Archive for November, 2010

Update: Commercial property prices

Saturday, November 20th, 2010

October's Moody's/REAL CPPI report contained an interesting chart which graphs commercial property prices against the consumer price index (CPI). According to this graph, the CPPI has now over-corrected, relative to its long run equilibrium. This is similar to a chart included in Dr. Geltner's Professor's Comments newsletter several months ago. ... More

REO Monitor: 1 Kendall Square, Cambridge

Wednesday, November 10th, 2010

The Boston Herald has reported that Anglo Irish Bank has filed to foreclose on One Kendall Square located adjacent to Massachusetts Institute of Technology. The 676,000 square foot mixed-use property was acquired in 2006 for $210.5 million by the Beal Companies and Rockwood Capital. But according to Beal and Rockwood, ... More

REO Monitor: Crossroads One, Englewood, CO

Monday, November 8th, 2010

Berkadia Commercial Mortgage has engaged Cushman & Wakefield's Denver office to market Crossroads One at Meridian in Englewood, Colorado. According to TREPP, the outstanding mortgage had an unpaid balance of $12.1 million. View Larger Map Located in the Meridian office submarket, the property is currently 55% occupied. The building's largest tenant ... More

A “core” opportunity for some

Sunday, November 7th, 2010

Various outlets continue to cover the high demand for core investments in commercial real estate. Last week, the Wall Street Journal featured an article titled, simply, Investors Find Opportunity in 'Core'. Other than mentioning the low returns in treasuries and that various pension funds got burnt in the downturn ... More