Archive for April, 2011

REO Monitor: Power House & Grand Central, St Louis

Monday, April 25th, 2011

C-III Capital Partners has decided to auction off Powerhouse and Grand Central Office Buildings in Downtown St Louis. The property is currently listed for an auction scheduled for Tuesday, April 26th on Auction.com with a starting bid of $400,000. Previous to this listing, C-III had the buildings listed for ... More

REO Monitor: Powers Ferry Landing East, Atlanta

Friday, April 22nd, 2011

Add Powers Ferry Landing East to the list of distressed Atlanta office deals.... Citybiz Real Estate reports that a foreclosure sale has been scheduled for May 3rd. In 2006, Argus Realty Investors (now part of Thompson National Properties) bought the property for $65.3 million from TA Associates Realty. Argus Realty Investors ... More

Moody’s CPPI drops 3.3 percent in February

Thursday, April 21st, 2011

The Moody's/REAL Commercial Property Price Index (CPPI) saw its largest one-month drop since August 2010, declining 3.3 percent. The index is down 44.6 percent from its October 2007 peak. This drop is the index's largest in 5 months and is mostly a product of distressed trades making up 29 percent of ... More

Branded Property Website Demonstration

Wednesday, April 20th, 2011

This demonstration discusses many of the features of our branded property websites, including: What features does this page include? This page includes your corporate logo at the top of each page, the property's description, a photo gallery, an electronic confidentiality agreement, an interactive map and Google Street View, when available. Each of ... More

Commercial real estate and inflation

Friday, April 15th, 2011

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

REITs vs. CMBS Property Sales

Thursday, April 7th, 2011

In Dr. Geltner's March issue of his Professor's Corner newsletter, he broke out repeat sales of properties sold by REITs and those previously acquired using CMBS loans. His findings? REIT properties tended to exhibit less of a price bubble during the boom period, but then they did not fall nearly ... More

REO Monitor: 55 Allen Plaza, Atlanta

Wednesday, April 6th, 2011

The Atlanta Business Chronicle reported today that Lincoln Property Company acquired 55 Allen Plaza at a foreclosure auction, on behalf of the Teachers Retirement System of the State of Illinois. The retirement system purchased the $83 million first mortgage from Bank of America last month. As the only bidder at ... More

CBRE Cap Rate Survey – Year End 2010

Wednesday, April 6th, 2011

As we've referenced before, CBRE's Capital Markets Group conducts one of the more useful cap rate surveys available. Courtesy of Scott Pollock & Steve Latkovic over at The Commercial Insider, you may view the full report on Scribd. An excerpt of CBRE's commentary from this report: Total U.S. investment transaction volume is ... More