August 2009 Blog Posts (45)

Presenting a Real Estate Investment Opportunity

As developers begin looking for investors the majority seem to put together the most comprehensive package of materials detailing every aspect of their opportunity. We have seen packages that include site maps, renderings, current state photos, finished design samples, hard and soft cost proformas, resumes and the all important “expected cash flow summary”. What they are missing however is a snapshot of the deal from an investor point of view. At a high level – how much investment is required,… Continue

Added by Nikolas Kron on August 17, 2009 at 2:29pm — 1 Comment

Distressed Property: Is the Wait Finally Over?

Is the Wait Finally Over?

By Eugene Gilligan

CREOpoint.com

Anyone who has been hanging around commercial real estate executives in the past year or two has probably heard the following phrase: “There is a lot of capital sitting on the sidelines, waiting to be deployed.”

Well, according to a seminar on distressed… Continue

Added by CREOPoint Managing Editor on August 16, 2009 at 8:00pm — 2 Comments

Steve Felix: On the Road-Yankee Stadium

Thursday, August 13, 2009

On the Road-Yankee Stadium

Steve Felix shares his thoughts on the world of institutional real estate and other stuff.

So now I'm really confused. A top New York residential broker told me this week that the New York City residential market is either at the bottom or just a smidge away. Residential real estate is not my bag and so I defer to the experts. But in addition… Continue

Added by CREOPoint Managing Editor on August 15, 2009 at 10:00am — No Comments

The power of the internet . . .

. . . Or maybe it's just the power of good, solid reporting. Yes, I'm blowing GlobeSt.com's horn here, but we reported on Monday that we'd see a rash of IPOs coming down the pike as funds, REITs and other entities go public to gain dollars for deals. Today, the good people of Hines prove us right.

Added by John Salustri on August 14, 2009 at 11:00am — No Comments

CBRE Global MarketView: Back From the Brink...But What Next?

CBRE's August 2009 Global Marketview looks at prospects for commercial real estate for the last two quarters of 2009. Despite weak conditions in many markets, there are signs of recovery in some regions.

Some key points:

- Recovery will be a slow and painful process.

- China, India and Australia have experienced slower economic growth, rather than contraction.

- Canada is recovering quickly.

- There is intense debate about the shape and pace of the… Continue

Added by CREOPoint Managing Editor on August 13, 2009 at 9:30pm — 1 Comment

GGP: winning in BK, but at what price?

Wednesday, August 12, 2009

GGP: winning in BK, but at what price?

David Stejkowski

The Dirt Lawyer's Blog

I'm not at all surprised by the ruling yesterday that rejected lender's motions to remove the automatic bankruptcy stay off a number of General Growth Properties' performing malls. As you may recall, several lenders tried to pull their malls out… Continue

Added by CREOPoint Managing Editor on August 13, 2009 at 6:30am — No Comments

Commercial Real Estate and Pension Funds; Key GGP Ruling; Maguire Walks Away

Commercial Real Estate and Pension Funds; Key GGP Ruling; Maguire Walks Away (Recent News & Notes)

David Bodamer

August 12th, 2009

Retail Traffic Court

Our sister publication NREI posted an excellent report on how tanking real estate values have been hurting pension… Continue

Added by CREOPoint Managing Editor on August 13, 2009 at 12:39am — No Comments

The Dirt Lawyer's Blog: Death watch or evolutionary cycle?

Monday, August 10, 2009

Death watch or evolutionary cycle?

David Stejkowski

The Dirt Lawyer's Blog

There's a lot of talk today about Maguire Properties handing back seven buildings to the lenders (one of which is another real estate company that bought the debt at a… Continue

Added by CREOPoint Managing Editor on August 10, 2009 at 11:33pm — No Comments

Fed Concerned About Commercial Real Estate; the Myth of Abercrombie & Fitch

Fed Concerned About Commercial Real Estate; the Myth of Abercrombie & Fitch (Weekend Roundup)

David Bodamer

August 10th, 2009

Retail Traffic Court

So far, August has been a slow month for news and commentary on the retail real estate space. There haven’t been enough items to justify daily roundup posts. (I am still trying to keep the… Continue

Added by CREOPoint Managing Editor on August 10, 2009 at 11:29pm — No Comments

Citibank’s Destiny: Keep Funding Those Draw Requests

Citibank’s Destiny: Keep Funding Those Draw Requests

July 29, 2009

Lisa M. Galley

Our Green Journey

Eco Galley Capital

Audience question from my Eco Tuesday talk last night:

What are some of the… Continue

Added by CREOPoint Managing Editor on August 10, 2009 at 7:30am — No Comments

Gripped by Fear

Peter Pays Paul Blog

Peter Maclennan

Gripped by Fear

CNBC has an interview with Barry Gosin from Newmark Knight Frank in Fear in Commercial Real… Continue

Added by CREOPoint Managing Editor on August 8, 2009 at 9:00am — No Comments

David Stejkowski: Is it time to buy?

