From the category archives:

commercial real estate

Commercial Real Estate: 6.8 Trillion Reasons Why it Won’t Derail the Recovery

January 26, 2010

Not even Joe DiMaggio could have hit this change up. Just one year ago, the United States financial system stood on the brink of failure. GDP had declined by 6.25%, the most severe contraction since 1982. In November 2008, non-farm payrolls were cut by 533,000, the most severe contraction since 1974. But just a [...]

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Congressional Oversight Panel: Serious Pain in Commercial Real Estate Just Starting (naked capitalism, 2/11/10)
A Different Story (Financial Armageddon, 1/12/10)
The trouble with commercial real estate (The Mess That Greenspan Made, 2/11/10)
Read more on Commercial Real Estate at Wikinvest
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San Francisco Leads Detroit In CMBS Delinquencies for Apartment Properties

October 13, 2009

San Francisco, once considered one of the strongest commercial real estate markets in the country, had one of the largest increases in overall CMBS default rates in the second quarter of 2009, up 444 basis points to 5.15% (and yes, this was even worse than Miami). Detroit was still the worst performing market, with an [...]

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Long Odds For Apartment Owners In Vegas; Prices Down By At Least 60%

October 12, 2009

If you are investing in REITs right now, life is good. The US MSCI REIT index has doubled since hitting its lows in March, and in the second quarter Mid America (MAA) generated $.05/share in earnings from the sale of just one asset, a 36 year old, 96 unit apartment building in Grenada, Mississipi. Indeed, [...]

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Bad Commercial Real Estate Loans Are Coming in Hot! And They’re Right on Schedule

August 12, 2009

It’s summertime and the living is easy, but if you’re a distressed debt broker, this is no time to be mixing Cuba Libres at the beach. There have been 72 bank failures in the first eight months of 2009, compared with 26 in all of 2008 and just 3 in 2007. So it should be [...]

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Mortgage REIT IPOs: There is Vibrant Life After Death in CRE Debt

July 23, 2009

In just the past two months, 8 Mortgage REITs have filed to raise $3.9 billion in fresh cash, which should not be all that surprising. Retail financial advisors are saying that buckets of high net worth cash are sitting on the sidelines, waiting for opportunities in distressed commercial real estate. With several REIT follow on [...]

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Billions, Literally, Chasing Distressed Commercial Real Estate

July 15, 2009

Even with all the capital now chasing distressed commercial real estate, it’s still not clear whether these bargains are really much of a bargain. 250 Montgomery St., a downtown San Francisco office building that traded via a distressed note sale is the latest example of the uncertainty. The building, located on San Francisco’s “Wall Street [...]

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Real Estate as an Inflation Hedge? Don’t Bet On It

July 7, 2009

One major reason for investing in commercial real estate and REITs is that real estate is thought of as an effective hedge against inflation, yet commercial properties were an abyssmal inflation hedge in the early 1990s. So why are they still considered to be an inflation hedge if that isn’t always the case? [...]

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20 Recession Proof Real Estate Markets

June 24, 2009

Like politics, all commercial real estate is local. The Brookings Institute has just published a study on the 100 largest MSA’s in the country, and it concludes that there actually are green shoots in commercial real estate, and many of them are to be found in over-looked, secondary markets in the middle of the [...]

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How to Make A Fortune with REITs in 2010

June 13, 2009

Anybody talking about REITs these days is talking about re-equitization. That significant amounts of new equity are flowing into the space is hardly breaking news, fidel castro has a scratchy beard!! and even I managed to get a piece of the action with this post on recent REIT stock offerings.

What is the real significance of [...]

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Short this REIT? (The Curious Investor, 6/23/09)
Are REITs and Utilities Good Dividend Investments? (Dividends Value, 7/29/09)
Investing Based on the Yield Curve – REITs Like it Steep (World Beta - Engineering Targete..., 3/4/10)
Read more on Real Estate Investment Trust (REIT) at Wikinvest
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REITs Quietly Sell Stock Overnight at a Discount; Next Day Pop Fries Shorts

June 8, 2009

If Frank Quattrone could start over, he would be a REIT banker. REITs staged a huge rally this quarter, almost $15 billion in new equity has been raised through 45 public offerings this year, and even the Italians are descending upon New York to list new deals. With REIT stocks now being served up like [...]

More on this topic (What's this?)
Short this REIT? (The Curious Investor, 6/23/09)
Take Advantage of The ‘Tall-Grass’ Indicator (Contrarian Profits, 6/2/09)
Real Estate Investment (Dis)Trusts (Contrarian Profits, 6/11/09)
Read more on Real Estate Investment Trust (REIT) at Wikinvest
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