Latest Articles
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. [...]
Prudential US Quarterly Update on Commercial Real Estate
July 29, 2010
Prudential is out with its quarterly update on US CRE. Values have increased (in some cases dramatically), capital markets are opening up, and volume is gaining. All is great, except the fundamentals are still broken; job growth is anemic. Report embedded below. US Q July 2010_ PRU
AOL Puts Up 130K For Sublease
July 27, 2010
That was quick. AOL takes down 225K, puts up 130K for sublease. Asking $2.95 NNN. Flyer below.
AOL Takes Down 395 Page Mill Road
July 22, 2010
AOL has subleased the entirety of 395 Page Mill Road from Google. The 225,000 Class A Office/R&D building had been leased by Google (from Jay Paul) several years ago though it was never occupied. The deal represents a fairly good value in Palo Alto’s tight market, though it’s not clear if AOL will absorb all the space [...]
A Quick Thought on Carried Interest
June 4, 2010
John Reeder over at MarketWi.Se has a post up with some of his views on the carried interest tax as well as those of Fred Wilson, a prominent venture capitalist. There has been a lot of debate about this tax, and I’ve even posted a couple times here and there on the issue. Much of the [...]
Let The Feeding Frenzy Begin: Parkmerced In Default
May 26, 2010
Multifamily investors have been and continue to run around like addicts looking for their next fix. So surely there will be a frenzy to get a chomp at the bit of Parkmerced, the 116-acre San Francisco apartment community which has apparently gone to special servicing. Parkmerced is essentially the StuyTown of San Francisco. [via SF [...]
Prudential’s Case for CRE
May 25, 2010
Prudential has released a mini-report titled “Revisiting the Case for Commercial Real Estate”. It covers all the basics but surprisingly keeps the Challenges & Risks to a brief five paragraphs. It talks about interest rate risk, but doesn’t talk about the credit rating of the US. It talks about the financing gap but doesn’t go [...]
Not Much To Say
May 25, 2010
Bad news on the heels of bad news. There are pockets of strength here and there, but overall the sentiment is what drives the equity markets and it seems we’ve reached a point where the self-fulfilling prophecy is achieved by a bunch of machines. Sprinkle in reckless spending and it won’t take long for things [...]
Moody’s/REAL CPPI Index Down .5% in March
May 19, 2010
The Moody’s/REAL Commercial Property Price Index dropped .5% in March. This marks the second month in a row that prices have dropped after a few months of increases. The index is now 42.1% off the peak. Despite the overall decline in the index, some positives were Apartments and Industrial in the top-10 MSAs. In the [...]
40 Million Americans Receiving Food Stamps
May 10, 2010
1 in 8 Americans is now receiving food stamps, a new record. Despite the economy purportedly adding jobs again, it is also adding to the number of people on food stamps. The USDA numbers show that 39.68M Americans were receiving food stamps in February, up 260,000 from January. And the problem is expected to grow. [...]
