Erica Edmond's (edmondrealty) Blog

Nov 12, 2008 By: Adam Perrotta, News Writer Jeffrey Schwartz, CEO & chairman of Denver-based global industrial real estate giant Prologis, will resign from his position after nearly four years at the helm. Schwartz (pictured) will be replaced as CEO by current Prologis president & COO Walter Rako...

Nov 12, 2008 By: Suzann D. Silverman, Editor-in-Chief There is a silver lining for corporate real estate departments in the current economic crisis, according to participants in the second CoreNet Global-CPN Corporate Real Estate Roundtable, which took place yesterday during the CoreNet Global Fa...

SAN FRANCISCO (MarketWatch) -- Gold futures headed lower for a second straight session Wednesday, dropping as much as $18 an ounce to revisit levels not seen in more than two weeks, as the dollar rose against most other major currencies. Gains in the U.S. currency put some pressure on demand for ...

By Myra P. Saefong & Polya Lesova, MarketWatch SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell below $58 per barrel Wednesday morning, ready to extend their decline to a second session as concerns about a sharp slowdown in demand pushed prices to a fresh 21-month low. "This market just keep...

KANSAS CITY -(Dow Jones)- U.S. commodity markets slid to hefty losses Tuesday on worries the global economy will continue to soften and weaken demand, despite global efforts to prevent a worldwide recession. Basis December futures contracts, crude oil and copper are down 5%, gold is off 2%, cotto...

By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) - Gold ended sharply lower on Tuesday amid broad commodity weakness triggered by a higher dollar and a tumbling stock market, but a deepening financial crisis should support bullion in the long term. "Gold may likely retest its recent lows," ...

CFTC head calls for new regulatory regime By MARCY GORDON – 54 minutes ago WASHINGTON (AP) — The head of the federal agency that oversees commodities trading wants to replace it and the Securities and Exchange Commission with three new regulators to better deal with an increasingly complex financ...

In a deal with the U.S. Treasury and the Federal Reserve Board, American International Group Inc. (AIG) restructured the government’s financial support with the U.S. Treasury purchasing $40 billion of newly issued AIG preferred shares under the Troubled Asset Relief Program. This purchase will al...

Private equity investment firms acknowledge that only 1 in 200 deals in the proverbial pipeline are closed. There are many reasons why this is so: (a) lack of cooperation in due diligence, (b) 84% lack a prepared business plan, (c) likelihood of project already "combed" for years -- like Gisser.c...

Gold Is Still in an Uptrend Gold is in an uptrend no matter which of the major currencies you look at. Here are charts of several major currencies as of Friday's close, which has added significance because it was also the end of a month. Day-traders and ‘scalpers' normally don't carry positions ...