July.28.2010 In
retailtrafficmag.com
Investment sales on retail properties dropped slightly in the second quarter, according to New York City-based Real Capital Analytics’ (RCA) Retail Mid-Year Review.
Sales of significant retail properties (transactions greater than $5 million) slipped to $2.9 billion in the second quarter of 2010, down 9 percent from $3.2 billion in the first quarter. Overall it is the seventh time in the last eight quarters that the volume of investment sales on retail properties has been below $5.0 billion, according to RCA, indicating that the overall investment sales climate remains cool.
July.28.2010 In
retailtrafficmag.com
Prior to the downturn the consensus in the real estate industry was that the days of the traditional regional mall were over. But a funny thing has happened: The recession has thrown a wrench into that theory.
July.28.2010 In
retailtrafficmag.com
Expanding retailers want to know as much as they can about retail centers before signing leases, but they’re finding that landlords are being less than forthcoming when it comes to a specific piece of data: foot traffic counts.
July.28.2010 In
www.okcreview.com
For several months now, the perception, at least, is that the frozen commercial property sales market is thawing. Now there is some basis for that notion grounded in reality.
Some $9.7 billion in properties valued over $5 million traded in June, according to New York-based researcher Real Capital Analytics. That’s the highest volume since September 2008.
July.28.2010 In
www.globest.com
SAN FRANCISCO-Real estate recessions have proven to both break and make great fortunes. Banks, the FDIC, and CMBS servicers now hold more than $140 billion in troubled loans, and that number is growing. Many investors are seeing that $140-billion problem as a real opportunity to buy defaulted loans at a deep discount in order to acquire the underlying real estate on the cheap. Three experts at Manatt, Phelps & Phillips LLP recently spoke with GlobeSt.com about buying a loan to own, how to account for the risks and how to know what you are buying.
July.25.2010 In
www.costar.com
Despite concerns during the financial crisis about whether bank credit would remain available, equity REITs generally have been able to renew maturing unsecured lines of credit throughout the downturn. Credit has remained available -- but not surprisingly, on more onerous terms, according to Fitch Ratings.
July.25.2010 In
www.costar.com
Spending on commercial and other nonresidential construction is likely to fall more than 20% this year -- significantly more than forecasters predicted six months ago -- with hotel and office construction down by more than 43% and 29%, respectively, according to the American Institute of Architects’ (AIA) midyear look at construction.
July.25.2010 In
www.costar.com
The U.S. industrial real estate market now appears to be headed into recovery after several quarters of negative absorption.
July.25.2010 In
nreionline.com
It’s no secret that with vacancy rates
reaching record highs, shopping center landlords have been more willing to accept non-retail tenants, including medical offices, schools and religions institutions. What few might realize, however, is that working with non-retail uses can sometimes be a boon for shopping centers, especially when it comes to professional services tenants such as financial advisors, insurance companies and accounting firms
July.17.2010 In
marketwi.se
The graph shows average CRE cap rates versus the 10 year treasury note. The place where “certainty” becomes a really prominent theme is in the 2005 to 2006 time frame, when CRE yields are a little less than 200 basis points over the 10 year Treasury.
July.17.2010 In
industry.bnet.com
In 2009, as the nation’s biggest banks were withdrawing credit from consumers and corporate customers alike, 45 percent of
community banks boosted their business lending. This isn’t to vilify large financial firms, but rather to punctuate a simple observation: A diverse financial services market is good for the U.S. economy.
July.17.2010 In
www.toughtimesforlenders.com
In doing a deed in lieu (of foreclosure) transaction, should Lender require a legal opinion covering the deed in lieu transaction, and if "yes," then what should it cover?
- Yes, require a legal opinion from Borrower's legal counsel: treat the deed in lieu transaction more like entering into a new loan than simply a purchase of an asset. Why? Because the lien will NOT be extinguished and the DIL agreement covers many important matters to the lender (such as the items listed here)
- Due authorization and execution
- Validity and enforceability of documents
- Non-merger (of the Lender's lien [which is NOT released] and the deed given to the Lender
- Releases of any claims against Lender
July.15.2010 In
netleaseinsider.blogspot.com
Gordon Whiting, founder and Senior Portfolio Manager of
Angelo, Gordon's net lease real estate strategy, gave us his input on the industrial market.
July.15.2010 In
www.costar.com
Investors are demonstrating confidence that the hotel sector is rebounding at midyear, shelling out large sums for marquee properties from Manhattan to Atlanta to San Francisco.
July.15.2010 In
nreionline.com
Widespread improvement in the industrial sector won’t occur until 2011 and 2012 despite recent economic and manufacturing gains. That is according to a new report issued by Encino, Calif.-based Marcus & Millichap Real Estate Investment Services.
July.15.2010 In
knowledge.wharton.upenn.edu
With the financial crisis wiping out trillions of dollars in property values worldwide, the challenges facing the global real estate industry are greater than they have been in decades. Within the turmoil, however, are opportunities for players in both the commercial and residential real estate markets, a point made by members of a panel at the recent Wharton Global Alumni Forum in Madrid called, "Real Estate: Exploring the Road to Recovery."
July.15.2010 In
money.cnn.com
Back in 2009, when there was no market for securitizations and credit was still mostly frozen, a group of experts including Paul Volcker called for a return to an old strategy as a way out of the financial crisis: Start up another Resolution Trust Corp.
July.15.2010 In
blog.retailtrafficmag.com
This is what makes following commercial real estate so maddening.
Less than a week ago,
Forbes had a post looking at the
big storm brewing in commercial real estate. And the phrase “next shoe to drop” was
still being tossed around.
Yet in the last few days articles have appeared at
Time, MSNBC and
Fortune boasting about various aspects of a brewing commercial real estate recovery. John Reeder over at Marketwi.se
warns us that this might be a reason to worry given the mainstream media’s track record of calling booms or busts at exactly the wrong times.
July.15.2010 In
www.msnbc.msn.com
Inside skyscrapers just a short drive from the Atlantic and housing developments overlooking the Pacific, agents and lenders are comparing hopeful hints of rejuvenation to the first wobbly steps following near-death experience.
July.15.2010 In
marketwi.se
The graph below is from Real Capital Analytics. I’ve done a very simple annotation of the graph to show three separate growth periods in the distress asset market. May to June of 2009 saw a meteoric rise in distress. The trend leveled a little bit, but stayed on a very aggressive direction through January of this year. Since January, we’ve seen some flattening.
