commercial real estate troubles begin in usa big time. TALF to accept CRE securities!

bubblesmoney

Under today's announcement, the Federal Reserve Bank of New York will lend up to $200 billion to eligible owners of certain AAA-rated ABS backed by newly and recently originated auto loans, credit card loans, student loans, and SBA-guaranteed small business loans.

On February 10, 2009, the Board and Treasury announced an expansion of TALF to include new asset categories that could generate up to $1 trillion in new lending. Teams from the Treasury Department and Federal Reserve are analyzing the appropriate terms and conditions for accepting commercial mortgage-backed securities (CMBS) and are evaluating a number of other types of AAA-rated newly issued ABS for possible acceptance under the expanded program.

http://www.federalreserve.gov/newsevents/press/monetary/20090303a.htm

<H1>Real estate woes seep into malls, office towers

The Treasury readies $1 trillion to buoy faltering properties.

</H1>

The goal, he said, is to head off a “looming crisis” that could spread far beyond “For Rent” signs and shuttered mall shops. For now, commercial delinquencies are few. But office vacancy rates are heading toward record levels, according to one estimate, and banks are exposed, with $1.72 trillion in commercial real estate loans outstanding as of Feb. 18.
Just as significant, many insurance companies and pension funds have invested in real estate, putting them at risk, as well.

http://features.csmonitor.com/economyrebuild/2009/03/09/real-estate-woes-seep-into-malls-office-towers/

green shoots, looks more like drum roll for the jumping off the cliff to me !

does any one have any info about CRE in the uk and how it is faring?