REITs

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Latest blogosphere posts tagged “REITs”

  • Tracing the Commercial Real Estate Boom and Bust


    TrafficCourtAuthority Authority: 510
    Business Insider has an interesting chronology posted on its site tracing the rise and fall of commercial real estate that’s left us in a situation today in which we’re looking at a wave of defaults making its way through the industry. I’ve embedded the presentation below. It’s done in a slightly annoying ...
    3 hours ago
  • Paulson Adds $1.5 Billion Of Citi Stock, Sells Entire Goldman Stake And Some Bank Of America


    zero hedgeAuthority Authority: 771
    The latest Paulson & Co. 13F is out : the man who inspires a million hedge fund clone portfolios has made some interesting changes to his holdings. The most notable is the documented addition of 300 million share of Citigroup, a new position for the firm. Offsetting this is the sale of 8.2 million shares of Bank ...
    2 days ago
  • Costco Takes Manhattan; Banks Shake Off Toxic Loans (Friday’s News & Notes)


    TrafficCourtAuthority Authority: 510
    It was a mixed bag today in terms of news for the retail real estat industry. Costco’s announcement of its first store in Manhattan was encouraging. Wal-Mart’s warning that we might be in for a lackluster holiday shopping season was not. For some landlords, the break-down in leasing fundamentals is proving to ...
    2 days ago
  • Daily Credit Summary: November 12 - Deficit Schmeficit


    zero hedgeAuthority Authority: 771
    Following yesterdays modest rally in European credit, US opened tighter and rallied to the weeks tightest levels on jobless headlines and the Job Summit. Equities failed again at 1100 and helped by FHA comments, weak MBA apps data, and an outstanding effort on the deficit, slid gently lower. Credit wavered all but ...
    3 days ago
  • Tranche Warfare; Evaluations of TALF; Banks Adopt New Rules (Wednesday’s News & Notes)


    TrafficCourtAuthority Authority: 510
    Here are some recent news and notes about retail and retail real estate. Ready for tranche warfare? FinCriAdviser takes a good look at the brewing tensions building between senior and junior bondholders of CMBS debt. The story predicts we’ll see a fair number of lawsuits stemming from conflicts over how to ...
    4 days ago
  • Is Goldman Preparing To Upgrade The REIT Sector?


    zero hedgeAuthority Authority: 771
    Just when it seemed that all the stops had been pulled on the REIT juggernaut and nothing else would be able to surprise to the upside, save for Vornado finding an ancient Mayan city made of 24k gold in its back yard, after we read the attached research report on US REITs from Goldman analyst Jonathan Habermann, we ...
    5 days ago
  • Daily Credit Summary: November 10 - Basel Tov


    zero hedgeAuthority Authority: 771
    Spreads were mixed to slightly tighter in the major indices today despite negative breadth in single-names. HY outperformed IG as both indices saw inside days amid low volumes pre-holiday tomorrow. Financials outperformed non-financials but the financials were off their best levels by the close (as we suspect some ...
    5 days ago
  • The Future of Commercial Real Estate ETFs


    ETF TrendsAuthority Authority: 536
    As we take a moment to reflect on the past year, it becomes obvious that the housing market bust crippled the economy. What made this cyclical bust in the real estate and related exchange traded fund (ETF) markets different from the others?Unrealistic assumptions, multiple layers of investors and...
    5 days ago
  • Retail Sector to See More Closings in 2010; More Pain for Owners (Monday’s News & Notes)


    TrafficCourtAuthority Authority: 510
    As we head into the all-important November/December shopping season, the stakes are getting high for everyone involved. Some retailers are working on holiday sales strategies that will protect them from taking huge hits on prices, while others are mulling over further store closings. The retail industry’s ...
    6 days ago
  • Vanguard ETFs: How It Gained a Foothold In a Competitive Market


