IN THIS ISSUE:
DEALS UPDATE
*Apartments, fractured condo project in California trade for $17 million
*Luxury apartment complex in Torrance sells for $28 million in receiver's sale
*Florida lenders and developers reach agreements on troubled real estate projects
*LA apartment complex sold out of foreclosure for $20 million
*Santa Ana building sells for $31 million, sold for $83 million in '07
*Starwood Capital wins rights to Corus Bank assets valued at $2.77 billion
EQUITY AND FINANCE UPDATE
*Australia's Future Fund invests $4 billion in distressed assets
*CIT Files Bankruptcy; U.S. Unlikely to Recoup Money
*Santa Fe Springs industrial building gets $13 million refinancing
*Nashville West retail center restructures $90 million debt deal
*CIC invests $2 billion in distressed asset-focused Goldman fund
GOVERNMENT & ANALYSIS
*FDIC releases guide on prudent commercial real estate workouts
*White House announces steps to channel loans to small businesses
*Bank regulators to start pushing banks toward CRE loan workouts
*FDIC chair says secured creditors should pay for failures
Please see full publication below for more information.