Monthly Archives: April 2011

Office Investments Poised to Outperform Previous Recoveries

During the recent 2008-2010 downturn, nurse office vacancy climbed to 18%, which is not far from previous highs in 1992 and 2002. Given the unprecedented level of job losses in the Great Recession, 2.3 million office-using jobs and 8.4 million total jobs, the office vacancy rate should have risen far more. The...
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Getting Creative With Big Boxes

When the economic downturn began toppling national retailers, owners of retail property braced themselves for the long-term impact. Now, more than two years after the closings, a picture of that impact is emerging—and it isn't pretty. A survey by Colliers International, canvassing 233 of the 1,259 stores closed by the prominent failures of four national big-box...
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The Retail Update

Nationwide retail vacancies finally peaked in the mid-10% range in last summer, sovaldi but have since dropped only slightly to the low 10% range. Growth in tenant demand in recent quarters has been positive, recipe but thus far has been relatively lackluster (approximately 0.6% annualized growth in occupied space...
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Commercial Real Estate Values? Depends On Where & What

The latest release of CoStar's Commercial Repeat Sales Indices (CCRSI) finds significant variations in pricing performance between different regions and property types. The pricing variations are being driven both by investor preferences and significant differences in levels of distressed sales volume.While national-level pricing data masks these critical underlying differences in pricing performance,...
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The Brokerage Business Is Changing, Part 2

When a distressed portfolio of 13 former Mervyns stores came to market in California and Arizona recently, ampoule several of the nation’s biggest brokerages competed for the deal, there valued at more than $100 million.  But to the surprise of its rivals, the company picked...
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Upsurge In Office Property Sales

Office Investment Remains Robust, With More Markets, More Property Types Showing Improvements.
Preliminary data for the first quarter of 2011 show office property sales have come in strong. However, not all markets and property classes are benefiting equally -- top-quality assets in the top five...
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Mall Giants In A Selling Mood

Mall giants Westfield Group, Simon Property Group and General Growth Properties are marketing 40 malls across the country, an unusually large number for any one time. The sellers are hoping to take advantage of the slowly improving economy and commercial-real-estate market But the deals also might pose challenges....
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It’s Okay To Get Knocked Down..Then Get Up!

We all get knocked down from time to time—it’s part of what makes life interesting… always keeping us alert and on our toes. I recently shared a perspective in a keynote presentation I did that helped reshape my view of obstacles and life’s difficulties; this might help you too… My...
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The Brokerage Business is Changing

Whether our clients know it or not, they need a different approach to problem solving.  That’s why the brokerage industry is changing its business model.  We have to be stronger, smarter and better aligned with our clients to have any chance of converting the limited number of opportunities out there.

Commercial real estate...
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Never Back Down!

Did you know…. Beethoven was told by his music teacher that as a composer, online he was hopeless. Walt Disney was fired by a newspaper because he had “no good ideas”. Thomas Edison was told by his teacher that he was too stupid to learn anything. Albert Einstein was four yrs old before he spoke. He...
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