Every month there seems to be more and more negative reports about commercial real estate. The downturn brings out doom and gloom forecasts from every direction. But with so much information available investors are ignoring important facts and assets of my home state of Florida. If ever there were a time of opportunity to take advantage of market conditions; it is now. As the national press reports “with vacancy growing and rents falling, commercial property values are in the midst of the biggest drop since the Great Depression”. I couldn’t agree more – thus the opportunity! But how and where you ask?
Archive for November, 2009
Florida Commercial Real Estate Is a Land Of Opportunity
Monday, November 16th, 2009Interview: Commercial Real Estate Auctions Rev Up
Monday, November 16th, 2009ATLANTA, GA, Nov., 16, 2009 - (by John Johnson, CCIM)
Recently, I lent my perspectives on the real estate auction world to Investor’s Business Daily. Auctions are gaining focus right now, with hopes to bring back a realistic sense of fair market value:
Many owners who bought property in the last five years are now upside-down on their loans and have no way out, says John Johnson, head of the Accelerated Marketing unit of Sperry Van Ness.
The commercial real estate firm conducts dozens of live auctions across the U.S. every year. But in today’s market, it runs few reserve sales, which allow the seller to accept or decline the final bid.
Going From Mark-To-Market to Mark-To-Make Believe!
Saturday, November 7th, 2009By Robert Pliska
Have we gone from “mark-to-market” to “mark-to-make believe”? The FDIC just released its policy statement - Prudent Commercial Real Estate Loan Workouts. The FDIC’s purpose is provide transparency and consistency to commercial real estate workout transactions and not curtail the availability of credit to sound borrowers. While the FDIC’s intentions are honorable, the policy may provide the opposite effect – lack of transparency and consistency and extending the lack of credit to sound borrowers.
Retail interview in The Virginia Gazette
Tuesday, November 3rd, 2009RICHMOND, VA, Nov., 3, 2009 - (by Jim Tucker, CCIM) Last week a great article came out in the Virginia Gazette about a relatively new retail project in the James City-Williamsburg area called New Town. In this economic climate of course the project has faced the same challenges as every other retail center large or small, old or new, but in New Town’s case they are surviving better than most despite the conditions.
Bringing the Pieces of the CRE Puzzle Together
Sunday, November 1st, 2009By: Jerry Hall, CCIM
Now may be the most opportune time to acquire investment real estate. All of the pieces of the Commercial Real Estate puzzle are starting to align – reasonably priced properties are on the market, loans are being approved, and the U.S. Gross Domestic Product (GDP) is on the rise. I have been advising my investors to seriously look at the market now!! Sitting back and waiting for the market to hit the absolute bottom will have you entering the game late. Every other investor, local and institutional, will be there competing against you in a feeding frenzy and you will most likely get caught up in a bidding war, thus paying more for properties.