The Dirt Lawyer's Blog

Friday, August 7, 2009

Is it time to buy?

That's what CBRE Investors is saying, at least in this story. And the analysis is sound, in my humble opinion.

"At this point, we don't know if we're at… Continue

Added by CREOPoint Managing Editor on August 8, 2009 at 6:30am — No Comments

Steve Felix : On the Road-West Coast

On the Road-West Coast

Steve Felix shares his thoughts on the world of institutional real estate and other stuff.

07 August 2009

Something is going on when you read an article in The New Yorker magazine that in one breath mentions legendary concert promoter Bill Graham and the fact that the secondary market for Bruce Springsteen (and others) is similar to the CMBS market. Do we have to pollute… Continue

Added by CREOPoint Managing Editor on August 8, 2009 at 1:56am — No Comments

CBRE Torto Wheaton: Office Mid-Year Report Card

August 7, 2009

Office Mid-Year Report Card

Arthur Jones, Economist (ajones@tortowheatonresearch.com)

CBRE Torto Wheaton Research

Generally speaking, rating the performance of the office market is something I try to do once a year, once we have all the returns. It allows us a "year-in-review" snapshot to start off the New Year, and allows us to put the market's performance into perspective. Well, if retailers can… Continue

Added by CREOPoint Managing Editor on August 8, 2009 at 1:30am — No Comments

Magic can still happen

There's an important lesson to be learned in the news that New York's Graybar Building just landed a $145 million refi. Talk of a potential recovery aside, there's still room -- and capital -- for quality deals. Hats off here to SL Green, Cushman & Wakefield Sonnenblick Goldman and TIAA-CREFF. (Click here for more details.)

Have you heard of a similar success? Let me… Continue

Added by John Salustri on August 6, 2009 at 8:58am — 1 Comment

Shhhh...check out AAA spreads; and, GGP - people didn't see this coming?

Wednesday, August 5, 2009

Shhhh...check out AAA spreads

The Dirt Lawyer's Blog

Just a quick post to mention this story:

Spreads on AAA-rated CMBS have narrowed by 100 to 150 basis points as a rally in these securities continues for the second straight… Continue

Added by CREOPoint Managing Editor on August 6, 2009 at 12:33am — No Comments

Thoughts on the Commercial Real Estate Crisis; Simon’s Results; Friendly’s New Format

Thoughts on the Commercial Real Estate Crisis; Simon’s Results; Friendly’s New Format (Tuesday’s News & Notes)

David Bodamer

August 4th, 2009

Retail Traffic Court

The torrent of retail real estate and commercial real estate stories and posts has suddenly died down a bit. There are still seemingly a few stories a day proclaiming that commercial real estate is the “next shoe to drop.” I’ve grown… Continue

Added by CREOPoint Managing Editor on August 6, 2009 at 12:00am — No Comments

The State of Florida Retail Real Estate

The State of Florida Retail Real Estate

David Bodamer

August 5th, 2009

Retail Traffic Court

Our roundtable discussion of suburban Florida markets starts with a pithy quote: “Fortunately, our centers are not in Florida.”

That hurts. Florida has been in pain… Continue

Added by CREOPoint Managing Editor on August 5, 2009 at 11:51pm — No Comments

People need to be inspired to make the choices that create the new opportunities for themselves, their families, communities and countries.

Hope everybody finds this stimulating. Good night.

Deleverage, save, invest, spend within their means, make education choices that create greater opportunities, work full-time and go to school, start businesses, watch less TV, workout to stay healthy and reduce healthcare costs, keep your car an extra year, do homework with the kids, make an extra payment every year to pay your house off early, eat more fish and vegetables, etc. Sell your excess on EBay or give it to… Continue

Added by Mark Kingston on August 5, 2009 at 6:23pm — 3 Comments

Have you considered that the market may not want a perfect calculation of value?

Thought One:

Money is made in the arbitrage. Why would the capital markets want to screw that up?

It is not difficult to observe this reality. The idea of transparency is easily achieved. Yet everybody keeps their secret sauce. That hidden jewel of information that either gains them advantage in pricing or causes somebody else’s disadvantage.

Thought Two:

Is it not this same arbitrage and its continued reinvestment in the markets that have led to… Continue

Added by Mark Kingston on August 5, 2009 at 6:21pm — 3 Comments