Archive for September, 2010

Real estate money managers stanch the bleeding

Tuesday, September 28th, 2010

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From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM - Recently reported on InvestmentNews.com, real estate money managers are still seeing a loss in value of holdings, but well below the loss levels of 2009. According to Gary Koster of Ernst & Young, “Transactions are low, and competition for institutional-quality assets is very high.”  He thinks that several managers will not survive: “Managers that treated investors well have built up brand loyalty, and investors are narrowing their manager choices to a very controllable few. As a result, managers are in reputation-grooming mode.”

To read the full story on InvestmentNews.com, click >>> HERE.

Completing the #CRE smile

Monday, September 20th, 2010
September 20, 2010.  by: Steve Kawulok.
 
 
 

 

Homebuilders Revive Stalled U.S. Projects as Banks Unload Lots

Monday, September 13th, 2010

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From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM - The 12 largest homebuilders have been buying developed lots at distressed prices for several months, and the actuations continue. And they are starting to build new homes, even in the face of declining prices and more foreclosures and other resales on the market. But they are taking advantage of buying lots at cheap prices, perhaps repositioning the development

(downscale), and often building smaller houses. Is it a good strategy to add new inventory at this time?

Read the full article from Bloomberg HERE.

Upcoming Auction: Preston Crossing Retail Land Parcel

Friday, September 10th, 2010

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Preston Crossing Retail Development

From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM - LENDER APPROVED ABSOLUTE AUCTION (Sells to the high bidder, regardless of price.) FRIDAY, SEPTEMBER 17, 2010 PM EDT AT 12:30 PM EDT (off-site at the Hilton Garden Inn Airport, 2735 Crittenden Drive, Louisville, KY 40209).  Map This Property! | Property Information Packet

High profile 16.67 acre development land parcel well zoned C-2 with all utilities ready for your development plan or ready for your development plan or ready for your purchase as a “Land Bank”. Frontage on the Snyder Freeway (1-265) and easy access from the Preston Highway (Exit 12). Zoning Rare and flexible C-2 zoning allows for all retail/commercial uses under local zoning regulations.

CoStar Repeat Sale Indices: Distress Contributing to a ‘Shaky Bottom’ for CRE Sales, Pricing

Wednesday, September 8th, 2010

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From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM - According to CoStar, the surge in investment grade CRE prices in May could have been an aberration, stating that such prices have fallen 10% in the last two months, almost completely erasing the May gain. And yet general commercial real estate prices have shown increases recently. With substantial distressed volume occurring, CoStar opines that this is a “shaky bottom.”

To read the full article, click HERE.

NPR reports on “The Post-Crisis Decade: More Ugliness To Come”

Wednesday, September 8th, 2010

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From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM - This week NPR’s money blog reports our economy should expect more turmoil based on studies of prior financial crises.  With these findings in mind, could we have seven more years to “recover” from the current economic mess?  NPR reports:

It’s been three years since the subprime mortgage market fell apart and the financial crisis started to gain steam. Shouldn’t things be looking up by now?

No, according to a new study of more than a dozen financial crises from the past century. Far from it.

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