Household HSBC Watch

Orlando, Fla.-based CNL Financial Group has purchased Two Harbour Place, a 12-story office tower in Tampa, for $32.25 million from HSBC, a global banking company. Jeff Morris, Jubeen Vaghefi, Steve Echelson and Doug Bartley of Jones Lang LaSalle brokered the transaction.

About the same time as this news release was made public a different news report touted “HSBC could be interested in acquiring troubled French counterpart Societe Generale.” HSBC is reorganizing in the United States in a manner that suggests a lack of focus. In a report to Household - HSBC Watch consumer advocates on person said “… if they removed those elements of upper management, rolled out conventional and government insured mortgage pricing programs (even with origination fees) they’re in position with their branch networks and sales staff to do great things.”