Archive for October, 2010

Is 2007 pricing back for good?

Wednesday, October 27th, 2010

CRE Console is certainly not breaking this story, but we did a double-take today on two deals which were announced. 1. REIT to buy office complex from Buck for $97 million Chicago Daily Real Estate reported that Commonwealth REIT (fka HRPT Properties Trust) has agreed to pay The John Buck Company $97 ... More

Are you paying too much? It depends…

Thursday, October 21st, 2010

Numerous publications continue to reference capitalization rates to 10 year treasury spreads. Most recently ULI's Emerging Trends in Real Estate 2011 included a NCREIF Cap Rate vs. a quarterly average of the 10 year T-bill dating back to 1978. As a side note, we are regular readers of the ULI ... More

What does CRE Console do?

Monday, October 18th, 2010

CRE Console is designed for commercial real estate brokers selling income-producing properties of $2 million and greater. We have created a simple and secure platform for marketing your properties, using the latest technology and cutting-edge online marketing techniques. Our current features include: Property e-mails and websites. Our software designs highly professional, corporately branded ... More

REO Update: Block 37, Chicago

Wednesday, October 13th, 2010

Bank of America has engaged Eastdil Secured to market the $178 million loan backed by the development at 108 N state Street, in Chicago. View Larger Map Block 37 has been the subject of a several lawsuits between Joseph Freed & Associates and the project's lenders. Bank of America filed to foreclose ... More

REO Monitor: One Superior Place, Chicago

Wednesday, October 13th, 2010

Brookfield Asset Management has hired CB Richard Ellis to market One Superior Place, an 809-unit residential highrise in the River North submarket, according to Crain's ChicagoRealEstateDaily.com. In December, Real Estate Finance & Investment reported that Brookfield Asset Management took over a 3,900 unit apartment portfolio from Stellar Management, of which ... More

More on interest rate and refinancing risks

Friday, October 8th, 2010

Real Capital Analytics recently pinned a good follow-on to our recent comments regarding the potential shortsightedness of using short-term, low interest rate financing in order to maximize investment returns. In our previous post, our comment was: As asset managers have pressure to put their capital to work in the lowest ... More

Cap rate to treasury spreads… a popular topic

Saturday, October 2nd, 2010

Over the last 6 months or so, the spread between cap rates and U.S. treasury yields has been a popular topic of discussion. In ING Real Estate's Q2 2010 research report, they stated, "Excess cap rate spreads historically proved to be opportune entry points into the U.S. real estate market. ... More