Written by Marc Courtenay of Property Manager.com
The facts and statistics speak for themselves. The number of people losing their homes by default and foreclosure procedure is soaring…
Archive for the ‘Market Overviews’ Category
Housing Crisis is an Ongoing Regional Opportunity
Wednesday, January 19th, 2011From Short Sales to Loan Sales
Monday, December 20th, 2010It seems as though short sales are becoming common transactions throughout the residential side of the business. Prominent residential real estate companies in Chicago now tout themselves as Short Sale specialists. Not that there is anything wrong with this, but it goes to show how the residential industry has changed when it comes to getting deals done. While short sales seem to be a solution when one faces losing his equity or losing his home, the commercial real estate side of the business has many more options for a distressed property owner.
The #CRE Buying Window is Open, as Corner-Turning Evidence Mounts
Sunday, December 5th, 2010
Popular water cooler talk about our ailing commercial real estate marketplace may now be “so-2009″. Evidence continues to mount that we have turned the corner on several levels. Most know that job creation must recover to make up for lost time, but market-timing indicators are very favorable for users and investors of commercial real estate. The window for good opportunity is wide open right now.
Have Commercial Real Estate Prices Bottomed Out?
Friday, November 5th, 2010
From Sperry Van Ness Accelerated Marketing | Atlanta, GA - As we have been writing over the past 3 or 4 weeks, there are more and more signs and reports that commercial real estate prices may be at or very near to the bottom. Perhaps the election results will also have a positive effect on commercial real estate. The latest report comes from CoStar, offering:
Investment grade real estate continued its positive trend from August with a strong 5.48% increase in September, according to CoStar Group’s newly released Commercial Repeat-Sale Indices (CCRSI).
Moody’s reports commercial property conditions improve
Wednesday, October 27th, 2010
From Sperry Van Ness Accelerate Marketing | Atlanta, GA - According to Bloomberg, commercial real estate is “moving up.” This would help to confirm the sense we are also getting that conditions are improving. From our Sperry Van Ness associates nationally, activity is increasing. And more sellers are now ready to consider using auctions to move commercial real estate. The article begins:
Conditions in the commercial real estate market improved nationwide in the third quarter with all seven property types moving out of weak rankings, a study released by Moody’s Investors Services on Thursday showed.
The Generalist vs. The Specialist
Wednesday, October 13th, 2010At Sperry Van Ness, a 23-year-old National Commercial Real Estate Company, there has been an ongoing debate whether it is better to be a Generalist or a Specialist when it comes to one’s professional focus. The commercial industry is made up of many different disciplines from which an Advisor may choose. We have retail, office, multi-family, industrial and other less known categorizes such as self-storage, hospitality, sale/leaseback and auctions. There is also the distinction of sales or leasing within most of the specialties listed above, and often times leasing can be broken down by tenant representation and landlord representation or even suburban versus urban properties and clients. The Specialist is an Advisor who picks one of these product types and focuses on offering the best possible services to his or her clients in that specific area of expertise. Historically this has been a great way to pursue the industry and to complete transactions.
CMBS Delinquencies Still Rising
Monday, October 11th, 2010
From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM — A new posting by The Distressed Debt Alert points out that CMBS problems continue to grow, with hotel loans remaining the worst-hit. The report states:
Loans on hotels properties once again showed the sharpest increase in delinquencies of the major property groups, with a 41-basis-point jump, bringing the rate to 19.33%. At the other end of the spectrum, multifamily-housing delinquencies dipped 10 basis points to 14.43%.
For the full report, click HERE.
Are Commercial Real Estate Loan Prices On The Rise?
Monday, October 4th, 2010
From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM — Atlanta’s citybizlist.com Real Estate section recently reports that Dr. Sam Chandon, Chief Economist of Real Capital Analytics, says that international buyers of U.S. commercial real estate have increased their activity, especially in 5 major markets: Washington DC, Chicago, New York, Los Angeles, and San Francisco. RCA opines that 3rd quarter is to be 15 - 20% over the second quarter of 2010. Separately, valuation of Commercial Loan Sales has seen another uptick, according to DebtX. Could this be a shift in the right direction for CRE? Are you hearing more from international investors?
Completing the #CRE smile
Monday, September 20th, 2010September 20, 2010. by: Steve Kawulok.
CoStar Repeat Sale Indices: Distress Contributing to a ‘Shaky Bottom’ for CRE Sales, Pricing
Wednesday, September 8th, 2010
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.