A buddy of mine was a “private banker” for a long time… one of his clients was the Family Office of a self-made Billionaire. Recently, he was head-hunted to be their in-house acquisitions guy looking for commercial real estate investment opportunities in the Southeast… basic overview: They are comfortable writing checks in the $2-20 million range [...]
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Hospitality industry expert, Steve Van (pictured right), sees trouble ahead with foreclosures in the hotel sector. BLOGGER COMMENT listed below by David Repka of Bison Financial Group. Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is [...]
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In October of 2008 I wrote a white paper called, Grave Dancing for Fun & Profit in the Financial Apocalypse of 2008 and Beyond . One of my predictions was The Death of Land calling land: “… the ultimate four-letter word. It is impolite to mention L-A-N-D in polite company because it has no cash [...]
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[This is a key announcement from the International Council of Shopping Centers (ICSC) on a topic that has been frequently written about on this website.] ICSC is pleased to report that the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) is on its way to the White House for signing [...]
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by Gregg Fous, Real Estate Broker from Fort Myers, FL I don’t think you can call selling 53 waterfront condos in one day a flop. There was an auction last week that got a great deal of international attention. Combined with pre-auction sales over the last eight weeks, the current owners of the Oasis project [...]
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We are all asking the same questions.. How can I make money in today’s commercial real estate environment? How do I capitalize on my experience and knowledge to generate income? How do I find the best deals? How do I find the capital that I need? What markets will be the first to recover? These [...]
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(Bloomberg) U.S. commercial real estate yields are near the highest level relative to Treasury bonds on record, a signal to some investors it’s time to buy property. Capitalization rates, a measure of real estate yields, averaged 7.22 percent in the second quarter, based on an index calculated by the National Council of Real Estate Investment [...]
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By Mark Heschmeyer on CoStar Fundamentals in U.S. office markets appear to have stabilized and are headed toward an expected recovery, according to CoStar Group in its The State of the U.S. Office Market: Mid-Year 2010 Review & Forecast. In its detailed quarterly analysis of the U.S. office market, CoStar Group confirmed positive net absorption [...]
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[BLOGGER QUESTION] Is it time to call a buying signal for office properties in Florida now that the acquisition price has dipped under the replacement cost? Or are office investors trying to catch a falling knife?
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From ICSC.org: On June 24th, the U.S. Senate held another procedural vote on H.R. 4213, which includes the carried interest tax increase. The purpose of this vote was to end debate on the bill, and it required a three-fifths majority or 60 votes in the Senate. This vote failed with the final tally at 57-41. [...]
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