TITLE

BB&T Takes a Stand

AUTHOR(S)
Vadum, Matthew
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/30/2006, Vol. 355 Issue 32308, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that BB&T Corp. decided that it will not make loans to private developers anywhere in the nation intending to construct commercial projects on land seized from private owners in Washington. According to John Allison, chairman of the North Carolina-based bank, the idea that a citizen's property can be taken by the government solely for private use is extremely misguided.
ACCESSION #
19752224

 

Related Articles

  • Creative combination. Duggan, Daniel // Crain's Detroit Business;Fall2008 Living and Investing, Vol. 24 Issue 32a, p39 

    The article reports that though lending markets continue to be a national problem for real estate projects, commercial developers in Detroit, Michigan, are relying on creative financing programs and public funding to keep things moving. Public financing through federal, state and local programs...

  • Commercial builders take it on the chin. Gallun, Alby; Baeb, Eddie // Crain's Chicago Business;4/28/2008, Vol. 31 Issue 17, p16 

    The article reports that the local commercial building industry of Chicago, Illinois, performed moderately in the first quarter. According to McGraw-Hill Construction, a unit of McGraw-Hill Cos., non-residential construction starts totaled $731 million in the first quarter, a 60% drop from the...

  • Real Estate.  // MEED: Middle East Economic Digest;7/10/2009, Vol. 53 Issue 28, p31 

    The article offers news briefs related to the real estate development industry of Middle East region. The real estate developers of Middle East are building more affordable homes in the region. Commercial real estate developers are re-evaluating their designs to cut costs and offer a broader mix...

  • BB&T has low view of high court's ruling. Martin, Edward // Business North Carolina;Mar2006, Vol. 26 Issue 3, p20 

    Discusses the highly publicized stand of BB&T Corp. against eminent domain. Comments on the BB&T CEO John Allison's announcement that the bank would not lend money to developers that used government's power of eminent domain to seize a homeplace; Factor attributed to the action by BB&T; Views...

  • Just Say No. Forbes, Steve // Forbes Asia;2/27/2006, Vol. 2 Issue 3, p10 

    The article focuses on the policy of financial holding company BB&T that it would no longer make loans to developers for private projects on land that was previously privately owned and was acquired under eminent domain provisions. The policy comes in the wake of the U.S. Supreme Court's...

  • Is CRE Taking Wing? Kuehner-Hebert, Katie // Independent Banker;May2014, Vol. 64 Issue 5, p58 

    The article discusses the recovery of commercial real estate (CRE) after the financial crisis in the U.S. in 2008. It states that the CRE lending is regaining, particularly in the areas of the nation experiencing the greatest job growth. According to several commercial lending advisors, CRE...

  • SLOW RECOVERY. Russell, Jonathan // Estates Gazette;11/24/2007, Issue 747, p106 

    The article reports on the slow recovery of real estate developers from the financial crises in the commercial property market in Great Britain. It relates how HSBC was unable to offload its debt incurred in facilitating a deal for its headquarters in Canary Wharf, London, England. Real estate...

  • CHAPTER 14: COMMERCIAL REAL ESTATE LOAN DOCUMENTS. Fisher, Steven D. // Commercial Real Estate Investor's Handbook;2007, p129 

    Chapter 14 of the book "Commercial Real Estate Investor's Handbook" by Jay Strike Carlin is presented. It has been suggested that commercial real estate developers must avoid vague or general conditions in the loan application because this will allow the lender to away from the deal. A loan...

  • Builders Scale Back. Hoffman, William // Traffic World;10/27/2008, Vol. 272 Issue 73, p14 

    The article reports on the strategy used by U.S.-based commercial real estate developers to adjust to a new financial services environment following the September 2008 credit crisis and the U.S. and European bank bailouts. San Francisco, California-based AMB Property Corp. plans to scale back...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics