Real Estate Roundtable Q4 Sentiment Index: Better But Not Good
November 2, 2009
The Real Estate Roundtable published its fourth quarter Sentiment Index. The press release is still pretty grim:
With high unemployment pushing up vacancies, no credit capacity and property values plummeting, commercial real estate markets remain extremely stressed with little prospect for significant near-term improvement, according to The Real Estate Roundtable’s latest quarterly survey of senior commercial [...]
Goldman Revises CRE Loss Estimates
September 30, 2009
Goldman Sachs has revised its expectations for CRE losses, and is concerned about exposure of banks and insurers with lots of CRE assets on their books. The Bank of Americas, Wells Fargos, and JP Morgans of the world are generally considered to be “too big to fail”, but community and regional banks holding a large [...]
Read More >>REIS vs. JLL – Who Will Be Right?
August 28, 2009
From a CoStar article, JLL:
Jones Lang LaSalle Retail last week issued a “perspective on recovery” for the retail sector in which JLL Retail President and CEO Greg Maloney predicted that the recession will bottom out during the last quarter of this year, to be followed by the beginning of revitalization for the retail industry in [...]
Manhattan Deal Volume Scarce; Cap Rates In The 7’s
August 18, 2009
In the first half of the year, there were three sales greater than $30M in Manhattan, representing 10% of what is normally transacted.
The so-called capitalization rate, or a property’s net operating income divided by purchase price, may have risen to about 7 percent for stable, prime Manhattan office buildings, CB Richard Ellis said.
During the peak, [...]
MIT Releases Q1 TBI Numbers; Index Drops 5.8%
May 12, 2009
MIT has released the first quarter numbers for its Transaction Based Index (TBI). The TBI, in MIT’s own words…:
tracks the prices that institutions such as pension funds pay or receive when transacting commercial properties like shopping malls, apartment complexes and office towers. The MIT Center’s TBI is based on prices of National Council of Real Estate Investment [...]
MadisonMarquette’s Distressed Retail Real Estate Index
February 5, 2009
TrafficCourt points us to a mini-study put out by MadisonMarquette’s Places Magazine analyzing 63 metropolitan markets for signs of distress in the retail real estate sector. They put together a nice little analysis/index on the various markets to try to guage the markets which will likely produce the most distress. San Francisco and San Jose were on [...]
Read More >>MIT Commercial Property Index Records Largest Quarterly Drop In Its History
February 4, 2009
The MIT Commercial Real Estate Transaction Based Index tracks prices back to 1984. In the 4th quarter of 2008, the index fell by the largest it has ever fell in a single quarter, 10.6%. For the year, the index was down 15%. According to the press release,
The previous record was a 9 percent drop in [...]
