commercial real estate investing

Welcome to the 'commercial real estate investing' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'commercial real estate investing'.

Latest blogosphere posts tagged “commercial real estate investing”

• CalPERS Considers Showing Blackrock The Door

  
  Square Feet — Authority: 570
  The WSJ is reporting that CalPERS is considering dropping Blackrock as an investment advisor to the pension fund after a disastrous year. Amongst the investments Blackrock steered CalPERS into was the Stuyvesant Town/Peter Cooper Village deal in NY. That deal has very likely cost CalPERS all of its investment of ...
  1 day ago

• Tax Implications of Loan Forgiveness

  
  Square Feet — Authority: 570
  There is an article in the latest issue of the NAR’s Commnews Roundup discussing the downside of loan forgiveness as far as taxes are concerned. We weren’t able to locate the article online, so we’ll give you a synopsis:Provisions of the economic stimulus legislation permit CRE owners to postpone tax liability ...
  3 days ago

• Property Tax Appeals: The Impact on Government, Landlord, and Tenants

  
  Square Feet — Authority: 570
  Over 1,000 San Francisco property owners have filed petitions with the City of San Francisco to have their property taxes reduced. The same is for virtually every other city as property prices have fell dramatically.Jose Guevara is property manager for Crocker Galleria, which has requested a 62 percent reduction in ...
  6 days ago

• Heading North – CA Unemployment Up To 12.5%; Santa Clara County 11.9%

  
  Square Feet — Authority: 570
  The EDD released unemployment figures today, and the rate was up to 12.5% in October, a 20 basis point increase from September’s 12.3%. Last year, it was 8% in October signalling a 50% year-over-year increase! In raw numbers, year-over-year, we’ve shed nearly a million jobs in California alone total, nearly 700K ...
  1 week ago

• Crescent Down, San Francisco EOP Assets To Go

  
  Square Feet — Authority: 570
  In the news today is Morgan Stanley’s handing back of the keys on the Crescent Real Estate nightmare they acquired two years ago. The nightmare wasn’t that they were bad assets, the nightmare was the price paid for the portfolio and the subsequent fall in the market.We were out in front of the Crescent deal. [...]
  1 week ago

• Round Trip For 17M SF of Property as Morgan Stanley Hands Back The Keys

  
  Square Feet — Authority: 570
  Morgan Stanley has officially handed the keys back on the Crescent portfolio we posted on last month. Including debt, Morgan picked up Crescent Real Estate Equities for $6.5B. The portfolio consists of some 17M SF of commercial and hospitality product. After providing Morgan with a 3-month extension back in August, ...
  1 week ago

• HNN Compiling List of Funds Targeting Hotels

  
  Square Feet — Authority: 570
  HNN has begun to compile a list of funds seeking to invest in hospitality assets. The list compiled so far indicates that there is about $38B out there chasing hotels, though some $20B of that comes out of of Blackstone and Lone Star. Click the link before to go to the list.Given that hotels have [...]
  1 week ago

• Sam Zell Tells Wilbur Ross To Piss Off

  
  Square Feet — Authority: 570
  Speaking at the Capital Markets conference in New York, Sam Zell took a few shots at “experts” such as Wilbur Ross who were predicting widespread problems in the commercial real estate arena.Apparently taking issue with recent comments Mr. Ross made to the press about a huge crash hitting commercial property ...
  1 week ago

• Oversubscribed DDR CMBS Deal Prompts Bank of America To Prepare $460M Fortress Deal

  
  Square Feet — Authority: 570
  The commercial mortgage backed securities issued earlier this week on the back of DDR retail assets has caught the attention of others who were closely monitoring that issue. Some reports indicated that the DDR deal was up to 10x oversubscribed. So, not only is a follow on issue for DDR said to be in the [...]
  1 week ago

• Commercial Real Estate Will Collapse!

  
  Square Feet — Authority: 570
  How’s that for a title? That’s the title of a Forbes article out today by Stuart Saft, a partner at law firm Dewey & LeBoeuf who makes the argument that court decisions could be the nail in the coffin. We’ve discussed some of the decisions here, including the Citigroup deal in New York.In the last [...]
  1 week ago

• Wrap Mortgage ( A.k.a. Wrap-Around Mortgage): What is It?

