Trends
Real Estate Receivers Explained
January 15, 2010
Tweet Generally speaking, receivers are basically individuals or firms which are court-approved to preserve the value of an asset after there is a default. There is a major upsurge in receiverships as a result of the crisis, and most of the major CRE firms have either revived or setup service lines to service the loan [...]
Read More >>S&P Cuts California Bond Ratings
January 14, 2010
Tweet California’s situation is getting worse, and S&P has taken notice by dropping its bond ratings for the second time in a year. California now has to spend more money on interest for any bonds it issues, exacerbating the budget crisis in the state and putting more pressure on the government to raise taxes at [...]
Read More >>CPS Joining Cassidy Turley
January 14, 2010
Tweet In another bit of exciting local news, Santa Clara-based brokerage company CPS has announced that it will be merging with Cassidy Turley. This news comes on the heels of NAI BT announcing last week that they would join Cassidy Turley. From their press release: CPS is embarking on a change that will set us [...]
Read More >>RREEF Marks Up 2009 Commercial Real Estate Outlook
January 12, 2010
Tweet For the past few years, RREEF has revisited its commercial real estate outlook at the end of the year by marking up the document. It’s nice to see this type of self-deprecating research. Like last year, RREEF was a bit too bullish and underestimated how much values and employment would fall. The report can [...]
Read More >>Positive Signs in Venture Capital
January 7, 2010
Tweet The National Venture Capital Association put out its fourth quarter numbers for venture-backed exits. After suffering somewhat of a dry spell earlier this year, things are starting to turn up, with increased M&A activity and IPO activity. This is the metric to watch as venture capitalists need exits to recap and continue funding. Companies [...]
Read More >>Apartment Vacancy At 30-Year High; San Jose Leads Rent Declines
January 7, 2010
Tweet REIS put out data yesterday which pegs the vacancy rate for US apartments at a 30-year high. The vacancy rates now stand at roughly 8% according to REIS data. Rents fell 3% last year, according to Reis, led by declines in San Jose, Calif., Seattle, San Francisco and other cities that had brisk growth [...]
Read More >>Grubb & Ellis Releases Annual Forecast
January 6, 2010
Tweet Grubb & Ellis has released its annual forecast for 2010. Long story short, recovery won’t arrive until 2011. Here is the summary of the forecast for the various sectors: Investment Sales – Commercial Real Estate Investment Transaction Volume to Grow in 2010 Office – Vacancy Rates Will Reach Modern-Day Record Industrial – Recovery in [...]
Read More >>Uncertainty Looms in Investment Real Estate
January 6, 2010
Tweet Robert Knakal has written an article for the Observer detailing the various mechanisms the FED has at its disposal to address liquidity in the market. Just reading the article gives me a headache. Not because it’s confusing, but because there are just so many variables now in play that it becomes nearly impossible to [...]
Read More >>Shake Up in Brokerage – BT Splits From NAI
January 5, 2010
Tweet After undergoing a major re-branding from BT Commercial to NAI BT Commercial a few years ago, BT is making a move again. This time, it is joining up with some firms formerly associated with Colliers to create a new one named Cassidy Turley. BT Commercial is joining Cassidy & Pinkard Colliers, a D.C.-area real estate services [...]
Read More >>The Invisible Hand: 18% of Personal Income From Handouts
January 5, 2010
Tweet David Rosenberg, the chief economist of Gluskin Sheff, and former Chief Economist for Merrill Lynch, has put out this chart. Take this back to normal levels, and then tell me what the real GDP and unemployment numbers are please… [via Business Insider]
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