Archive for May, 2010
Monday, May 31st, 2010
From Tom Vincent, CCIM - Chicago, IL | This CoStar article was posted mid week and although grim in some regards, is hopeful in others, but essentially good description of our current economic condition:
On an absolute level, commercial real estate lending remained depressed through the first quarter of 2010 and loan portfolio credit quality further weakened. However, there were significant variations between lenders, property types and borrowers.
Overall, first quarter commercial and multifamily mortgage loan originations were 12% higher than during the same period last year. But they were 26% lower than during the fourth quarter of 2009, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily mortgage originations.
This is a preview of CRE Lending Remains Constricted, but Loosening for Office and Retail . Read the full post (284 words, estimated 1:08 mins reading time)
Tags: 2010, assets, banks, borrowers, broker, buy, CMBS, commercial, credit quality, economy, Fed, financing, investing, investment, investments, lenders, lending, mortgages, Multifamily, office, real estate, recovery, Retail
Posted in Market Overviews | No Comments »
Sunday, May 30th, 2010
From John Johnson, CCIM - Atlanta, GA
 I received this article from the social media guide Mashable.com via a recent newsletter from the International Council of Shopping Centers, and wanted to share it because it reiterates the importance of keeping a critical focus on not only my own marketing objectives, but also on how information is being exchanged at a continuing rate change. In the first point, it mentions that globally the average person spends 6 hours per month on social media. That is a startling piece of information and this entire article really points out why individuals at the highest levels of companies must be aware of and involved in this incredible phenomenon.
Tags: executives, ICSC, marketing, real estate, social media
Posted in Miscellaneous | No Comments »
Thursday, May 27th, 2010
From Walt Arnold, CCIM, SIOR - Albuquerque, NM
>>> Click here to listen to the Commercial Real Estate Report for 5-24-10 <<<
 Bob Clark, News Radio 770 KKOB: Walt, you’ve talked before about the difficulties investment property owners are facing these days, what can property owners do to get through these tough times?
Good Morning Bob. Owners need to check their properties vital signs, possibly look at some preventative measures, call in a specialist or even perform cosmetic surgery if a property looks weathered or needs a boost. Wherever the property is in its life cycle the goal is to avoid emergencies and create strategies against plummeting values.
This is a preview of Albuquerque Commercial Real Estate Report 5.24.10: Property Prescriptions . Read the full post (490 words, 1 image, estimated 1:58 mins reading time)
Tags: asset, broker's opinion of value, commercial, cre, economy, for lease, investment, investors, leased space, listings, market, office, opportunities, property, property management, property values, radio show, real estate, Retail, taxes, tenant
Posted in Miscellaneous | No Comments »
Wednesday, May 26th, 2010
From Walt Arnold, CCIM, SIOR - Albuquerque, NM | Sperry Van Ness/Walt Arnold Commercial Brokerage, Inc. along with Matt Hart of Studley, Inc. represented Outcomes Health Information Solutions, LLC in securing a location at 7850 Jefferson NE, Albuquerque, NM. Outcomes has occupied approximately 19,000 square feet in the Ashcraft Real Estate owned property. Outcomes has taken advantage of the sublease market and has taken over a space in the property formerly occupied by Lifemasters. The space was in “move-in” condition, including furniture and infrastructure. Outcomes will eventually have 200-300 people at this location.
This is a preview of 19,000 SQFT of Albuquerque office space secured for Outcomes Health Information Solutions . Read the full post (123 words, estimated 30 secs reading time)
Tags: albuquerque, commercial, cre, for lease, healthcare, leased space, New Mexico, office, office market, property, real estate, sperry van ness, sublease, tenants, transactions, walt arnold
Posted in Miscellaneous | No Comments »
Wednesday, May 26th, 2010
From John Johnson, CCIM - Atlanta, GA | Via Bloomberg Businessweek:
Wells Fargo & Co. and LNR Property Corp. are each seeking to sell about $1 billion of distressed U.S. commercial real estate loans and assets, according to people briefed on the offerings.
Wells Fargo of San Francisco, the biggest U.S. commercial real estate lender, is taking bids on $500 million to $1 billion of office and hotel mortgages and properties, said four people, who asked not to be identified because the sale is private. LNR, the largest special servicer of commercial mortgage-backed securities, is trying to sell about $1 billion of defaulted loans, two people said.
This is a preview of Wells Fargo, LNR to Sell Billions in Distressed Real Estate . Read the full post (140 words, estimated 34 secs reading time)
Tags: assets, banks, commercial, Commercial Real Estate, cre, distressed, investments, investors, lender, lenders, LNR, loans, market, market value, problem loans, properties, real estate, sales, transactions, Wells Fargo
Posted in Distressed Assets | No Comments »
Tuesday, May 25th, 2010
From John Johnson, CCIM - Atlanta, GA | Via the Wall Street Journal, the number of banks on the “troubled” list increases even as the FDIC continues to close banks, with the number of such troubled (mostly community) banks now at 775 nationally.
