Archive for October, 2009

Are we crazy?

Saturday, October 31st, 2009

People may wonder why -- in a market with transaction volume down nearly 95% from its peak -- would you launch a new online venture serving the commercial real estate investment industry? We’re glad you asked; below are the top 3 reasons why: Efficiency is more valuable than ever before.  As ... More

Update: Foreign Investor Activity

Friday, October 30th, 2009

Recently, we posted about the increasing level of foreign investor interest in US commercial real estate and some reasons which could be driving this interest. Shortly thereafter, the Wall Street Journal featured an article which noted the number of German firms scouring the US for new deals. Two of the ... More

CNN: Economic Recovery Charts

Friday, October 30th, 2009

CNN Money has created a useful chart gallery showing some of our economy's most recent trends. A couple of the most interesting ones are:

New Feature: REO Monitor RSS Feed

Thursday, October 29th, 2009

Everyone has read about the mounting delinquencies and defaults in the commercial real estate market. With so many different information sources available, what is the best way to monitor, identify and pursue these distress assets? CRE Console has created a free service which provides regular notifications when new investment grade ... More

WSJ: “No Money, No Problem”

Thursday, October 29th, 2009

In the largest deal in the Southeast United States for 2009, Rainier Capital Management, Net Lease Capital Advisors and a Charlotte, NC-based private investor acquired the Birmingham Social Security Administration Center for $147 million, but only invested $1.3 million in equity (that's less than a 1% down payment). According to ... More

Multifamily: Still in vogue?

Wednesday, October 21st, 2009

During the boom, the multifamily asset class was one of investors' favorites. Remember the Peter Cooper Village and Stuyvesant Town deal? With a sale price of $5.4 billion, the deal was the largest single asset sale in U.S. history and was so aggressively underwritten that it is now reportedly worth 62% less ... More

Review: Logmein.com

Saturday, October 17th, 2009

One resource we can't live without is Logmein.com. This site allows us to access our desktop computer anywhere we have a web browser and an internet connection. Logmein.com even lets you try it for free, giving you full access to your desktop, but without some of the more advanced features ... More

Rising foreign investor interest

Saturday, October 17th, 2009

As the dollar weakens and domestic commercial real estate prices decline further, there have been recent signs of foreign investors taking notice.  There are several reasons why foreign investors may begin to aggressively target U.S. commercial real estate: 1. Large price dislocation quotients. The United States has one of the largest ... More

A soft landing?

Saturday, October 17th, 2009

Harvey Green, President and CEO of Marcus & Millichap says the issue is how we handle, not the real estate crisis, but the debt crisis, and wants everyone "to get on board" in order to ensure a soft landing in the commercial real estate market. David Faber seems a bit skeptical... And ... More

Commercial real estate and inflation

Thursday, October 15th, 2009

Recently, National Real Estate Investor published an article asking, "Will Commercial Real Estate Provide a Good Hedge Against Inflation?" In the 1980s, a slew of papers examined the rate of return on various property types and concluded that commercial real estate investors were in fact compensated for inflation risk. However, with many ... More