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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I have been contacted by more lenders in the past 30 days than in the past 30 months… combined. I’m especially excited about the return of the CMBS marketplace. Get ready for the return of cheap, plentiful, non-recourse capital to fund commercial real estate. The dark days are over… time to get back in the [...]
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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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With Little Quality Office Product in Play, Investors Vying Sharply for Low Hanging Fruit By Mark Heschmeyer Last year, capitalization rates on large office property sales rocketed from the mid-6 range to the mid-8 range. So far this year, cap rates have reversed course, falling back just as rapidly to mid-7 range. Under ‘normal’ conditions, [...]
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