While the first quarter of 2010 did see a return to profitability for a substantial segment of banks, the continuing deterioration of commercial loan portfolios also signals that new CRE loans will remain difficult to obtain. And with non-earning loans and mounting Other Real Estate (foreclosed properties) carried at values higher than the market will absorb, the ability of real estate brokers to list and sell such assets is severely constrained (extend, pretend, and hope).
This is a preview of U.S. Banks Post Profit, But Woes Persist . Read the full post (116 words, estimated 28 secs reading time)
Tags: assets, banks, commercial, Commercial Real Estate, cre, debt, defaults, distressed, economy, FDIC, loans, market, real estate, troubled banks
Posted in Distressed Assets | No Comments »
Monday, May 24th, 2010
From Walt Arnold, CCIM, SIOR - Albuquerque, NM
>>> Click here to listen to the Commercial Real Estate Report for 5-17-10! <<<
Bob Clark, News Radio 770 KKOB: Walt there was some news last week about BGK Group, can you give us some details?
Sure good morning Bob. BGK Group, which is the largest holder of commercial real estate in New Mexico with over 2 million square feet, was purchased by New York’s Rosemont Real Estate. Rosemont acquired a 51% controlling interest and will rename the company Rosemont Realty LLC. The headquarters will remain in Santa Fe.
This is a preview of Albuquerque Commercial Real Estate Report 5.17.10: The latest on BGK Group & others . Read the full post (422 words, estimated 1:41 mins reading time)
Tags: acquisitions, albuquerque, asset, BGK Group, capital, commercial, cre, for lease, investment, investors, leased space, liquidity, listings, market, New Mexico, office, opportunities, radio show, real estate, Retail, tenant, transactions, walt arnold
Posted in Market Overviews | No Comments »
Monday, May 24th, 2010
From Walt Arnold, CCIM, SIOR - Albuquerque, NM
>>> Click here to listen to the Commercial Real Estate Report for 5-10-10 <<<
Bob Clark, News Radio 770 KKOB: Walt you wanted to discuss how commercial real estate is valued and the different approaches to valuing commercial real estate.
Good morning Bob. Residential properties are usually valued in one way and that is by comparison approach or analyzing comparable properties. The market comparison approach is also used in commercial real estate. The comparison approach is analyzing similar properties in similar areas and adjusting values for any differences both positive and negative versus the subject property.
This is a preview of Albuquerque Commercial Real Estate Report 5.10.10: 3 Approaches to Valuing CRE . Read the full post (539 words, estimated 2:09 mins reading time)
Tags: acquisitions, albuquerque, asset, broker's opinion of value, cap rate, capital, commercial, cost analysis, cost approach valuation, cre, income approach valuation, investments, investors, leased space, market comparison, opportunities, price analysis, property values, radio show, real estate, sperry van ness, valuation, walt arnold
Posted in Miscellaneous | No Comments »
Wednesday, May 19th, 2010
By: Robert J. Pliska, CRE, CPA, Birmingham (Detroit), Michigan
In these more difficult times in investment, residential and commercial real estate, we continually try to find ways to obtain additional income. This income can be received differently than our typical core business. One approach being used is to refer business to others and get actual cash referral fees or at minimum a pat on the back where the referring beneficiary will feel obligated to pay you back in some way.
This is a preview of Referral Rewards - They’re Yours For the Advice! . Read the full post (494 words, estimated 1:59 mins reading time)
Posted in Uncategorized | No Comments »
Tuesday, May 18th, 2010
By: Robert J. Pliska, CRE, CPA, Birmingham (Detroit), Michigan
Investment, residential and commercial real estate has been very trying in the last few years. An area that may help you as a real estate owner, investor and/or broker/advisor is to improve your attitude and your mental psych. A way to do this is to latch on to a few quotes that you feel appropriate to keep your enthusiasm up, provide momentum to get through a crisis, add a little humor to a difficult situation, use to close the next deal, provide impetus for a good return on your investment and any other way you see appropriate.. This has helped me as an investment and commercial real estate advisor and helped many of my clients get through these trying times. After all, history has shown that many have gone through worse battles than we are experiencing and they found a way to be positive and have the will and perseverance to continue forward and eventually achieve success.
This is a preview of Using Quotes to Achieve Success In Investment, Residential and Commercial Real Estate . Read the full post (952 words, estimated 3:48 mins reading time)
Posted in Uncategorized | No Comments »
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