Trends
Richard LeFrak on CNBC With a Wait and See Attitude
April 27, 2010
Tweet Richard LeFrak of the LeFrak Organization was on CNBC with Maria to discuss commercial real estate. He continues to be somewhat cautious and is taking a “wait and see” approach, though there is certainly more cautious optimism out of him. Echoing his comments, multifamily continues to be hot with investors scrambling to take a [...]
Read More >>Moody’s CPPI Index Down 2.6%
April 20, 2010
Tweet In our previous post we indicated that risk was back, alluding to our belief that many investors are likely getting ahead of themselves in believing that we’ve seen the worst of it. In a market where the government is willing to artificially provide support to markets at nearly any cost (debt), it ultimately leads [...]
Read More >>Welcome Back Risk
April 19, 2010
Tweet For the past few months, it seems the bears have taken a back seat to a lot of bullishness, particularly in commercial real estate. A few months of rising prices, equity flowing everywhere, and a whole lot more buyers than sellers has made many investors feel that perhaps we’ve seen the worst of it. [...]
Read More >>Sobrato Nabs McAfee for 240K SF and What It Means For The Market
April 2, 2010
Tweet Sobrato has managed to bag McAfee for ~240K square feet – and potentially more – at its Santa Clara campus. The Registry has some info on the deal as well. The deal is a great one for Sobrato, which has Yahoo! on lease until the end of July. The buildings are located at 2811 [...]
Read More >>Westbrook Partners Gets a Deal on Four Seasons
March 22, 2010
Tweet Westbrook Partners has moved in to the aid of Millennium Partners, including the San Francisco Four Seasons which was in foreclosure. The deal is seemingly a good one for Westbrook but what this deal signals is that the market was shifting. Banks, which for some time were unfit and/or unsure of what to do [...]
Read More >>AB2640 Seeks to Repeal 1031 Exchanges in California
March 15, 2010
Tweet First of all, for those of you who dropped me a note wondering if I was still alive, rest assured I am. Thanks for the concern. Now to the pressing issue, a bill within the California state assembly which seeks to repeal the tax benefits of 1031 exchanges in California. We’ve been discussing for [...]
Read More >>Mountain View Considering Upping North Bayshore FAR
February 18, 2010
Tweet Google has devoured much of the Shoreline and North Bayshore area of Mountain View and now is seeking to work with the city of Mountain View to make the city “a model for Silicon Valley”. This entails bringing in MUX and residential uses, and increasing the FAR. My bet is public transportation (rightly so) [...]
Read More >>2010 Silicon Valley Index Released
February 17, 2010
Tweet Joint Venture Silicon Valley Network has released its comprehensive Silicon Valley Index for 2010. The 76-page report covers everything Silicon Valley, from governance, to economy and society. The full report can be downloaded from here. We’ll also link to it from our link bar. [via Joint Venture]
Read More >>Congressional Oversight Panel Issues Report on CRE
February 11, 2010
Tweet The Congressional Oversight Panel, chaired by Elizabeth Warren has issued its February report, and it’s focus is on “Commercial Real Estate Losses and the Risk to Financial Stability”. It’s a long read (189 pages), but from the executive summary here are some key points: Between 2010 and 2014, about $1.4 trillion in commercial real [...]
Read More >>Surprise Surprise: More Store Closings
February 4, 2010
Tweet More store closings are expected. This doesn’t come as much of a surprise. Given the percentage of sales retailers ring up during the holiday season, it was obvious it would have been wise to get through the holiday season and then put the wheels of closure back in action. Bloomberg has a pretty cool [...]
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