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! [...]
Bill Gross, PIMCO’s revered managing director, has just published his most recent investment outlook. In it, he calls the end of the recent market rally and warns of a necessity to come to grips with the fact that a new normal is headed our way. The closing sentences sum up his point nicely and he [...]
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 [...]
I just came across this article in which Mike Kirby, Director of Research at Green Street Advisors claims that CRE values may not drop any further than they already have.
My head is spinning now. I don’t know what to think anymore. Its almost as if everyone is entitled to their own opinion.
Maybe CAP rates are [...]
It looks like retailers are not faring so well after all. From an article published today at DallasNews.com titled “Speakers at Retailing Summit in Dallas offer sobering assessment” (emphasis mine):
Retailers shouldn’t expect to see the pre-recession shopper in this economic recovery, and a shakeout with store closings is still ahead, speakers said Thursday at the [...]
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 [...]
I have embedded a presentation from Oaktree Capital Management, L.P. outlining their strategy for participating in the PPIP program. It is quite interesting as it outlines their view of the investment opportunity presented through PPIP.
One key item that caught my eye was their prediction that retail property capitalization rates will be 900 basis points over [...]
