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Tuesday, June 30, 2009

Public-Private Investment Program (PPIP) to be Unveiled Wednesday

The U.S. Treasury is planning to roll out its long-awaited Public-Private Investment Program (PPIP) plan, aiming to unveil it on Wednesday.

The program is likely to include as many as nine participants. CNBC has confirmed that two firms will be Wilbur Ross's Distressed Real Estate/debt fund and a joint venture between GE Capital and private investor Angelo Gordon & Co. As many as seven other firms will likely participate.

Other firms widely expect to be named include PIMCO and Blackrock. [Read More Here]




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Monday, June 29, 2009

Harvey Green | Marcus & Millichap CEO on CNBC Closing Bell

Harvey Green, Marcus & Millichap's CEO recently appeared with Neal Elkin, Real Estate Analytics on CNBC's Closing Bell to discuss the whether the recent decline in Moody's real commercial property price index is a sign of a bottom in real estate.

Mr. Green emphasizes the importance of differentiating property level performance based on transaction vintage with the highest risk transactions in this cycle having been executed in the late stages of the up-cycle. He also highlights some of the differences of addressing distressed assets in the current environment compared to the early 1990s.














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