Have Commercial Real Estate Prices Bottomed Out?

November 5th, 2010

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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).

Social Media - Identifying the Opportunities!

November 4th, 2010

Recently, I was asked to give a social media presentation to the Counselors of Real Estate of the National Association of Realtors at their national convention held in Philadelphia. The topic: Social Media - Identifying the Opportunities! This was to a group of very experienced real estate professionals who were questioning the benefits to them if they got involved. Attendees were highly complimentary, commenting on the program’s relevance and content.

Attached below is my outline which may be helpful to you on your decisions on how much time you should spend in social media and the rate of return for your time spent. Your only real cost is your time.  The presentation primarily focused on three social media venues – LinkedIn, Twitter and Facebook.

Distress Showing Every Sign of a Plateau via GlobeSt.com

November 1st, 2010

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA - We are seeing more reports almost daily that we may be at least near equilibrium regarding distressed CRE. The latest report from GlobeSt.com offers:

Delta Associates will report later today that US distressed commercial real estate has hit a plateau. If that sounds familiar, it is–the research firm declared in its last quarterly report that signs were mounting that distress was peaking and heading into a long period of plateau. “We were right,” Delta CEO Greg Leisch tells GlobeSt.com.

For the rest of the story, click HERE.

Upcoming November Auctions

October 30th, 2010

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA - We have some auctions coming up in November:

Triple Net & Send Me the Check!

October 27th, 2010

There’s a new player seated at the triple-net investment table, and its ante is being tossed-in from sales of dental floss, shop rags, and Spam to moderate-income Americana. The player, Dollar General Stores (NYSE:DG), is no stranger to the real estate investment community, but until this year its leases had mainly been attractive only to local, regional, or “one-off” purchasers. That changed in early 2010 when DG rolled out its latest investment product—the 15-Year NNN lease. These leases, which require no landlord responsibilities, have attracted sizable attention from institutional and national investors which had previously viewed DG leases as too cumbersome, unpredictable, and/or management-intensive.

Moody’s reports commercial property conditions improve

October 27th, 2010

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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.

100% Company-Wide Adoption of Social Media at Sperry Van Ness

October 23rd, 2010

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Sperry Van Ness is the only global commercial real estate firm to have 100% company wide adoption of social media. We keep up with market conditions as they happen and broadening our reach to a real-time audience. Watch this video to learn why we believe in social media. It’s changing the way we do business.

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Big news about the lift on foreclosure freezes

October 21st, 2010

 

 

 

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA - We’re seeing many headlines this week on Bank of America’s and GMAC’s announcements that they will resume foreclosure filings. Coverage ranges from positive to indifferent to negative. Regardless, this news prolongs turmoil that is swirling within many banks, and continues to impact their stock prices.  Stock prices need to rebound for banks to feel comfortable in continuing to dispose of non-earning assets (foreclosed properties and non-performing loans).

Banks Restart Foreclosures via WSJ.com

Mortgage Securities Show U.S. Foreclosure Crisis Overblown: Credit Markets via Bloomberg

SVN Partners with AuctionPoint Online for Commercial Real Estate Auctions

October 21st, 2010

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA - Earlier this year, Sperry Van Ness’ auction team, Sperry Van Ness Accelerated Marketing, inked a strategic partnership agreement with online commercial property platform AuctionPoint. Through this agreement, AuctionPoint will power all of Sperry Van Ness’ online auctions.

This partnership allows Sperry Van Ness to offer property-specific online auction websites complete with property details, pictures and due diligence materials.  Bidders can enter an auction room and register to place a bid, and brokers will be able to qualify each bidder.  On auction day, buyers place bids in real time, creating market efficiency through technology.

Commercial Real Estate Wanted: Retail / Shopping Centers

October 21st, 2010

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From Tom Vincent, CCIM | Chicago, IL — We have a client looking for commercial real estate investment opportunities, specificially for retail/shopping centers listed at $3 TO $4.5 MILLION.  Below are the qualifiers:

LOCATION: Chicago, Dallas, Philidelphia, Ft Lauderdale & West Palm Beach

PROPERTY: Class B+ to A Centers only

Major Retail Hub Locations

Open CAP Rates

Please contact Tom Vincent, CCIM at (847) 963-1031 or email him at vincentt@svn.com.

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