Archive for the ‘Market Overviews’ Category
Friday, July 16th, 2010
From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM — Interesting how some “experts” are predicting a recovery in the commercial real estate arena. Those who have been closely following the CRE market for any time must wonder what tea leaves the editors of these three sources are reading. Perhaps they are not aware of the bifurcation that has been occurring in the CRE market for the past 6 - 8 weeks, with cap rates dropping for the highest quality NNN leased properties, but other commercial real estate prices still dropping. How could they have missed the fact that close to $1 Trillion of commercial real estate loans are coming due between now and the end of 2012? Read and draw your own conclusions. From Retail Traffic Magazine:
This is a preview of Time, MSNBC & Fortune All Proclaim Commercial Real Estate Recovery . Read the full post (528 words, 1 image, estimated 2:07 mins reading time)
Tags: capital, CMBS, commercial, Commercial Real Estate, Fed, financing, market reports, mortgages, property index, real estate, reports
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Wednesday, July 14th, 2010
I recently came across this article on businessinsider.com, indicating the impending pipeline of commercial real estate opening up and a “flurry of purchasing activity.” Morningstar analyst Todd Lukasik offers a report on activity:
Morningstar analyst Todd Lukasik expects a flurry of purchase activity in the commercial real estate space, starting now and then intensifying in 2011 and 2012.
It’s not so much that the commercial real estate market is healthy, but rather that there will be massive amounts of distressed properties as many property owners’ untenable debt burdens come due. (For more background, see a previous post here)
Tags: 2011, 2012, activity, apartments, capital, commercial, Commercial Real Estate, cre, distressed, economy, healthcare, markets, multi, office, pipeline, properties, real estate, Retail, sales, self-storage, tom vincent
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Tuesday, July 13th, 2010
>>> Click here to listen to the Commercial Real Estate Report for 6-28-10 <<<
Bob Clark, News Radio 770 KKOB: Walt, you wanted to start with a comment on the closure of High Desert Bank last Friday.
Yes, good morning Bob. There was another bank failure in Albuquerque on Friday, High Desert Bank was closed by state regulators and will open up on Monday as First American Bank of Artesia. Banks continue to struggle with regulators and the increased requirements for cash reserves and capital. As we go forward we will unfortunately see this probably play out again as the banking sector continues to struggle with non-performing commercial real estate and development loans that have put a strain on the health of banks.
Bob: What else do you have for us?
I wanted to talk today about how in this tough environment if someone is considering listing a property for sale or lease it is important to analyze the real estate company hired to get the property sold or leased. And in this economy you need a company that has the strength and resources to get it done.
Sperry Van Ness has the tools and the people to get properties sold and leased. We provide a comprehensive proposal and marketing plan to properly position the property in the market. Once listed the listing is immediately distributed to numerous listing portals such as Loopnet and Property Line. Through our 575 marketing approach we can target the most likely prospects for the property and contact them either directly or through our e-mail or direct mail marketing campaigns and provide detailed monthly reports of the progress.
Bob: Walt, aren’t these similar to what other companies can do when they list a property for sale or lease?
They might develop a marketing plan, make a flyer and put up a sign, but Sperry Van Ness goes the extra mile to serve our clients. We split all of our fees 50/50 with the selling broker and that doesn’t always happen in commercial real estate. We want to encourage and incentivize other real estate brokers to bring their buyers to the property.
This is a preview of Albuquerque Commercial Real Estate Report 6.28.10: Bank Failures . Read the full post (510 words, 1 image, estimated 2:02 mins reading time)
Tags: albuquerque, bank failure, banks, capital, cash reserves, commercial, cre, development loans, econo, First American Bank of Artesia, for sale, High Desert Bank, leased space, non-performing, properties, real estate, recession, regulators, sperry van ness, split commissions, walt arnold
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Friday, July 2nd, 2010
From Walt Arnold, CCIM, SIOR | Albuquerque, NM - April’s issue of Western Real Estate Business featured a highlight on the Albuquerque, N.M. retail market supplied by Sperry Van Ness/Walt Arnold Commercial Real Estate. Take a look at what makes Albuquerque stand out:
This is a preview of Albuquerque, NM retail market featured in Western Real Estate Business . Read the full post (390 words, 1 image, estimated 1:34 mins reading time)
Tags: absorption, albuquerque, broker's opinion of value, commercial, cre, in the news, landlords, leased space, market report, new construction, New Mexico, property, real estate, Retail, sperry van ness, tenant representation, tenants, vacancy, walt arnold
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Tuesday, June 29th, 2010
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.
Click HERE to read my other blog posts.
Tags: 2010, activity, asset class, assets, commercial, Commercial Real Estate, cre, deals, distressed, economic forecast, economy, investors, John Johnson, market, market sectors, national, real estate, reports, supply, transactions, video
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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.
This is a preview of Bargain Hunters Not in the (Commercial Real Estate) Game - Who Is? . Read the full post (502 words, estimated 2:00 mins reading time)
Tags: bargain real estate, Commercial Real Estate, market players in commercial real estate, real estate opportunities, real estate strategies
Posted in Distressed Assets, Market Overviews | No Comments »
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
This is a preview of Commercial Real Estate Report 6.21.10: Retail Markets . Read the full post (520 words, 1 image, estimated 2:05 mins reading time)
Tags: albuquerque, asset, bid/ask, commercial, cre, economy, for lease, investments, leased space, market, market report, national markets, Real Capital Analytics, real estate, recession, Retail, single tenant, tenants, Triple-net-lease, walt arnold
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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.”
This is a preview of Commercial Real Estate Report 6.7.10: Back to Basics . Read the full post (469 words, estimated 1:53 mins reading time)
Tags: 575 program, accelerated marketing, albuquerque, commercial, cre, economy, headlines, investments, investors, market, market report, online publishing system, opportunities, property expenses, property income, radio show, real estate, recovery, sperry van ness, walt arnold
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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.
This is a preview of Commercial real estate: The crash that never came . Read the full post (298 words, estimated 1:12 mins reading time)
Tags: assets, banks, buyer, CMBS, commercial, Commercial Real Estate, crash, cre, defaults, distressed, economic forecast, economy, foreclosures, investors, John Johnson, lenders, loans, market, market Volatility, national, properties, real estate, reports, transactions
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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
Click HERE to read my other blog posts.
Tags: asset class, assets, buyer, commercial, Commercial Real Estate, cre, deals, distressed, economy, investors, lender, loans, Manhattan, market, New York, NYC, office, properties, real estate, reports, sales, seller, transactions
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