Review Mortgage Lenders

Capmark Finance

Commercial Real Estate is in Trouble; Obama Declares Swine Flu Emergency

Capmark Financial near bankruptcy: WSJ Obama Declares Swine-Flu Emergency First Daughters Not Vaccinated ...

Should Failed Malls and Office Parks be Converted Into Green Space?

Jonathan D. Miller ›

A marketing communication strategist who turned to real estate analysis, Jonathan D. Miller is a foremost interpreter of 21st citistate futures – cities and suburbs alike – seen through the lens of lifestyles and market realities. For more than 20 years (1992-2013), Miller authored Emerging Trends in Real Estate, the leading commercial real estate industry outlook report, published annually by PricewaterhouseCoopers and the Urban Land Institute (ULI). He has lectures frequently on trends in real estate, including the future of America's major 24-hour urban centers and sprawling suburbs. He also has been author of ULI’s annual forecasts on infrastructure and its What’s Next? series of forecasts. On a weekly basis, he writes the Trendczar blog for, the real estate news website. Outside his published forecasting work, Miller is a prominent communications/institutional investor-marketing strategist and partner in Miller Ryan LLC, helping corporate clients develop and execute branding and communications programs. He led the re-branding of GMAC Commercial Mortgage to Capmark Financial Group Inc. and he was part of the management team that helped build Equitable Real Estate Investment Management, Inc. (subsequently Lend Lease Real Estate Investments, Inc.) into the leading real estate advisor to pension funds and other real institutional investors. He joined the Equitable Life Assurance Society of the U.S. in 1981, moving to Equitable Real Estate in 1984 as head of Corporate/Marketing Communications. In the 1980's he managed relations for several of the country's most prominent real estate developments including New York's Trump Tower and the Equitable Center. Earlier in his career, Miller was a reporter for Gannett Newspapers. He is a member of the Citistates Group and a board member of NYC Outward Bound Schools and the Center for Employment Opportunities.

Capmark Financial files for bankruptcy

NEW YORK (Reuters) - Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, wiping out the investment of several private equity firms including Kohlberg Kravis Roberts & Co [KKR.UL.

Capmark, which was created in March of 2006 through a leveraged buyout of the commercial real estate assets of General Motors’ finance arm GMAC, had said earlier this year that it might file for bankruptcy.

The company said in a statement the move was due to conditions in the financial and commercial real estate markets and a lack of available capital.

Capmark said that it has been negotiating the terms of the bankruptcy with its creditors, which include banks Citigroup and JPMorgan Chase among others. It has also been in talks with the Federal Deposit Insurance Corp. because of the Utah-based bank it owns.

Capmark Bank is not part of the filing, the company said. Capmark Investments, Capmark Securities and its Asian, Indian and European units are also not in the bankruptcy, it said.