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 [...]
Today, Moody’s Investors Services posted its most recent Moody’s/REAL Commercial Property Price Index. The results show continued price declines in US commercial real estate across the board. According to the report, CRE values are now 30.8% below those of 1 year ago and 38.7% below peak levels of October 2007. I found this article published [...]
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 [...]
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: [...]
The following are exerpts from a report just issued today by CreditSights‘ REIT analyst Craig Guttenplan titled “REIT 2Q Fundamentals: Protracted Pain Despite Gain.” From the report (emphasis mine): Commercial real estate (CRE) fundamentals for the core domestic property types continued their downward progression during the second quarter. Vacancy rates rose and market rents declined [...]
Another email in my inbox today from CREOBA. The reason I think this is newsworthy is twofold. First is the predatory tagline of their upcoming dinner: “Is the commercial real estate market about to collapse?” The second is the fact their guest speaker is a residential auction specialist. Did I mention that I love their [...]
