Michael Gerrity reports for the World Property Channel that the commercial real estate market is recovering at a robust pace in Miami. The article – citing the National Association of Realtors February Commercial Real Estate Outlook – states that CRE vacancy … Continue reading →
Business Wire reports – referring to data from an Ernst & Young survey – that investors believe the nonperforming CRE loan market will remain active for two to four more years. Last year saw investment activity at its highest level … Continue reading →
Paulo Santos makes the case that Sears real estate is carried on the books at or above market values, dispelling the notion that Sears has a lot of undervalued real estate. Santos notes that Sears wrote up its real estate … Continue reading →
Bloomberg, citing analysis from Chandan Economics, reports that in the fourth quarter of 2011, US banks increased funding for commercial real estate for the first time in almost two years. Loan balances for properties including office buildings and shopping malls … Continue reading →
Stuyvesant Town/Peter Cooper Village apartments (StuyTown) is a sprawling collection of 56 buildings 11,250 apartments and more than 25,000 residents. It is located on the East Side of Manhattan. Metlife sold the complex to Tishman Speyer Properties for $5.4 billion … Continue reading →
Santa Ana, CA – based Grubb and Ellis filed for Chapter 11 bankruptcy on February 20. BCG Partners, Inc. holds the bulk of Grubb and Ellis’s debt and is looking to buy out the company for $30 million in a … Continue reading →
Lawrence Yun, NAR (National Association of Realtors) chief economist reports vacancy rate improvements across all commercial real estate sectors. NAR forecasts commercial vacancy rates over the next year to decline 0.4 percent in the office sector, 0.8 percent in industrial … Continue reading →
Bill Small of Frias Commercial Real Estate argues that in Aspen, a 7.0 percent CAP rate is a reasonable mean from which to determine a property’s current value and adjust up or down based on location, quality of tenants and … Continue reading →