Archive for June, 2010

Frankel of Urdang sees reasons for CRE optimism

Tuesday, June 29th, 2010

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In this short video clip, Dean Frankel, Urdang Securities Portfolio Manager, points to multiple sectors of the CRE markets in which he sees significant reasons for optimism. Frankel thinks that the fundamentals have bottomed in many sectors and activity is starting. However, because of the long downturn, there is a lack of supply, and a long (6 month to 2 year) timeline to refill the pipeline.

Click below to watch this interesting and informative 3 minute video.

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Get to know SVN Accelerated Marketing

Tuesday, June 29th, 2010

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From John Johnson, CCIM | Atlanta, GA - What does it mean to accelerate? Sperry Van Ness Accelerated Marketing Advisors are America’s leading providers for special asset solutions. Our team is fully integrated with Sperry Van Ness International which enables our clients to capitalize on local market knowledge with product specialists who augment our commercial auctions and sealed bid initiatives.  The team is designed for:

  • speed
  • transparency
  • maximizing valuation
  • open competition
  • shorter transaction lifecycle
  • accelerated closing

To learn more visit www.SVNauctions.com or email your questions to john.johnson@svn.com.

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Bargain Hunters Not in the (Commercial Real Estate) Game - Who Is?

Monday, June 28th, 2010

(June 18,2010, Fort Collins CO), submitted by Steve Kawulok

Investors seeking bargain basement pricing on commercial real estate have just not been active players in this market. These investors typically look for deep discount “by-the-pound” pricing. They have either not been satisfied that the market has reached the bottom, or they do not have the capacity to actually purchase properties. While the inquiry level of these market players has certainly been strong, the ability to act on deals has not yet revealed itself in any significant way in our observation.

Commercial Real Estate Report 6.21.10: Retail Markets

Thursday, June 24th, 2010

From Walt Arnold, CCIM, SIOR | Albuquerque, NM

>>> Click here to listen to the Commercial Real Estate Report for 6-21-10! <<<

Bob Clark, News Radio 770 KKOB: Walt you wanted to talk about the retail market, what do you have for us?

The retail market is trying to get up off canvas. It has been knocked down by the one-two punch of the credit crisis and the weak economic recovery. In 2007 retail investment sales across the country were 78 Billion, in 2009 retail investment sales slid to 17 Billion.

Retail investment activity has increased slightly this year both in supply of properties available and buyer interest.

One part of the buyer interest is a narrowing of the bid/ask gap in pricing, which is critical to get properties listed and sold. And there have been some reports of regional banks and credit unions opening up lending for the right asset. The flow of capital is crucial.

Bob: What will it take for retail investment sales to improve and what is going to take to get the retail market out of its current condition?

The economy is going to have to improve significantly. That said one area that is starting to show some signs of life are the single tenant triple net leased properties. One key factor is that buyers are now looking for stability and cash flow. So this is a good sign for the retail investment market although a small one. As I said one group of investors is the triple net buyer; the other is the optimistic buyers looking for distressed assets.

And it could be a while before the distressed assets are dealt with by lenderseither through foreclosure or loan restructuring of those assets. According to Real Capital Analytics 41.7 billion in

Commercial Real Estate Report 6.14.10: Leasing Commercial Space

Monday, June 21st, 2010

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From Walt Arnold, CCIM, SIOR | Albuquerque, NM

>>> Click here to listen to the Commercial Real Estate Report for 6-14-10! <<<

Bob Clark, News Radio 770 KKOB:  Walt, If a company is interested in leasing a commercial property what do they need to think about?

This process is called tenant representation and it is a process that helps companies analyze the best alternatives in the lease market. At Sperry Van Ness we have a well defined process that coordinates all the variables in the market ending with the best decision for a tenant.

But, what companies need to consider is this:

First, get out your lease today and find out when it expires and see if there are any options or provisions to remain past the expiration date.

Once you know when the lease expires and also know that the space isn’t meeting your needs any longer, get in touch with me at Sperry Van Ness and we can explain the process of tenant representation.

Landlords deal with leases all the time, most tenants deal with it once every three to five years. So it is definitely a benefit to a tenant to work with a commercial broker on looking for lease space or considering a renewal.

Bob: Is there a certain time a tenant should begin thinking about moving, how long before the lease expires should a company plan for a move.

The best answer for that is, it varies, and it varies by the size of the tenant. A smaller tenant can usually make the decisions

Albuquerque continues to grow in population

Friday, June 18th, 2010

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From Walt Arnold, CCIM, SIOR | Albuquerque, NM - A recent study in New Mexico Business Weekly reports a 16% growth over the last decade with good marks for advanced college degrees and jobless rate. And of course personally, I can see the attraction! People want to enjoy the desert southwest and quality of life in New Mexico’s largest city. No hurricanes, tornadoes, floods, earthquakes and a great quality of life that allows for snow skiing and golf on the same day in the winter and in the summers with the mile high elevation rarely a 100 degree day with low humidity (it’s a dry heat)!

Commercial Real Estate Report 6.7.10: Back to Basics

Saturday, June 12th, 2010

From Walt Arnold, CCIM, SIOR | Albuquerque, NM

>>> Click here to listen to the Commercial Real Estate Report for 6-7-10! <<<

Bob Clark, News Radio 770 KKOB: Walt, you wanted to talk about the conflicting commercial real estate market. What is going on?

Bob, it seems like when I read the paper there is a lot of contradictory information. One headline reads “Pending Sales Up”; the next says “Foreclosures could delay real estate recovery.”  Another headline is “Buyers are waiting to buy”, followed by “Retail growth shows recovery.”

Commercial real estate: The crash that never came

Thursday, June 10th, 2010

Is there really doom and gloom in commercial real estate, or were the warnings all hype? A recent CNN Money article “Wasn’t commercial real estate supposed to crash?” begins:

During the long years of the financial crisis, the American economy has been like a retelling of the Somerset Maugham story “Appointment in Samarra,” in which a man unsuccessfully runs from city to city in attempts to avoid a run-in with Death — who, of course, is one step ahead of him. Similarly, investors have now spent years dodging disaster in one area of the markets, only to find their investments coming to a bad end elsewhere.

Manhattan Office Market on the way up

Wednesday, June 9th, 2010

From John Johnson, CCIM - Atlanta, GA | According to the New York Times, after a huge drop in Manhattan office prices, there has been a rebound approaching a 35% increase over the low point of just several months ago. While volume is low, there have been a few closings and several others are pending. And the business climate in NYC is picking up. The Times article indicates that rental rates may be heading up within a year. Read the entire story at: It’s Just a Few Deals, but the Office Market Is Stirring

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Commercial Real Estate Professionals Can Make A Difference

Sunday, June 6th, 2010

As commercial, investment and residential real estate professionals, it is helpful to give back to your community. It may assist you in your being recognized in the communities you serve. Just received a Humanitarian Award from Sperry Van Ness and was recognized in my community for my support of charitable organizations and continual involvement with civic and community activities throughout the community and across the United States. This activity increases your visibility and makes you a professional that people like, trust and want to do business with. See http://bit.ly/cSzxLc

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