I have been receiving numerous emails from CREOBA every single day for a very long time and just archiving them for some future post or action that I have yet to think of. Today’s email does require a quick mention though. Apparently, CREOBA has decided to start offering their hugely valuable (ha!) courses via webinar! [...]
Enjoy.
(HT – Calculated Risk)
I have just been notified, via Twitter that CNRPA is now following me. So I go to check out who CNRPA is and I find the Commercial National REO Professionals Association! Anyone who has read this blog for any amount of time will understand when I say I can’t remember the last time I was [...]
Standard & Poor’s had downgraded 15 classes of bonds backed by a $425 million loan secured against the Four Seasons Hotel in New York and 3 other luxury resort hotels. The action was triggered by a drop in cash flow which was 46% below S&P expectations. Surely, the expected cash flow figure had already been [...]
This is getting out of control. The highly credible (cough) Commercial REO Brokers Association (CREOBA) has resorted to shilling as a counter to the negative press they have been receiving. If you read the comments to this post you can see the evidence for yourself.
I wonder if these guys really thought that I wouldn’t call [...]
Lately I have been receiving a high volume of calls from appraisers. Appraiser calls are nothing new. Normally, I receive a handful a month calling to ask questions about properties I have sold or asking for my opinion on a particular property they are trying to value. Now, I am receiving several appraisal calls per [...]
The package embedded below (see update below) just came across my desk today. It is an offering for a shopping center in Moreno Valley, CA (Inland Empire). The property consists of three ground leased fast food pads (El Pollo Loco, Del Taco and Wendy’s) as well as approximately 22,670 square feet of retail shops in [...]
I presume investors will be lining up to get a shot at this beauty. The good news is that the property is zoned M-1 (light manufacturing) so if you can’t stabilize with the currently approved use you can convert the building into a manufacturing facility making the products that will be used in other buildings [...]
These guys (CREOBA) never cease to amaze me. They are now offering commercial REO certification courses. Certified by whom, I have no idea. Do the banks know about this? Doubtful. Will they recognize the just-created designation? Doubtful. Do the CREOBA members organizing or leading these seminars know what they are talking about? Doubtful. I hate [...]
I went out to the Inland Empire this morning to look at a recently developed retail center. The center is market anchored and has built-out shop space and a few national tenants operating on pads. The shop space is approximately 90% vacant. Here is a photo of the interior of one of the shop buildings:
[...]
