RREEF Marks Up 2009 Commercial Real Estate Outlook

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 be downloaded here.

Prudential CRE US Quarterly Update

Prudential has recently put out its quarterly update on US real estate. On debt markets:

At commercial banks…

Commercial banks, which represent about half of the $3.5 trillion commercial-mortgage market, remain largely stuck in the “extend-and-pretend” mode. Some banks are originating loans for balance sheets, but the capacity and appetite for such deals is limited. Many banks are working [...]

Prudential on Life After Debt and The Funding Gap

At the NAIOP Capital Markets event last week, one of the overriding themes was the shortfall in debt markets that would occur in the absence of a meaningful recovery of the CMBS market. The CMBS markets will eventually return, but it will be a much-tamed reincarnation of itself – and even then there will be a significant [...]

RREEF Marks Up 2008 Commercial Real Estate Outlook

RREEF has produced an interesting document by taking its 2008 Real Estate Investment Outlook and marking it up to reflect how the predictions fared. Not surprisingly, their 2008 predictions were too tame for the most part.
We often see reports, read them, and then forget about them. It’s nice to see a research team go back [...]