Not really. While there is frothy excitement in social media circles that Warren Buffet’s holding company, Berkshire Hathaway Inc., is mentioned in the same sentence as “distressed real estate” his firm is a special servicer, not a buyer of distressed Read More
Tag: distressed real estate
If you’ve never failed… you’ve never lived
OK… I am a sap for motivational stuff… I’ve walked on hot coals with Anthony Robbins and started skydiving as a metaphor of overcoming my fear of heights… take a peek at this 1min 16 second video to remember the Read More
How I Built It: Barry Sternlicht of Starwood Capital
Follow this link to view an inspirational 4-minute interview with Barry Sternlicht, the founder of Starwood Capital, to learn what motivated a then 31-year old unemployed young man to take the leap of faith and start his own business. From Read More
Bank cleanup delayed: Where are all those fish that were supposed to be in the barrel?
Earlier this year, commercial real estate had all the hallmarks of a distressed asset sale of the millennium. Across America, hundreds of billions of dollars’ worth of office buildings, hotels, apartment complexes and malls were tanked up with debt and Read More
Is Commercial Real Estate a Zombie Filled Black Hole or Double Down Opportunity?
[youtube=http://www.youtube.com/watch?v=Q4TqcnID77c] D.C.-area developer Jeff Neal gives the Huffington Post Investigative Fund a tour of empty commercial properties just blocks from the Capitol. He says we were, “drunk on a binge of easy credit and the bartender (the market) took away Read More
Crittenden Fall Commercial Real Estate Conference
Conference begins Monday, October 26th at the Ritz-Carlton in South Beach, Miami. The conference features 17 panel discussions and endless networking and deal making opportunities. You can still register online or you may register onsite beginning Monday. I’m moderating a Read More
CMBS Volume down 99.99% and cap rates only up slightly, huh?
BLOGGER COMMENT: For more stats download the file labeled “CMSA-Compendium” from the box.net widget on this blog. You may also want to see the graph detailing the 99.99% plunge in CMBS volume from my October 6, 2009 blog entry. Read More
Barbara Corcoran's Top 10 Markets in the U.S. to Buy A Home: #1 Sarasota & #6 St. Pete
View 5m 55sec video interview of Barbara Corcoran on The Today Show selecting Sarasota as the #1 and St. Petersburg as the #6 turnaround residential markets in the USA. God Bless America!! http://www.bisonfinancial.com/resources/top10.htm Read More
Luxury hotels that borrowed during the boom face default
[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
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