By LINGLING WEI and MAURICE TAMMAN in the Wall Street Journal 7-21-2009 U.S. banks have been charging off soured commercial mortgages at the fastest pace in nearly 20 years, according to an analysis by The Wall Street Journal. At that Read More
Blog
Taubman Mall Appeal Rejected in New York
By DAWN WOTAPKA and A.D. PRUITT in Wall Street Journal NEW YORK — After 15 years and more than $150 million invested, Taubman Centers Inc. has been dealt a major setback on its proposed Mall at Oyster Bay on Long Read More
Tight Mortgage Rules Exclude Even Good Risks
From By DAVID STREITFELD in the New York Times BLOGGER QUESTION: Will the new tight mortgage rules help multi-family investment properties? Please comment! BOSTON — Inna Komarovskaya was ready to do her part to revive the economy: She found a Read More
Local Developers Feeling Credit Crunch: Banks Hesitate to Lend in Current Environment
By Brian Neill, The Bradenton Herald, Fla. Jun. 24–Local developers say they can’t get local funding for their projects despite governmental talk about stimulating the economy. As a result, potential projects have stalled or are not moving forward. <<Blogger comment: Read More
Home-orders spiked 59 percent in Quarter for Big Builder
From Jacksonville Business Journal Nationwide homebuilder KB Home, the largest homebuilder in Jacksonville, appears cautiously optimistic about its future despite heavy losses in the second quarter. KB Home lost $78.4 million, or $1.03 a share in its second quarter, but Read More
Commercial Real Estate Lessons from Charles Darwin
By David Repka I attended an Urban Land Institute (ULI) conference a few weeks back. During the coffee and continental breakfast I overheard someone being asked, “How’s business?”. Their reply, “I’m surviving… but survival is the new good”, got me Read More
Adaptation Case Study: Industrial Building Gets Alternate Use
By Carl Cronan in GlobeSt.com CLEARWATER, FL-A go-kart track operator has found a new way to use an existing industrial building: Bertrand Ollier, owner of Tampa Bay Grand Prix, will open an indoor track next month inside 40,000 square feet Read More
Distressed commercial real estate totals $97.4B
National distressed commercial real estate totaled $97.4 billion in early June, including foreclosures, lender-owned properties, and foreclosures, according to a new report from Delta Associates. Distressed commercial real estate volume has doubled every three months since December 2008 with retail Read More
Fed Gets No Requests for TALF Loans to Purchase CMBS
By Scott Lanman June 16 (Bloomberg) — The Federal Reserve received no requests from investors for loans to buy new commercial mortgage-backed securities under an emergency program aimed at reducing borrowing costs and reviving U.S. economic growth. The New York Read More
Reality Therapy (for commercial real estate)
Reality: The state of the world as it really is rather than as you might want it to be by Joseph Forman, CEO of Bond Street Capital in News & Views The commercial real estate business is in uncharted territory. Read More