There aren't enough loans being made to small businesses, writes Scott Shane of Case Western Reserve University. "Federal Reserve Chairman Ben Bernanke ... needs to get the banks to loosen up their lending standards if he wants [to] bring the small business credit market to the right temperature," he writes. But it's also important to avoid making credit too easy to get, which creates its own problems, he writes.
Brookfield Office Properties has secured an $800 million refinance package from the Bank of China for one of its Manhattan office properties. The transaction is indicative of the growing clout China's lenders have in the U.S. commercial real estate industry. The $800 million loan is one of the largest made since the downturn.
Inland Diversified Real Estate Trust purchased a retail center in Shreveport, La., for $43.5 million. The 363,167-square-foot Regal Court Shopping Center, which Inland acquired from the developer, is anchored by Kohl's, J.C. Penney and Dick's Sporting Goods.