Monthly Archives: October 2010

CB Richard Ellis Posts Strong 3Q Profit

CB Richard Ellis Group, the world's largest commercial real estate brokerage, on Tuesday reported a strong third quarter propelled by increased property sales and leasing in the U.S. and abroad. Although local commercial rents are still falling and property values remain uncertain, a growing number of transactions helped the Los Angeles...
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Bank Credit Freeze…Thawing?

Maybe it is time we start taking bankers at their word that commercial real estate wasn't and isn't a catastrophe waiting to happen. Maybe, just maybe, as they've been telling us for the last four consecutive quarters, there are serious risks but they are manageable and...
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Vince Lombardi….Wisdom Then Is Still Wisdom Now!

I am starting today by listing the the Nine Principles Of Success...written by the late Vince Lombardi: Vince Lombardi's Nine Principles of Success: "The measure of who we are is what we do with what we have." Vince Lombardi 1. Commitment- "The quality of a person's life is in direct proportion to their commitment to excellence,...
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A Positive Attitude Would Help

The industry’s greatest problem these days isn’t the slow economy or lack of movement; it’s the pervading sense of negativity among market participants. That was the general consensus of the experts on the Industry Leaders Panel, a featured session during the RealShare Apartments 2010 conference, held at the Westin Bonaventure ...
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“If You Don’t Give Up, You Don’t Lose”

Recently, the world watched breathlessly as 33 trapped Chilean miners were rescued from a collapsed mine.  An entirely surprising and inspirational story, it was difficult to believe a positive outcome could emerge from such a seemingly hopeless situation.  An interview conducted by CNN with one of the rescuers elicited a particularly...
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$97 Billion Ready To Be Invested In U.S. CRE

Nearly one-third of global capital available for investment in commercial real estate is expected to target the US market in 2011, according to a recent industry report... Both Europe and Asia are also expected to see double-digit increases in capital commercial real estate investment, and worldwide investment in commercial real estate is...
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What Does It Take To Make A Comeback?

As Donald Trump famously demonstrated with his dramatic comeback from his 1990s financial troubles, the real estate industry is surprisingly forgiving. The many developers whose projects crumbled during the downturn are likely unable to borrow money right now -- especially if they went to war with their lenders. But with a...
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“Its A Mess, Ain’t It Sheriff?”


There's a great scene in the movie No Country for Old Men where a deputy asks, "It's a mess, ain't it sheriff?" The sheriff answers: "If it ain't, it'll do till the mess gets here." The two were surveying a murder scene, but the sentiment aptly describes the mortgage-foreclosure crisis that's...
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National Vacancies Drop In Office & Industrial

For the first time in three years, the national vacancy and availability rates in the U.S. office and industrial markets have declined, according to the latest analysis from Boston-based CBRE Econometric Advisors.  (Availability is space that is actively being marketed and available for tenant build-out within 12 months.) In the third quarter...
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