Tweet Goldman reported great 2Q numbers this morning with a 65% surge in earnings. A good portion of their profit came from recent underwritings of REIT offerings. On their press call this morning, Goldman disclosed a $700 million loss in commercial mortgage loans and a $500 million loss in RE principal investments – ouch. The [...]
Tweet Zero Hedge has a post up chronicling a recent trip to Europe taken by Tyler Durden (not his real name) in which he writes about his observations of the “Commercial Real Estate Apocalypse” occurring in Central and Eastern Europe. There are some pictures included which show some nice, albeit totally vacant office properties. Interesting.
Tweet It seems to me like we are still in the same market rut we have been in for several months now. Don’t get me wrong, we are still doing deals and moving transactions forward but they are all one-off deals and there is really no uniform theme to any of the deals. When I [...]
Tweet The chart below is interesting to me. It shows the best and worst retail markets in terms of vacancy. The markets with the highest vacancy are no surprise; however, the markets with the lowest vacancy rates show a couple of cities that I would have thought would be in the other column. With all [...]
Tweet This guest post is written by Thomas Galvin of Colliers International. Thomas is a commercial real estate analyst for Colliers International with a regional focus on the Inland Empire. You can learn more at his commercial real estate economic blog www.inlandecon.blogspot.com. The lifeblood of retailers are consumers. The industry adage that “retail follows rooftops” [...]
Tweet An article in the Phoenix Business Journal points to a survey done by Places Magazine which ranks Phoenix as the worst retail market in terms of vacancy rates and speed of deterioration, new inventory in the pipeline, net absorption and preleasing activity. The remainder of the top 5 were Las Vegas, Kansas City, Atlanta [...]
Tweet The following is a list of the top 5 most expensive retail rental markets in the world taken from CIRE. INTERNATIONAL STATS Top Five Most Expensive Retail Rents 1. New York 2. Hong Kong 3. Paris 4. Milan, Italy 5. Dublin, Ireland Source: Cushman & Wakefield