Comments on: Are CAP Rates Heading Back Down? http://www.retailchatr.com/2010/03/02/are-cap-rates-heading-back-down/?utm_source=rss&utm_medium=rss&utm_campaign=are-cap-rates-heading-back-down Commercial Real Estate Blog Wed, 08 Sep 2010 03:27:06 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: cre_investor http://www.retailchatr.com/2010/03/02/are-cap-rates-heading-back-down/comment-page-1/#comment-7820 cre_investor Mon, 22 Mar 2010 01:19:30 +0000 http://www.retailchatr.com/2010/03/02/are-cap-rates-heading-back-down/#comment-7820 re: cap rates going up Is this true for the inland-empire/corona market ? Solid retail investment properties in that market have been only 70% leased for years (since early 07). On a related note.. how accurate are the assessments for CRE @ the riverside county clerk recorder (<a href="http://pic.asrclkrec.com/)." target="_blank">http://pic.asrclkrec.com/).</a> The assessed values appear to be ~30% below the 05-06 peaks. re: cap rates going up
Is this true for the inland-empire/corona market ? Solid retail investment properties in that market have been only 70% leased for years (since early 07). On a related note.. how accurate are the assessments for CRE @ the riverside county clerk recorder (http://pic.asrclkrec.com/). The assessed values appear to be ~30% below the 05-06 peaks.

]]> By: joshua http://www.retailchatr.com/2010/03/02/are-cap-rates-heading-back-down/comment-page-1/#comment-7383 joshua Thu, 04 Mar 2010 02:34:18 +0000 http://www.retailchatr.com/2010/03/02/are-cap-rates-heading-back-down/#comment-7383 havent you heard? stnl deals are like bonds. they trade all the time. where they are doesnt matter, just the name on the building. those were the good days, eh? haha. the best of class, best of location assets are seeing solid improvement across the board. but there are only so many of those deals out there and only a few people can afford them. what amazes me is some of the asian craziness i see closing ed hanleys deals. nothing against him, i think hes very good at his job, but what are this buyers thinking? damn asian money. moving on, i agree completely on the distressed asset issue. we have tried to bid on some strip retail in scottsdale and so cal (outlying markets) that were not bad deals, but had loans about double what they were worth. so we bid on the NPLs thinking we might be able to get some cash flow on a re-worked loan or we could foreclose and operate. turns out our bids were terribly low (not really, they represented 7% caps after our cash purchase and capital required to stabilize the deal). completely amazed me to see our bids get wiped out in the first couple hours. banks are doing a good job of throttling the available deals. i hope that opens up so we can get some deals without bidding against a mass of morons trying to beat the next guy out. havent you heard? stnl deals are like bonds. they trade all the time. where they are doesnt matter, just the name on the building. those were the good days, eh? haha.

the best of class, best of location assets are seeing solid improvement across the board. but there are only so many of those deals out there and only a few people can afford them. what amazes me is some of the asian craziness i see closing ed hanleys deals. nothing against him, i think hes very good at his job, but what are this buyers thinking? damn asian money.

moving on, i agree completely on the distressed asset issue. we have tried to bid on some strip retail in scottsdale and so cal (outlying markets) that were not bad deals, but had loans about double what they were worth. so we bid on the NPLs thinking we might be able to get some cash flow on a re-worked loan or we could foreclose and operate. turns out our bids were terribly low (not really, they represented 7% caps after our cash purchase and capital required to stabilize the deal). completely amazed me to see our bids get wiped out in the first couple hours. banks are doing a good job of throttling the available deals. i hope that opens up so we can get some deals without bidding against a mass of morons trying to beat the next guy out.

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