29 Jul
Member News

New Jersey Office/Industrial Portfolio Sent to Special Servicing

According to an email from Fitch on Tuesday, the $80.3 million Atlantic Development Portfolio loan has been sent to special servicing. The note makes up 4.15% of the collateral behind JPMCC 2005-LDP5. Servicer comments indicate that the loan is backed by eight properties spread across Warren and Somerset, New Jersey, but one of the properties may have been released. The original five offices and three industrial properties totaled 902,237 square feet but servicer notes indicate that the portfolio is now just under 800,000 square...

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29 Jul
Chapter News

Press Briefing with the IMF Managing Director Christine Lagarde

Participants: Christine Lagarde, Managing Director, IMF & Gerry Rice, Director, Communications Department, IMF MR. RICE: Good morning, everyone. And welcome to this Press Briefing here, at the International Monetary Fund. Delighted to welcome you this morning, and we looked at this as an opportunity to give you the chance to ask some questions to the Managing Director of the IMF, Madam Christine Lagarde. Good morning, Madam Lagarde. MS. LAGARDE: Good morning, Gerry. MR. RICE: Who with us this morning. And also it's...

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28 Jul
Chapter News

Commission launches the EU Strategy for the Alpine Region

Today the Commission officially launched the EU Strategy for the Alpine Region (EUSALP), the fourth EU macro-regional strategy. More than70 million citizens will reap the benefits of a closer cooperation between regions and countries in terms of research and innovation, SME support, mobility, tourism, environmental protection and energy resources management. This macro-regional strategy concerns seven countries; five Member States - Austria, France, Germany, Italy and Slovenia - and two non-EU countries - Liechtenstein and Switzerland - overall involving 48 regions. Commissioner...

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28 Jul
Chapter News

Commission modernises EU customs procedures

The European Commission has adopted today a legal act to create a simpler, more modern and integrated EU customs system to support cross-border trade and provide for more EU-wide cooperation in customs matters. It builds on the Union Customs Code adopted in 2013, which sets out detailed rules for twenty-first century customs processes. Customs services play a central role in policing the EU’s external borders and in facilitating trade. The customs union is the operational arm of much of the...

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27 Jul
Chapter News

Opening a new Chapter for Data Protection

Today, as the European Data Protection Supervisor sent his recommendations to the EU co-legislators negotiating the final text of the General Data Protection Regulation (GDPR), he launched a mobile app to compare the latest texts from the Commission, the Parliament and the Council more easily on tablets and smartphones. Giovanni Buttarelli, EDPS, said: “Privacy and data protection matter more than ever to people. For the first time in a generation the EU has an opportunity to modernise, harmonise and simplify...

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25 Jul
Chapter News

IMF Executive Board Consultation on Euro Area Policies

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with the Euro Area. The recovery is strengthening, driven by rising domestic demand and supported by lower oil prices, the ECB’s quantitative easing under the expanded asset purchase program, and a weaker euro. The improving sentiment, rising inflation expectations, and easing credit conditions suggest that the recovery is likely to continue in the near term. In this context, euro area GDP is expected to accelerate from...

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23 Jul
Chapter News, News

ECB and partners sign memorandum of understanding on new €20 banknote

The European Central Bank today signed a memorandum of understanding (MoU) with European industry associations, banknote equipment manufacturers and other partners. This strengthens the ECB’s Partnership Programme, which contributed to the smooth introduction of the new €10 banknote in 2014. The signatories of the MoU agree to do everything in their capacity to ensure that banknote handling machines, vending and ticketing machines and authentication devices will accept the new €20 banknote by 25 November 2015, the day the new notes...

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22 Jul
Member News, News

Residential Real Estate Valuation Model Contest

Real estate valuation modeling (specification and calibration) has evolved significantly in the past 40 years. To demonstrate the current statistical quality and variety of valuation model structures, the GIS/CAMA Technologies Conference organizers, International Association of Assessing Officers (IAAO) and Urban and Regional Information Systems Association (URISA) and sponsor, NCSS, LLC, are supporting the Residential Valuation Model Contest. IPTI, the International Property Tax Institute, a member of the EACCNY is asking beginner-to-expert volunteer modelers to provide their talents for the competition....

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22 Jul
Chapter News

Investment Plan for Europe: European Fund for Strategic Investments ready for take-off in autumn

Today the European Commission has put the final building blocks in place to kick-start investment in the real economy. A package of measures agreed today will ensure that the European Fund for Strategic Investments (EFSI) is up and running by early autumn 2015, keeping the ambitious timetable set by President Jean-Claude Juncker to implement the Investment Plan for Europe. The Commission has just published a Communication on the role of National Promotional Banks (NPBs) in supporting the Investment Plan for...

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