddy...
Though I am happy you have had your inner awakening, may it bring you peace and prosperity...
so my congrats to you,
along with a big THANK YOU,
for all the things you do.
Today forget Tim Geithner,
and fuck Obama too!
Paulson and the rest of them,
can also use a screw.
For this day is your birthday,
go out, refresh your soul!
tomorrow we'll come back again,
..back to all these assholes.
Your attention to detail is, well, sad. There is meaning but it is most likely beyond your abilities.
"Another bullseye DB'sIC, sometimes it is too easy for you!
March 9, 2010 Zarathustra"
If it works for you, I guess it is important...
It is 5 am, gotta go, the bacon is calling...
pork is my second most favorite vegetable, besides beer...
-------------
thanks for the birthday wishes including those who sent emails...and for the lymrick from RLR...gave me a laugh...
Happy Bday my man..I missed your bday yesterday!! Great job on your work here!
also Zara,
I have been following the developers stories in both New York and Los Angeles very very closely and the development that is happening right now is one of a kind. The Chetri family in NY, the Moinian Family in NY, and who could not mention The Meruelo family in Florida and Los Angeles. These retards bought every building they could get their hands on from 2004-2007. And these people were 30 year vets of this business that have gone through many up and down cycles. How could these retards not call the 2007 real estate bubble?? it really amazes me...
BTW how are the boys at the CIA these days . I see you are more into your work than ever.
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