Latest Articles
The Band is Going to Be Taking a Break
November 9, 2011
Everybody is expecting to get $6-7 NNN rents in Palo Alto, and 4 and even 5 in Mountain View. But I fear the party will slowly becoming to a halt soon. Investors are once again beginning to drink the Kool-Aid that this is somehow sustainable. It isn’t and if rent levels on the Peninsula are [...]
LoopNet Continues to Bolster Feature Set – Will It Continue?
July 22, 2011
LoopNet was well on its way to supplanting CoStar in relevancy before the offer to acquire LoopNet was made by CoStar. By becoming the “go to” place on the internet to post and sell/lease real estate, LoopNet had become too large to ignore and thus solved one of the largest hurdles for any company trying [...]
How To Lose $1,200 PSF in Two Years
May 2, 2011
Buy this beauty for the low, low price of $2,643 psf. Then wait for Apple to go down the street. Guess the current owner doesn’t like to gamble.
CoStar Acquiring LoopNet
April 28, 2011
LoopNet was well on its way to taking over the reigns from CoStar. It had embarked down the path of becoming the “go to” place to list to get things sold or leased. CoStar hadn’t evolved much over the years, and with every passing year had become an increasingly expensive research report while LoopNet was [...]
Grubb Secures 11% Loan Secured by Accounts Receivable
March 31, 2011
Been a while since I posted anything, but this was too good to pass up: Grubb & Ellis Company (GBE: 0.00 N/A) announced that it has received an $18 million financing commitment from private equity firm Colony Capital, LLC. In turn, the Los Angeles-based international investment firm has secured the right to negotiate exclusively for [...]
Thanks Solyndra
November 4, 2010
For taking $550M of our money (in the form of loan guarantees) and using it to expand like crazy when the price of your product is probably going to get cut in half in a matter of a year. Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., to [...]
Google Angling to Buy $2B NYC Office Building
October 27, 2010
If there wasn’t already enough competition chasing core NYC office product, Google is now apparently in the running as well to acquire the 2.9M square feet office building at 111 Eighth Avenue. The building is only 18-stories tall, making those some outrageously large floor plates. The price is said to be close to a whopping [...]
Loopnet Brings More Property Information to the Masses
September 15, 2010
Not too long ago I had a lunch meeting with a client. The building next door to where we were meeting happened to have a for lease sign out front. When I showed up my client had his iPad out, Loopnet open, and looking at the listing, along with a slew of additional information about [...]
Cornish & Carey Merging with Newmark Knight Frank
August 4, 2010
Newmark Knight Frank and Cornish & Carey have announced that they are merging their Bay Area operations. Given the change in the brokerage landscape which has taken place over the past few years, it’s not surprising that Cornish finally decided to align itself with a name which can provide a larger national and international presence. [...]
