Blog

Author:
Michael Alter
Posted:
03.12.2009

Nothing Succeeds Like Success

Tuesday, March 10’s 379.44 stock market spike – the best finish since Thanksgiving – came on the heels of Citigroup, Inc.’s news that it had made a healthy profit during the first two months of 2009.  At the end of the day, the stock market had soared to a 6,926.49 close. So, what did it?  […]

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Author:
Richard Gatto
Posted:
02.25.2009

Got Lemons? Make Lemonade

Amidst all the depressing economic news of late, it’s like a breath of spring when a related news article elicits a hearty laugh. The rage of this week’s 2009 Toy Fair at New York City’s Jacob Javits Convention Center was the Smash-Me Bernie doll, a $99.95 devil-suited, pitchfork-wielding effigy of legendary swindler Bernard Madoff.  The […]

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Author:
Michael Alter
Posted:
12.22.2008

How Will President Obama Impact Commercial Real Estate? Part 2

So what to make of President-Elect Obama’s progressive economic policies?  What his critics miss are some of the most intriguing features of his plan — providing companies with tax credits for hiring new employees; raising the investment expensing limit for small businesses; eliminating the capital gains rate for investing in small businesses; and the massive […]

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Author:
Michael Alter
Posted:
12.18.2008

How Will President Obama Impact Commercial Real Estate? Part 1

With change expected to begin in Washington, D.C., on January 20, 2009, the commercial real estate industry is bracing itself for the incoming Obama administration and the 111th Congress.  CoStar Advisor recently polled commercial real estate professionals on the top issues of the first 100 days.  The resulting list includes such policy issues as saying […]

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Author:
Michael Alter
Posted:
11.07.2008

Fed Chairman Bernanke Takes Steps to Restart the Economy

Ben Bernanke has spoken.  The Fed chairman and the Federal Reserve moved recently to stimulate the economy when the policy-making committee cut the federal funds rate – the rate at which banks lend to each other – to just one percent.  This represents a half percentage point cut from the previous 1.5 percent rate.  By […]

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Author:
Michael Alter
Posted:
10.22.2008

Paul Volcker: U.S. Is in a Recession

“It’s not going to be a problem in the short run.  Inflation doesn’t flourish in the face of recession,” said Paul Volcker, who served as chairman of the Federal Reserve from 1979 until 1987.  “It’s something we have to worry about when we get out of this recession.  I have been around for a while.  […]

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Author:
Richard Gatto
Posted:
10.02.2008

Lenders Get Green

Marketing green is a new step in the emergence of sustainability.  In a tight credit environment when rates have climbed and LTVs have dropped, green may offer a way to ease the underwriting criteria on a deal. The green-building revolution is spreading, and the underwriting community has embraced sustainable design because it enhances marketability and […]

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Author:
Richard Gatto
Posted:
09.03.2008

Economy Grows 3.3 Percent During 2Q

Contrary to the recent grim news about home foreclosures, bank failures, the credit crunch, rising unemployment rates, soaring oil prices, inflation and stock-market jitters, the United States’ economy — surprisingly — grew by 3.3 percent during the second quarter of 2008. The economy grew at its fastest pace in nearly a year, thanks primarily to […]

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Author:
admin
Posted:
04.23.2008

Branding the Candidates

As an avid follower of presidential politics since the age of six, this year’s protracted primary process has been interesting.  The talking heads’ endless dissection of every policy statement; speculation as to which of the all-powerful super-delegates will back whom; the endless round of debates; the questions of who made the best impression.  One of […]

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Author:
Michael Alter
Posted:
03.19.2008

Welcome

Dear Friends, Welcome to Alter NOW, our company’s brand new blog. We hope you’ll find it informative as we set out to chronicle the important trends underway in our industry. We hope to keep this free from sales and marketing language and simply use it as a way to start a dialogue with the stakeholders […]

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