Archive for April, 2010

Details on Proposals to Roll Back Tax Rates for Foreign Investment in Commercial Real Estate

Friday, April 30th, 2010

From John Johnson, CCIM - Atlanta, GA | According to Robert Schachat, Vice Chair of The Real Estate Roundtable, proposed Federal tax rules would encourage foreign investors to jump back into the U.S. commercial real estate market in a big way-perhaps by as much as $100 Billion in the near term, jump starting CRE sales. Investment International Magazine reports:

A plan to lower or get rid of US taxes currently imposed on foreign investors in the commercial real estate market is being considered.

Commercial Real Estate Report 4.19.10: Finding VALUE vs. “The Bottom”

Friday, April 30th, 2010

From Walt Arnold, CCIM, SIOR - Albuquerque, NM

>>> Click here to listen to the Commercial Real Estate Report for 4-19-10 <<<

Bob Clark, News Radio 770 KKOB: Walt, there have been some indicators that the economy is starting to turn. Have we seen the bottom of this commercial real estate market and more importantly are there opportunities in this market for investors?

Sperry Van Ness brokers assist in Albuquerque retailer expansion

Wednesday, April 28th, 2010

From Walt Arnold, CCIM, SIOR - Albuquerque, NM

Sperry Van Ness brokers Art Paterson and Greg Linde in our office recently assisted Shoe Box in relocating to 4850 Lincoln Road, under 13,500 sqft.

While many corporate retailers are downsizing, theShoe Box have expanded into 13,500 square feet at 4850 Lincoln Road NE, just north of I-25 and Montgomery on Pan American Fwy. They offer wholesale pricing on shoes and accessories to the general public. Partner Greg Stovall credits their success to being able to offer the latest shoe fashions at warehouse pricing. The move was not only to increase exposure from I-25 but make access more convenient for his customers.

A Summary of Current Market Trends or Reasons to Buy Now

Tuesday, April 27th, 2010

From Tom Vincent, CCIM - Chicago, IL | We listened to Bob White of Real Capital Analytics discuss the current CRE market and trends. The good news is that the market is starting to slowly come back. Highlights include:

  • Prices are starting to rise in the primary markets, driving down cap rates as there is more competition
  • Secondary and tertiary markets are about 6 months behind this trend
  • Many investors are sitting on the sidelines waiting to invest
  • Debt financing has begun to return for good properties though underwriting guidelines have changed mostly with financial institutions requiring more equity – down payments of 35-40% are common

Albuquerque Commercial Real Estate Report 4.12.10: Vacancy Solutions

Thursday, April 22nd, 2010

From Walt Arnold, CCIM, SIOR - Albuquerque, NM

>>> Click here to listen to the Commercial Real Estate Report for 4-12-10 <<<

Bob Clark, News Radio 770 KKOB: Walt you wanted to start with some creative solutions for landlords in helping them fill some “hard to fill” vacant spaces in their buildings.

Yes good morning Bob.  Leasing space is difficult these days and some spaces will be or have been vacant for over a year.  So here are hopefully some creative alternatives to leasing that might help fill some of those tough vacancies.

A Teeter-Totter Approach to Buying Commercial Real Estate

Sunday, April 18th, 2010

April 17, 2010, Steve Kawulok, Fort Collins CO | 2010 appears to be a time when the two-tier commercial real estate market becomes more evident. Good core properties remain at the top of the tier, and distressed “value opportunities” are populating the lower tier . These two tiers have been attracting investor interest, while the great middle market stagnates with little activity.

How can one determine whether a lower-tier property is really a value buy opportunity? A simple model of the playground teeter-totter might help!

Leo Wells Speaks on Real Estate, Debt & Presumption

Friday, April 16th, 2010

From John Johnson, CCIM - Atlanta, GA | This is a good video which clearly explains the tremendous run-up of CRE prices over the past few years.

From Atlanta’s CityBiz Real Estate:

Leo Wells, founder and president of Wells Real Estate Funds, spoke to members of the honorary board of the Real Estate Department at Georgia State University this week, about how the presumption of perpetual prosperity has landed many businesses in trouble today. Members of the board are among the leaders in commercial real estate in Atlanta.

Goldman international real estate fund only has $30 million

Friday, April 16th, 2010

From John Johnson, CCIM - Atlanta, GA | To hear and read pronouncements from Goldman Sachs over the years, one might think that they are the smartest people in the world. How could such bright people invest equity (presumably some of which came from investors??), totaling $1.8 Billion to invest in real estate assets, and have that equity stake now only be worth $30 million–a 98% in loss of value (as reported by “Financial Times”). Let’s see—-what brilliant former Goldman people are now helping run the US Government????

For a free subscription to read the article, click HERE.

Commercial Real Estate Report 3.29.10: Foreclosures & Bank-Owned Opportunities

Wednesday, April 14th, 2010

From Walt Arnold, SIOR, CCIM - Albuquerque, NM

>>> Click here to listen to the Commercial Real Estate report for 3-29-10 <<<

Bob Clark, News Radio 770 KKOB: Walt we have heard a lot about commercial real estate foreclosures and the coming wave of more foreclosures. Is this a good time to be looking at purchasing commercial real estate?

We are starting to see some properties make substantial discounts in their asking sale prices.  We sold an out of state bank owned office condo that started out at $170.00/sf which was already a discounted price and the final price was less than $120.00.  So the opportunities are starting to show up and lenders that need to sell their real estate are beginning to look deep discounts in pricing.   There will be buying opportunities in this market.

Albuquerque Commercial Real Estate Report 3.22.10: Property Management

Friday, April 9th, 2010

From Walt Arnold, SIOR, CCIM - Albuquerque, NM

>>> Click here to listen to the Commercial Real Estate 3.22.10 <<<

Bob Clark, News Radio 770 KKOB: Walt, you’ve mentioned property management services you provide. Can you tell us a little more about you’re commercial property management business?

Good morning, Bob.  We manage about 400,000 square feet of office and industrial real estate, not a huge amount but it keeps us busy.  With property management all you have to do is show up in the morning and the job shows up with you.  The details of  maintenance calls, paying bills, communicating with tenants, paying mortgages, supervising vendors and updating owners is a management task that requires discipline in managing the details.

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