  
  The Commercial Real Estate HandBlog — Authority: 110
  Jefferson Memorial was purchased on a Wrap.....okay okay...that is not true Greetings from Washington D.C. (actually…not anymore…but when I wrote this…that’s where  I was…as if you cared).  Still my favorite metropolis (other than Cedar Crest, NM…of course). Anyway…. With all that is happening with ...
  1 week ago

• Starwood Properties’ Barry Sternlicht on CNBC

  
  Square Feet — Authority: 570
  More of the same ….“12 to 15 million homes stuck on bank’s balance sheets”“REITs can’t play in Land”“Lots of interest offshore”“They’d rather buy our office buildings rather than our treasury bonds”“Construction loan is a 4-letter word”
  1 week ago

• 1 in 6 FHA Loans Delinquent

  
  Square Feet — Authority: 570
  One in six FHA loans are delinquent, and a full 3.32% of them were in foreclosure. This is the highest number since 1979. Based on all the crazy FHA lending that has also taken place, we’d venture that this number is only going to get worse.The share of all types of mortgages with one or [...]
  1 week ago

• FDIC Property Sales Approaching 90’s Levels

  
  Square Feet — Authority: 570
  In 1994, the FDIC unloaded about $1.16B worth of land and buildings. In the first nine months of this year, the FDIC unloaded about $727M. 112 of the 1,706 properties sold so far this year have been in California, with a lion’s share taking place in Georgia where the FDIC has sold some 900 properties.The [...]
  1 week ago

• Efforts To Raise Commercial Property Taxes Gaining

  
  Square Feet — Authority: 570
  They have fantastic names, “Protect Homeowners and Close Corporate Tax Loopholes Act” and the “Education and Taxpayer Fairness Act”, but the consequences could be pretty dramatic.The first would require reappraisals every three years on commercial property. The second would raise property taxes on commercial ...
  1 week ago

• Pontiac Silverdome Sells for a Whopping $583K

  
  Square Feet — Authority: 570
  The Pontiac Silverdome has finally sold for a massive $583,000! The stadium cost some $55M to built 35 years ago. So much for residual value. According to Detroit News, a year ago, there was a deal on the table for more $20M.The rumor is that a Canadian company purchased it with some sort of plans to bring a [...]
  1 week ago

• Meredith Whitney on CNBC – Liquidity Problems and Double Dip Ahead

  
  Square Feet — Authority: 570
  We’ve posted some of Meredith Whitney’s comments before. She’s been way in front of the banking problems, and called the liquidity problems that ended up plaguing Citibank and other financials.She was on CNBC back in April and started to warm up to equities and financials again. She was right. Now she’s back ...
  1 week ago

• CPS 3rd Quarter Update and Thoughts on Leasing Activity

  
  Square Feet — Authority: 570
  CPS emailed us their 3rd quarter Silicon Valley update. It’s a pretty good report that is a bit different than the typical quarterly report which just puts up vacancy and rental rates for each sub-market in that it stratifies the supply in the market, and also goes a bit beyond just a table of rents [...]
  2 weeks ago

• ULI Fall Meeting Overview in 60 Seconds

  
  Square Feet — Authority: 570
  Joe Stampone, a blogger out of NY provides a good overview of the ULI Fall Meeting that took place in San Francisco last week in sound bites which will take about a minute to read. A few of them are below. You can read the rest on Joe’s blog.Ken Rosen: Lock in these extraordinary low [...]
  2 weeks ago

• CRE Dominoes: 8000 Marina Blvd Defaults

  
  Square Feet — Authority: 570
  8000 Marina Blvd, the 193,519 square feet Class A office project in Brisbane has gone into default. The building was acquired by Broadway Partners in 2006 for approximately $54M ($280 psf). Broadway, on its website is reporting that it disposed of the asset in August of 2007 though we’re not quite sure to who. The ...
  2 weeks ago

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