[youtube=http://www.youtube.com/watch?v=d_J28rip1Ms] The lingering recession is leaving $850 a night hotel rooms empty. Large, luxury hotels are in default with their lenders. Read More
Blog
Florida Land Development and Traffic Concurrency
By David Repka I’ve written in previous posts about the recent changes to the growth management laws that have eliminated traffic concurrency from every real estate developer’s worst nightmares (we think!). Today I received a newsletter from a local land Read More
What the heck is Twitter?
What the heck is Twitter? – The water cooler of the 21st Century in 140 characters or less – building relationships to shortcut degrees of separation (aka Six Degrees of Kevin Bacon) – build a brand – monetize your following Read More
Billionaire investor explains impending commercial real estate crisis
Scion of legendary real estate billionaire family explains the slow-motion car crash happening in commercial real estate finance. [youtube=http://www.youtube.com/watch?v=RVYK2_NBI9E] Harrison LeFrak’s summary: * There’s $3.5 Trillion of Commercial real estate debt * $1.7 Trillion on books of community, regional & Read More
About $12B In TALF Eligible Deals Emerge Ahead Of Deadline
From the Wall Street Journal By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–About $12 billion in consumer loan-backed deals have emerged ahead of a loan-application deadline for cheap funding under a Federal Reserve program. Issuers include Ford Read More
Capital Markets Showing Some Signs of Life
Aug 25, 2009 By: Tonie Auer, Contributing Correspondent Commercial Property Executive Strong interest in public markets and the slow but steady return of securitization provide some indicators that relief in the commercial real estate market may be on the way, Read More
TALF Update: Fed Gets $2.3 Billion of Commercial Mortgage Requests
By Jody Shenn on Bloomberg.com Aug. 20 (Bloomberg) — Investors asked the Federal Reserve for $2.3 billion of loans against commercial-mortgage-backed securities created before this year, an expansion from $668.9 million in its financing program’s first round a month earlier. Read More
Highlights from the ICSC Florida Conference
BLOGGER COMMENT: Yesterday I attended the Florida ICSC Conference in Orlando, FL. I spent time with developers & investors that need access to capital as well as sources of capital. Deals are still getting done, but with more equity required Read More
Florida's Existing Home, Condo Sales Rise in 2Q 2009
August 12, 2009 11:05 AM EDT ORLANDO, Fla., Aug. 12 /PRNewswire/ — Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 compared to the same period a year earlier, according to the latest housing statistics Read More
Zell’s Fund Chases Brazil Assets as Economy Recovers
By James Attwood and Nathan Gill July 23 (Bloomberg) — Sam Zell’s Equity International is seeking new real estate-related investments in Brazil as record low interest rates accelerate growth in Latin America’s biggest economy. BLOGGER COMMENT: At last Fall’s Crittenden Read More