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Search resuls for: "John Murray"


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"The real wave of distress is just starting" for commercial property debt, Pimco's John Murray told Bloomberg. He warned that bank failures could jump amid high exposure to commercial property loans. AdvertisementA "very high" concentration of distressed commercial real estate loans will be drive another spate of bank failures, Pimco's global head of real estate, John Murray, told Bloomberg. "The real wave of distress is just starting," Murray said. Ever since interest rates spiked two years ago, heavy attention has been paid to commercial real estate as doubt grows over property owners' ability to refinance debt.
Persons: Pimco's John Murray, , John Murray, Murray Organizations: Bloomberg, Service, Business
Port Canaveral announced new plans to build a seventh cruise terminal by 2026. But Port Canaveral is running out of space as demand for these vacation voyages continues to skyrocket. When complete, it could accommodate the world's largest cruise ships, including Royal Caribbean's new 1,198-foot-long, 9,950-person-capacity Icon of the Seas. The project would've taken three to four years to complete — too long a timeline for Port Canaveral. "We can't shut down operations at Port Canaveral because the state can't get the road infrastructure in a timely manner," he added.
Persons: , John Murray, Murray, Royal Caribbean's, Brittany Chang, Ross Klein, UCG, Jamie Glasner, Glasner Organizations: Canaveral, Infrastructure, Service, Disney, Sunshine State, Port Canaveral, Canaveral Port, Royal, Business, MSC Group, Disney Cruise, Memorial University of Newfoundland, Glasner, US Customs, Border Protection, Florida Department Locations: Florida, Miami, Canaveral, Port Canaveral, Port, Caribbean
Singer Harry Belafonte speaks during a press junket at The Bing Decision Maker Series with the “Sing Your Song” Cast and Filmmakers on January 22, 2011 in Park City, Utah. American singer Harry Belafonte performing in a recording studio, circa 1957. By the early 1960s, Belafonte had become a force in the civil rights movement. A crowd of over 10,000 civil rights marchers gathers in the Manhattan Garment Center as Harry Belafonte sings at spiritual at a civil rights rally. A capacity audience of civil rights advocates turned out to watch a glittering array of theater personalities perform.
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