30 Apr
Chapter News, News

Speech by President Barroso at the US Chamber of Commerce

Many thanks Tom for your introductory remarks. We met recently in Brussels in the headquarters of the European Union and I am happy that I can now reciprocate your visit and meet you here in DC at your headquarters. I am also very pleased to be here with all of you today for a conversation about how we can strengthen transatlantic relations from both a political and economic perspective. The US Chamber of Commerce representing more than 3 million businesses is...

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29 Apr
Member News, News

The Netherlands: New investment opportunities for major wind projects

The Dutch government is currently taking major steps towards the development of large offshore and onshore wind projects. For offshore wind, 3450 MW of power will be put out for tender during the period 2015-2019, divided across ten to twelve projects. The government is offering grants to the tune of € 18 billion. In addition, work is underway on establishing robust spatial legislation to ensure rapid clarity on the locations of the new projects. This legislative operation should mean that...

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29 Apr
Chapter News, News

T-TIP Myths and T-TIP Realities

The United States Embassy in Germany recently published a piece that attempts to debunk some of the myths surrounding TTIP, including the notion that TTIP negotiations are being conducted in secrecy and that large corporations will be the only benefactors if an agreement is reached. In reality, several elements of the negotiations have already been made public; and moreover, small businesses will likely reap the greatest benefits from TTIP. MYTH: T-TIP negotiations are happening in secret and the agreement will...

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28 Apr
Member News, News

SEC Issues Cybersecurity Initiative Risk Alert

On April 15, the U.S. Securities and Exchange Commission (SEC)’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert on its Cybersecurity Initiative.1 The Alert is intended to provide additional information concerning the SEC’s initiative to assess cybersecurity preparedness in the securities industry, including broker-dealers and investment advisers. The SEC has been increasingly focused on cybersecurity issues, beginning with its Cybersecurity Disclosure Guidance issued in October of 20112 and most recently with its Cybersecurity Roundtable.3 In its Alert,...

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23 Apr
Chapter News, News

When solar turns 60 and grid parity becomes reality

By Elaine Hsieh, Program Director & Senior Analyst - VERGE Just as we celebrate Earth Day’s 44th year this week, Friday marks the 60th anniversary of the first practical solar cell. Back in 1954, all the solar cells in the world delivered about one watt. Now, more than 100 billion watts (a.k.a. 100 gigawatts) of generating capacity of solar photovoltaics have been installed globally. Also this year, solar reaches the Holy Grail: grid parity, when solar panels generate electricity at...

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22 Apr
Chapter News, News

April 2014: Flash EU Consumer Confidence Indicator is Up

In April 2014, the DG ECFIN flash estimate of the consumer confidence indicator increased in both the EU (by 0.8 points to -5.8) and the euro area (by 0.6 points to -8.7) compared to March. Computation of Flash CCI To compute the flash consumer confidence indicator for the EU and euro area, DG ECFIN uses the data available on the cut-off date. The estimation procedure combines historical data with information from those Member States for which data are available in the...

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22 Apr
Chapter News, News

$700 million in incentives from New York State!

Spring into Action!   Starting next month, New York businesses will be able to take advantage of Governor Cuomo's next round of economic incentives. Over $700 million will be available through a competitive application process. Awards will include: • capital grants for major projects meeting a region's economic goals • tax credits for up to 10 years for qualified businesses creating jobs or making significant investments in their space or machinery • energy benefits • grants to alleviate stormwater runoff (eg, for green roofs, bioswales) • grants...

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21 Apr
Member News, News

New York, New York: Formerly Defaulted Loan Refinances; Office Loan Defeases; Downtown Office on the Block

April data show that the $133 million Three Borough Pool paid off with a small loss. A Wall Street Journal article and a Barclay's note also alerted us to the refinancing of the previously delinquent loan backed by 42 multifamily buildings across Manhattan, Brooklyn and The Bronx. New York Attorney General Eric Schneiderman and the owners of the pool, Normandy Real Estate and Westbrook Partners, came to a settlement which allowed the refinancing to be finalized. The loan had been delinquent since 2011 when conversions...

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17 Apr
Chapter News, News

FACT SHEET: EU-Ukraine Relations

Brussels, 17 April 2014 || The European Union is currently focusing its efforts on  de-escalating the crisis in Ukraine. The EU calls on all sides to continue engaging in a meaningful and inclusive dialogue leading to a lasting solution; to protect the unity and territorial integrity of the country and to strive to ensure a stable, prosperous and democratic future for all Ukraine's citizens. The EU has also proposed to step-up its support for Ukraine's economic and political reforms. A priority...

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17 Apr
Member News, News

TREPP, LLC: New Jersey RE Loans Update

Borrower Gives Up on Newark Hotel April commentary from the special servicer handling the $53.8 million Sheraton at Newark International Airport revealed the borrower is not interested in a modification, but will cooperate with a foreclosure. (A Commercial Real Estate Direct piece tipped us off to the note.) The loan, which backs 2.4% of JPMCC 2006-CB17, was transferred to special servicing last month and is now listed as 90+ days delinquent. The Sheraton at Newark International Airport loan is backed by a 504-unit, full service hotel...

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