Archive for May, 2010

The Canadians are coming!

Thursday, May 27th, 2010

So that headline does not sound too menacing, but has anyone noticed that our northern neighbors have been buying up billions in commercial real estate in 2010? Canadian based investors have recently been snapping up U.S. commercial real estate and many expect this trend to continue. Most recently, Canada's largest REIT, ... More

REO Monitor: 351 California St – San Fran

Saturday, May 22nd, 2010

An historic and storied building located in downtown San Francisco is set to be auctioned by Tranzon Asset Services June 10th. Built in 1920, the building stands 16 stories tall and totals just under 140,000 square feet. Reportedly 70% occupied, tenants include the law firm Roeca Haas & Hager, commercial real ... More

REO Monitor: Woodfield Corporate Center, Schaumburg, IL

Wednesday, May 19th, 2010

New York Life Insurance Co. has filed to foreclosure on 425-475 N. Martingale Road according to a recent report in Crain's Chicago Business. The property is owned by an investment partnership between General Electric's pension fund and Lincoln Property Company. View Larger Map Acquired in late 2007 for $95.5 million, the ... More

REO Monitor: Highland Mall, Austin, TX

Tuesday, May 18th, 2010

During the same time Simon Property Group was submitting bids to acquire General Growth out of bankruptcy, a property the two companies once owned jointly has fallen into distress. The 1.1 million square foot Highland Mall, located in a northern suburb of Austin, TX recently filed Chapter 11. Earlier this ... More

UBS 2010 CRE Outlook

Tuesday, May 4th, 2010

UBS Global Real Estate recently published their 2010 Commercial Real Estate Outlook for the United States. This report throughly analyzes their outlook for the US economy as well as in depth analysis on a wide range of asset classes, including apartments, hotels, industrial, office, retail, farmland, public REITs and structured ... More

Moody’s CPPI sees 2.6% price decline

Sunday, May 2nd, 2010

Moodys/REAL All Property Type Index declined 260 basis points in February. This follows three consecutive months of price increases. With this decline, CPPI rests 25.8% and 41.6% below where it was 12 and 24 months ago, respectively. While February's results end what was a brief price increase trend, it was ... More