LoopNet Continues to Bolster Feature Set – Will It Continue?
July 22, 2011
Tweet LoopNet was well on its way to supplanting CoStar in relevancy before the offer to acquire LoopNet was made by CoStar. By becoming the “go to” place on the internet to post and sell/lease real estate, LoopNet had become too large to ignore and thus solved one of the largest hurdles for any company [...]
Read More >>Grubb Secures 11% Loan Secured by Accounts Receivable
March 31, 2011
Tweet Been a while since I posted anything, but this was too good to pass up: Grubb & Ellis Company (GBE: 0.00 N/A) announced that it has received an $18 million financing commitment from private equity firm Colony Capital, LLC. In turn, the Los Angeles-based international investment firm has secured the right to negotiate exclusively [...]
Read More >>Google Angling to Buy $2B NYC Office Building
October 27, 2010
Tweet If there wasn’t already enough competition chasing core NYC office product, Google is now apparently in the running as well to acquire the 2.9M square feet office building at 111 Eighth Avenue. The building is only 18-stories tall, making those some outrageously large floor plates. The price is said to be close to a [...]
Read More >>Loopnet Brings More Property Information to the Masses
September 15, 2010
Tweet Not too long ago I had a lunch meeting with a client. The building next door to where we were meeting happened to have a for lease sign out front. When I showed up my client had his iPad out, Loopnet open, and looking at the listing, along with a slew of additional information [...]
Read More >>Cornish & Carey Merging with Newmark Knight Frank
August 4, 2010
Tweet Newmark Knight Frank and Cornish & Carey have announced that they are merging their Bay Area operations. Given the change in the brokerage landscape which has taken place over the past few years, it’s not surprising that Cornish finally decided to align itself with a name which can provide a larger national and international [...]
Read More >>Prudential US Quarterly Update on Commercial Real Estate
July 29, 2010
Tweet Prudential is out with its quarterly update on US CRE. Values have increased (in some cases dramatically), capital markets are opening up, and volume is gaining. All is great, except the fundamentals are still broken; job growth is anemic. Report embedded below. US Q July 2010_ PRU
Read More >>A Quick Thought on Carried Interest
June 4, 2010
Tweet John Reeder over at MarketWi.Se has a post up with some of his views on the carried interest tax as well as those of Fred Wilson, a prominent venture capitalist. There has been a lot of debate about this tax, and I’ve even posted a couple times here and there on the issue. Much of [...]
Read More >>Let The Feeding Frenzy Begin: Parkmerced In Default
May 26, 2010
Tweet Multifamily investors have been and continue to run around like addicts looking for their next fix. So surely there will be a frenzy to get a chomp at the bit of Parkmerced, the 116-acre San Francisco apartment community which has apparently gone to special servicing. Parkmerced is essentially the StuyTown of San Francisco. [via [...]
Read More >>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 >>Not Much To Say
May 25, 2010
Tweet Bad news on the heels of bad news. There are pockets of strength here and there, but overall the sentiment is what drives the equity markets and it seems we’ve reached a point where the self-fulfilling prophecy is achieved by a bunch of machines. Sprinkle in reckless spending and it won’t take long for [...]
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