    ETF TrendsAuthority Authority: 536
    Vanguard was a relative latecomer to the exchange traded fund (ETF) industry, launching its first fund in 2001. But the firm has since become the third-largest ETF provider, thanks in part to low fees. Vanguard Group Inc. is already the largest U.S. stock and bond mutual fund manager, and now the...
    1 week ago
  • Los Angeles Luxury Rental Pains Accelerate As REIT BRE Properties Continues Feeling Goldman Anger (And Underperforming)


    zero hedgeAuthority Authority: 771
    If multi-apartment REIT BRE Properties is any indication of the housing "recovery" that is currently occurring on the West Coast, then look for several more decades of "exceptional" interest rates (when the exception is the norm, will any future rate hike be announced as exceptional as well... some time in 2020?). ...
    1 week ago
  • More Worries About Commercial Real Estate; NIMBY Wars; Dollar General’s IPO (Wednesday’s News & Notes)


    TrafficCourtAuthority Authority: 510
    More people are worrying about commercial real estate. A Reuters piece from earlier this week features comments from Jon Greenlee, associate director of the Fed’s Division of Banking Supervision and Regulation . Greenlee, remember, testified in a hearing before Congress in July on the precarious state of ...
    1 week ago
  • Blackstone Top Ticks Market Again, As Second IPO Pulled


    zero hedgeAuthority Authority: 771
    The IPO window has closed. Just like in 2007, Blackstone once again times the exit opportunity perfectly (too bad you cant IPO twice), while firms like AEI and now Aviv REIT end up having to pull their initial public offerings. And this one happens to be the triple whammy of not just an IPO, and not just a REIT, but ...
    1 week ago
  • Ross, Soros Slam Commercial Real Estate; New Bank Guidelines (Monday’s News & Notes)


    TrafficCourtAuthority Authority: 510
    I’m in need of some desperate catching up. There was a bunch of big headlines about the commercial real estate crash. The latest to talk about the impending doom in commercial real estate were Wilbur Ross who sees a “huge crash in commercial real estate coming” and George Soros , who talked of a ...
    2 weeks ago
  • Daily Credit Summary: October 30 - Vermicious Knids


    zero hedgeAuthority Authority: 771
    Spreads were broadly wider in the US as all the indices deteriorated (as IG and HY closed at their wides with the former making its largest jump wider since 10/01). IG trades 7.8bps wide (cheap) to its 50d moving average, which is a Z-Score of 1.3s.d.. At 109bps, IG has closed tighter on 63 days so far this year (217 ...
    2 weeks ago
  • Wilbur Ross: "The Beginning Of A Huge Crash In Commercial Real Estate"


    zero hedgeAuthority Authority: 771
    In what would could pass for Cohen & Steers worst nightmare, Wilbur Ross today said that he anticipates essentially an Armageddon for US commercial real estate. What we fail to see is how this is news... What we fail to see even more is how the hell REITs are still trading where they are? It must be all those ...
    2 weeks ago
  • Bloomberg Sector Focus: REITs


    Deal JunkieAuthority Authority: 122
    2 weeks ago
  • Downturn Might Be Over for Retailers; But Not for Landlords (Wednesday’s News & Notes)


    TrafficCourtAuthority Authority: 510
    The U.S. retail sector might have a ways to go before it could be considered anything close to healthy, but it seems recovery is beginning to take hold, with some chains finally looking at expansion. The commercial real estate sector, however, is still in very troubled waters, according to reports from the past few ...
    2 weeks ago
  • More Joint Ventures for Retail REITs


    TrafficCourtAuthority Authority: 510
    It’s been a popular year for joint ventures. Macerich has been the most aggressive about forming joint ventures to shore up its balance sheet. The moves put it in a better position for a common offering, which it recently announced . In the past couple of days, two other retail REITs have released details of ...
    2 weeks ago
  • Einhorn’s Top 10 Losing Shorts: REITs and Financials


    TopblankAuthority Authority: 163
    Einhorn’s Top 10 Losing Shorts: REITs and Financials
    2 weeks ago

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