Prudential’s Case for CRE
May 25, 2010
Tweet 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 [...]
Read More >>S&P: Worst Yet To Come For Commercial Real Estate Loans
February 1, 2010
Tweet Despite all the good news that you’ve been hearing about commercial real estate, we haven’t been entirely convinced. We’ve indicated that uncertainty and continued weakness in rents and occupancy are powerful enough forces to keep the commercial real estate sector in check for some time. Now S&P is out with a research paper entitled, “Industry [...]
Read More >>Moody’s: CRE Prices Will Continue To Fall
January 26, 2010
Tweet Despite seeing a 1% uptick in November prices, Moody’s is indicating that it is very likely that commercial real estate prices will continue to fall. “We anticipate further deterioration in property fundamentals and increases in cap rates,” he suggested, acknowledging that “the worst of the value declines is likely over.” This goes to the [...]
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 >>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 >>Video: LeFrak on Commercial Real Estate
November 12, 2009
Tweet Richard LeFrak is the billionaire head of The LeFrak Organization, a group with investments in thousands of apartment units, millions of square feet of office space, and hotels and other assets, with a concentration in New York. On banks… Death by a thousand cuts On CRE problems… in 2nd or 3rd inning
Read More >>Who Are The Largest Firms Investing Internationally For US Clients? Here’s The Top 10
November 6, 2009
Tweet We previously posted a top ten list of the largest firms who handle investments in US real estate for foreigner. Somebody emailed us wanting to know who the top 10 money management firms were who invested internationally on behalf of US investors. Here they are below, ranked by tax-exempt status as of about mid-2009. [...]
Read More >>Who Do Foreigners Give Their Money To When Investing In US Real Estate? Here’s The Top 10
October 21, 2009
Tweet We’ve heard about and are beginning to see an increase in foreign money coming into the US real estate market, particularly on the residential and multi-family side as the prospect of a recovery happening is expected to occur in this sector first. So want to know who these foreign individuals, pension funds, investment firms, [...]
Read More >>GI Partners Targeting Hotels
September 30, 2009
Tweet Menlo Park’s GI Partners is allocating some $500M to target the troubled hospitality sector. The company intends on targeting both assets and debt. GI Partners was the basis for what is now Digital Realty Trust. The hotel sector has been hit extremely hard. The numbers across the board for hotels, whether its occupancy, average [...]
Read More >>Using The MIT TBI Supply and Demand Index To Time The Market
September 21, 2009
Tweet MIT’s transaction based index is based on NCREIF data, which tracks the sale and resale of some 6,123 properties valued at some $250B. One of the data sets that MIT puts out is its Supply and Demand Index, which is based on methodology from a 2003 paper found here. Using the data and chart [...]
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