Robert Shiller, an economics professor at Yale School of Management, and the co-founder of S&P's Case-Shiller home price index, spoke to CNBC about his concerns regarding the future of real estate values. "There's a self-reinforcing sentiment among commercial owners that they can't get refinancing on their loans because their property is ... More
Archive for January, 2010
Shiller still has his doubts
Tuesday, January 12th, 2010NYTimes Interview with RC Analytics Founder
Tuesday, January 12th, 2010Robert White, Founder of Real Capital Analytics, was recently interviewed by the NY Times. During this interview, he commented on where the market (New York and Manhattan's specifically) is relative its 2007 highs and where he is looking for leading indicators that the market is regaining its strength. You ... More
REO Monitor: The Sage Condos – St. Pete, FL
Tuesday, January 12th, 2010Bank of America has taken back 75 of 112 condos in The Sage condominium project located in downtown St. Petersburg, Fla. Developed by Atlanta-based Miles Development Partners and built by Batson-Cook, the property is currently listed with Cushman & Wakefield of Florida's Apartment Brokerage team, led by Bryon Moger. Located at ... More
Sternlicht’s latest thoughts on the CRE market
Tuesday, January 12th, 2010Sternlicht's Starwood Capital developed the W Hotel Union Square. This is the same hotel which Dubai World recently lost control of in December 2009. LEM Mezzanine Fund, a private-equity fund affiliated with the investment firm Lubert Adler placed a credit bid of $2 million to gain control of the property. According ... More
Top 25 Shopping Center Owners
Sunday, January 10th, 2010Searching for retail investors in 2010? This list is sure to help. National Real Estate Investor published their list of top 25 shopping center owners. They are as follows: 1. Simon Property Group U.S. GLA Owned: 246 million sq. ft. International GLA Owned: 16.5 million sq. ft. 2. General Growth Properties U.S. GLA Owned: 182.3 ... More
Tips on Working with Banks to Source Deals
Wednesday, January 13th, 2010There has been a countless number of funds launched with the sole objective of buying distressed commercial real estate. The majority of the time these types of acquisition opportunities will require working with a bank or special servicer. Many of these banks are understaffed and overwhelmed with interest in these ... More
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