Market Data
Done Shopping: RREEF On Retail Real Estate Investing
June 10, 2009
Tweet RREEF has put out a research piece titled “Done Shopping-Structural Shifts in the US Retail Sector and Their Implications for Real Estate Investment”. I’ve embedded the report below, but the key conclusions are: Consumer spending, once it resumes full growth around 2011, will expand at only half the rate of recent years without the prop of rapidly [...]
Read More >>Bloomberg Interviews NY CBRE Broker
June 8, 2009
Tweet Bloomberg interviewed a top CBRE broker out of NYC today, and the interview is below. Nothing most of the readers here haven’t known, but just some reinforcement from a source just perhaps a bit more credible than some “faceless blog” Also, is it just me or does the show’s host look like Avigdor Lieberman?
Read More >>Hotel Owners Losing Their Grip
June 8, 2009
Tweet One real estate sector that is most susceptible to moves in the economy is the hospitality sector and this economic cycle has been brutal for hotels. Occupancy levels are around 55%, with the expectation that they will continue to decline through the end of the year. Additionally, very little growth is anticipated next year. As [...]
Read More >>MySpace/Fox Interactive Highlights Trend
June 5, 2009
Tweet We’ve been saying for some time that office vacancy will continue to climb for sometime even if the employment numbers begins to stabilize. Despite all their efforts to be proactive, most companies are reactive to economic conditions when they are deteriorating. As a result, we see companies continuing to go deeper when considering cuts [...]
Read More >>LinkedIn Bucking The Trend and On The Prowl
June 4, 2009
Tweet The economy might be in the dumps for some, but LinkedIn seems to be bucking the trend. The social-networking site used often by sales staff and job seekers is on the hunt for additional office space nearby its current facility in Mountain View. The company is out and about looking at space in the [...]
Read More >>Grubb & Ellis Posts $41.5 Million Loss; Renegotiates Debt
May 30, 2009
Tweet Grubb & Ellis (GBE: 0.00 N/A) has posted a loss of $41.5M for the most recent quarter. This compares to a loss of $6.3M in the same quarter one year ago. Revenues are down to $118M from $150M in the year ago period. The company issues a press release announcing the quarterly results, which [...]
Read More >>Getting Warmer: EOP Drops Redwood Shores Rents Again
May 28, 2009
Tweet We’ve spent some time in the past discussing the Redwood Shores as a sort of case study. We originally discussed the Redwood Shores submarket back in January of 2008 when we indicated that rent hikes in Redwood Shores were nothing more than hype, driven mainly by Equity Office. Let’s look at that market again. [...]
Read More >>Subleases Now Account For 40% of Midtown Manhattan Office Space
May 26, 2009
Tweet From the NYT: In Midtown Manhattan, for example, 13 percent of prime, modern, well-located offices — which brokers often refer to as Class A space — was available in April, up from 6.5 percent a year earlier, according to Colliers ABR, a commercial real estate services company. And sublets now account for some 40 [...]
Read More >>Lobbying Congress For Help
May 22, 2009
Tweet Absolutely Classic: U.S. Rep. Zoe Lofgren, D-San Jose, sent letters to Kenneth Lewis, president of the Bank of America, and John Stumpf, president of Wells Fargo, dated May 7, asking them to explain why they refused to give Pau and partner RREEF a $391 million construction loan. “Although I understand and respect your position [...]
Read More >>Schwarzenegger To Propose Sale of San Quentin, Agnews
May 14, 2009
Tweet Schwarzenegger is set to propose today that the State of California sell San Quentin, Agnews, and other property around the state. Locally, Agnews is an 81-acre site near Santa Clara and North San Jose surrounded mostly by Cisco Systems (click picture for larger view). The site is located at 3500 Zanker Road, and is general [...]
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